BANKING

BANKS are carrying a heavy load of Non-Performing Loans (NPLs), which rose 78 per cent year-on-year to N649.63 billion last May. The “worrisome” trend should be tackled, Central Bank of...

The Central Bank of Nigeria (CBN) has deleted the United Bank for Africa (UBA) from the list of nine deposit money banks (DMBs) banned from the foreign exchange market, for...

UBA Plc, one of Nigeria’s leading banks  denied it was sitting tight on $530million belonging to the Federal Government, part of its $2.1billion dividend from the Nigerian Liquefied Natural Gas...

First Bank of Nigeria Ltd. has announced the appointment of Mr Patrick Iyamabo as its new Chief Financial Officer (CFO). Iyamabo was performing a similar job at the FCMB, before...

To assess the strength of the nation’s banks, the Central Bank of Nigeria (CBN) is currently conducting stress tests on them. But depositors need not worry. The tests are routine,...

Union Bank of Nigeria Plc has partnered CBC Netcomms to launch Stallion Hotspot, a street WiFi network in Lekki axis of Lagos State. The bank said the initiative was designed...

Nigeria will deepen its partnership with the Islamic Development Bank (IDB) to fund critical projects in health, water and the infrastructure sector, President Muhammadu Buhari, said on Monday in Abuja....

The Minister of Finance Mrs. Kemi Adeosun along with the President of the Islamic Development Bank (IsDB) Dr. Ahmad Mohamed Ali will formally inaugurate the Country Gateway Office (CGO) of...

The Federal Mortgage Bank of Nigeria (FMBN) has solicit the support of the Economic and Financial Crimes Commission (EFCC), in the recovery of its huge bad debts from developers and...

Wema Bank Plc is raising N50 billion tier two capital through bonds to enable it deepen its market penetration and profitability, its Managing Director, Segun Oloketuyi, has said. Speaking at...