6 Mar 2018
Only about 43 per cent of Nigeria’s estimated 180 million people are currently banked. The implication of this is that about 77.4 million Nigerians are still not within the radar of the country’s financial institutions for banking services. According to the Managing Director and Chief Executive Officer of Fidelity Bank Plc,…
18 Dec 2017
Despite acclaimed improvements across the economy through the year, the sad reality is that the nation’s Deposit Money Banks cannot still lend money for productive activities below an average of 20 per cent. The revelation made by policy makers is also worrisome based on the assessment that the industry may remain under pressure in the…
12 Dec 2017
Officials of the Industrial Court sitting in Makurdi, Benue State as well as security operatives for several hours yesterday disrupted the activities of First Bank Plc located on New Otukpo Road in a bid to enforce a judgment. The development left several customers stranded. They were shut out from 8:30 a.m. to12 noon, a development…
12 Dec 2017
A new Code of Corporate Governance for Bank Directors was reported, the other day, to have been issued by the Central Bank of Nigeria (CBN). A noteworthy provision in the Code is the empowerment of banks’ Board of Directors to ‘remove or sack’ any director having non-performing loan(s). The reason for this provision is, no…
14 Sep 2017
Home to some of the fastest growing economies in the world, Africa has an abundance of attractive investment opportunities.
7 May 2016
The founder of an online underworld bank that allegedly laundered billions of dollars for criminals was sentenced Friday to 20 years in prison.
15 Apr 2015
A total of 57 countries have been approved as founding members of a Chinese-backed infrastructure bank, Beijing said Wednesday, and Norway is included despite frosty relations over a Chinese dissident's Nobel prize. No nations that formally sought to become founding members of the Asian Infrastructure Investment Bank (AIIB) are known to have been refused. But…
14 Apr 2015
China's bank lending rose in March from the previous month, the central bank said Tuesday, though broader credit growth declined as the world's second-largest economy expands at its slowest pace in nearly a quarter of a century.
8 Apr 2015
Kenya has suspended a series of bank accounts suspected to be connected to financing terrorism, days after the university massacre of almost 150 people by Somalia's Al-Qaeda-linked Shebab, the treasury said.