Naira weakens to 410/dollar

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The naira weakened to 410 per dollar against the United States currency on Tuesday, down from 405/dollar recorded on Monday. This was despite the Central...

CBN Opens Special Forex Window For Smes

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The Central Bank of Nigeria on Monday said it had opened a special foreign exchange window for the Small and Medium Enterprises. The window would...

Wapic Insurance Introduces Unique Lifestyle Insurance Products into the Market

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L-R: Rantimi Ogunleye, Managing Director/Chief Executive Officer, Wapic Life Assurance Ltd; Olufemi Obaleke, Executive Director, Wapic Insurance Plc; Yinka Adekoya, Managing Director/Chief Executive Officer,...

Fidelity Bank Plc. FY’16 results – Earnings lag consensus estimate, declines 30% YoY

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Fidelity Bank Plc. (FIDELITYBK) FY'16 results - Gross earnings increased slightly by 3.4% to N152.0 billion, in line with our estimate of N147 billion (3.4%...

Naira Slides To 405/$ Amid Tight Dollar Supply

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The naira slid to 405 against the United States dollar on the parallel market on Friday amid tight supply of the greenback. This was despite...

Nigeria occupies 7th place on PoS transactions in Africa

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Nigeria occupies seventh position among African countries where the use of point of sale (PoS) form part of transactions, Nigeria Communications Week has learnt. According...

UBA promotes 3,000 of its employees, equivalent of 25% of its workforce

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Bank says it is Investing in People: Amid Economic Recession, UBA Promotes 3,000 Staff  CEO Kennedy Uzoka: “If we take care of our people, our...

Mortgage banks propose one-year job insurance scheme

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Fresh efforts are underway to seek pragmatic and contemporary solutions to the challenges in the mortgage sub-sector, following plans by the operators to extend loss of job...

Omoluabi Mortgage Bank posts 57% profit growth in 2016

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Omoluabi Mortgage Bank plc in its financial report recorded NGN181.0 billion net interest income for fourth quarter 2016 in contrast to NGN202.4 billion recorded...
DBN Advocates Sustainable Banking for Nigerian MFBs

What You Need To Know About The new Development Bank of Nigeria (DBN)

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Issued by the Federal Ministry of Finance, Abuja. 1. What is the Development Bank of Nigeria? The Development Bank of Nigeria (DBN) is a wholesale financial...

UBA to Expand to Six More African Countries

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The United Bank for Africa Plc (UBA) has said it plans to extend its presence in Africa from 19 countries, Nigeria inclusive, to 25...

Keystone Bank Appoints Hafiz Bakare Acting CEO As It Prepares For Change Of Name

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Most of us are aware that keystone bank has been acquired by Sigma Golf-Riverbank Consortium. And guess what, change of name loading. From Bank...