The Managing Director of First Bank of Nigeria, Mr Adesola Adeduntan, on Tuesday in Lagos, said that the lender’s business activities are integrated with the Nigerian economy in a way...
Fitch Ratings has downgraded Nigeria’s Bank of Industry Limited’s (BOI) Long-Term Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘ and Support Rating to ‘4’ from ‘3’ following the downgrade of...
The Managing Director, Accenture Technology, Nigeria, Mr. Niyi Tayo, has urged stakeholders in the banking and information communication technology (ICT) sectors to undertake a deep analysis of data released by...
The share prices of Transnational Corporation of Nigeria Plc, Skye Bank Plc and Diamond Bank Plc plunged on Monday as the equities market lost N14.24bn at the close of trading...
First Bank of Nigeria Limited says it has won ‘The Best Retail Bank in Nigeria’ for the fifth time. The lender said it also won ‘The Mobile Payment Product of...
Over 400 hundred disengaged staff of Diamond Bank who were recently affected by the downsizing exercise carried out by the bank have decried the non-payment of their severance pay by...
The rating which is valid until July 2017 comes after another global ratings agency, Moody’s Investors Service, affirmed the bank’s local and foreign currency issuer ratings of B2 with stable...
Nigeria’s banking sector is currently facing a crisis of confidence following the central bank’s decision to replace the chief executive officer of Skye Bank Plc, its chairman and 10 other...
The Central Bank of Nigeria (CBN) has disclosed that it is monitoring some commercial lenders for liquidity after Skye Bank failed to meet prudential ratios, prompting it to replace its...
In light of the huge indebtedness of oil and gas firms and the rising inability of most of the oil firms to meet their debts obligations to the banks, uneasy...