Home » Entries posted by All Nigeria Banks (Page 41)

CBN – Nigerian Banks Have Strong Capital Buffers To Weather Crisis

CBN – Nigerian Banks Have Strong Capital Buffers To Weather Crisis

A central bank official said on Wednesday following a meeting with lenders that though Nigerian banks are facing economic challenges, they have strong capital buffers to weather the crisis, Nigeria, Africa’s biggest economy, is in recession with a slump in the oil revenues that make up the bulk of its foreign earnings having hammered public finances and […]

CBN Stops 19 Banks From Selling Forex To BDCs

CBN Stops 19 Banks From Selling Forex To BDCs

The Central Bank of Nigeria (CBN) has suspended all the banks, with exception of First Bank, from selling dollars proceeds of international money transfer services (IMTS) to Bureaux De Change (BDCs). Two months ago, the CBN had directed banks to sell proceeds of their international money transfer services to BDCs. This was in a bid […]

Nigeria’s Crude Oil Production Falls Below Market Estimate

Nigeria’s Crude Oil Production Falls Below Market Estimate

The crude oil production figure provided by Nigeria to the Organisation of Petroleum Exporting Countries for last month was 139,000 barrels per day lower than the estimate from secondary sources. Nigeria, which lost the Africa’s top oil producer status in March, produced less crude oil than its rival, Angola, in September, according to OPEC. OPEC, […]

Expansionary Budget Will Help Nigeria’s Recovery From Recession – World Bank

Expansionary Budget Will Help Nigeria’s Recovery From Recession – World Bank

the World Bank has said that Nigeria will experience moderate economic rebound in 2017, after going through recession in 2016. The bank, which stated this in its report, Africa’s Pulse, anchored the nation’s revival on the Federal Government’s expansionary budget, expected to begin to yield result only in 2017 because of slow implementation. It also […]

Police Pension Boss Face Trials For Stealing N24bn

Police Pension Boss Face Trials For Stealing N24bn

Mr. Mustapha Gadanya, an Economic and Financial Crimes Commission witness, on Wednesday told an FCT High Court how the then Director of Police Pensions moved N24bn into different accounts. The News Agency of Nigeria reported that Gadanya was among the team that investigated the matter and Esai Dangabar was the former Director Police Pension Fund. […]

Court Discharges A Stockbroker’s N1.86bn Suit Against Oyedepo

Court Discharges A Stockbroker’s N1.86bn Suit Against Oyedepo

A  suit of N1.86bn filed against Bishop David Oyedepo, founder of the Living Faith Church, a.k.a. Winners’ Chapel,  by a stock brokerage firm, Valueline Securities and Investment Limited, has been struck out by a Federal High Court in Lagos. Justice Jude Dagat, in a ruling on Friday, described the plaintiffs’ suit as incompetent and dismissed it for […]

UBA And European Bank Agrees To Finance Private Sector Investment

UBA And European Bank Agrees To Finance Private Sector Investment

An agreement have been signed by the European Investment Bank (EIB) and United Bank for Africa (UBA)to support private sector investment across Nigeria. The development will allow UBA to provide longer term funding to private companies in Nigeria. In a statement by UBA on Tuesday, the new private sector lending programme agreement was sealed on […]

Three International Banking Services You Need – Femi Asu

Three International Banking Services You Need – Femi Asu

International banking is a type of banking that takes place across the borders. Individuals and companies use it to get favourable banking conditions in a global marketplace. For some banks, international banking is more or less a function within a department. But for many large banks with a global footprint, it is a department in […]

Adeosun – N3.9tn Of 2016 N6.1tn Budget Released Is For Capital Projects

Adeosun – N3.9tn Of 2016 N6.1tn Budget Released Is For Capital Projects

The Minister of Finance, Kemi Adeosun, has said that at the end of September 2016, N3.9 trillion out of the N6.1 trillion budgeted for the year has been released. Mohammed Dikwa, Director Special Projects in the ministry, who represented the minister, made the statement at a stakeholders’ forum on reducing the cost of governance in […]

Naira Appreciates More On Parallel Market

Naira Appreciates More On Parallel Market

Following the implementation of an arrangement that saw the intervention of Travelex in the Bureau De Change (BDC)  segment of the market, the naira continued its appreciation on the parallel market yesterday as it climbed to N468 to the dollar from N470 to the dollar the previous day. Also, the naira was calm on the […]

Contact Us