Stanbic IBTC Pension Exceeds One Million Customer Target
Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings PLC, recently celebrated its achievement of one million retirement savings accounts, maintaining its position as the leading pension...
View ArticleIllegal COT: Customers Lose N10m For Every N5bn Transaction
Banks have continued to disobey Central Bank of Nigeria (CBN)’s directive to collect N3 per N1,000 as Cost of Transaction (COT).LEADERSHIP investigation revealed that the banks still collect N5 per...
View ArticleCBN Ranks Anambra Third In Deposit Mobilization
The Central Bank of Nigeria has rated the economy of Anambra as among the strongest in the country.The Branch Manager of the bank in Awka, Mr Okoro Azubuike, announced the rating in Awka on Thursday...
View ArticleCBN Sets New Account Balance Limits
The Central Bank of Nigeria (CBN) has set new deposit limits for all categories of account holders and introduced three-tier Know Your Customer (KYC) requirements for banks.In a circular issued by the...
View ArticleWinners Emerge In Fidelity Bank Promo
A new set of winners have emerged at the 2nd Mega Draw of the Fidelity 25th Anniversary Cars and Cash Savings promo held in Lagos. In all, a total of five (5) brand new Hyundai Accent cars and 21 cash...
View ArticleAccess Bank’s Shareholders Condemn Removal Of Coscharis MD
Shareholders have berated the removal of the managing director of Choscharis Group, Cosmas Maduka, from the board of Access Bank Plc, saying the action of the CBN was less than desired.According to...
View ArticleMaduka Retired At Bank’s Last AGM After 12 Years – Shareholders
Shareholders said the controversy surrounding the exit of Mr. Cosmos Maduka, chairman Coscharis Group from the board of Access Bank should not arise as the man bowed out during the bank’s last Annual...
View ArticleHeritage Bank To Verify SGBN Accounts In 11 Cities
Succour may have come the way of customers of Societe Generale Bank of Nigeria Limited (SGBN) as the bank which now operates under the name Heritage Banking Company Limited opens its doors for business...
View ArticleAfDB Signs Agreement To Provide $700mn To NEXIM, BOI
The African Development Bank (AfDB) yesterday signed an agreement that would see it providing two sovereign-guaranteed multi-tranche lines of credit (LoCs) of $500 and $200 million to the Bank of...
View ArticleNEXIM Committed To Creating Market Access, Derisk Non-oil Sector – Orya
The Managing Director of Nigeria Export Import Bank, Mr Roberts Orya, said the bank was committed to creating market access for non- oil made-in-Nigeria products through support financing and building...
View ArticleWorld Bank Develops Assessemnt Standards For States On Water Provision
The World Bank on Wednesday said it had developed standard indicators for assessing states in the provision water.Mr Hassan Kida, the Lead Water and Sanitation Specialist of the bank, said the...
View ArticleFirst Bank Introduces Premium Banking Lounges
First Bank of Nigeria (FBN) Plc has introduced the FirstBank Premium Banking Lounges, a facility designed to provide comfort and convenience to its premium customers.Speaking during the official launch...
View ArticleHBC To Commence Banking Operations In Q1
As it continues to validate the accounts of customers of Societe Generale Bank of Nigeria Limited (SGBN), Heritage Banking Company Limited (HBC) is set to open its banking halls for business before the...
View ArticleRecapitalisation To Cut Mortgage Banks To 25 From 70
With only two months away from the recapitalisation deadline given by the Central Bank of Nigeria (CBN) to mortgage banks in the country, the President of the Mortgage Bankers Association of Nigeria...
View ArticleUBA Unveils MasterCard For Domiciliary Accounts
The United Bank for Africa (UBA) Plc has unveiled MasterCard for Domiciliary accounts to its electronic products as demonstration of its support for the Central Bank of Nigeria’s cashless initiative.In...
View ArticleCBN, NAMB Agree To Review ``Grey Areas’’ On Recapitalisation
The Central Bank of Nigeria (CBN) and National Association of Micro Finance Banks (NAMB) have agreed to set up a technical committee to resolve ``grey areas’’ in the recapitalisation of micro finance...
View ArticleInvestment in Power Takes Front Burner At Stabic IBTC Investors Conference
Growth and investment prospects in Nigeria’s power sector will dominate proceedings at the 2012 Stanbic IBTC Investors conference holding in Ghana and Lagos between 18 and 23 Febuary.The Managing...
View ArticleCAT, Stanbic IBTC Collaborate On Financial Services
Stanbic IBTC Bank and Caterpillar Financial Services has launched their collaboration agreement in Lagos.The collaboration named Cat Financial Services, services provides by Stanbic IBTC Bank will see...
View ArticleEnterprise Bank Goes Live On Google Maps
Enterprise Bank Limited has joined the elite league of worldwide organisations and global financial institutions that are currently listed on Google Maps. Google Maps is a Google service offering...
View ArticleSEC Appoints First Bank As Lending Agent On NSE
The Securities and Exchange Commission (SEC) may have appointed First Bank of Nigeria as a securities lending agent for equities and bond transactions on the Nigerian Stock Exchange (NSE).An official...
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