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

Skye Bank Promotes 300 Workers, Sacks 55

Skye Bank Promotes 300 Workers, Sacks 55

The management of Skye Bank Plc has announced the promotion of over 300 of its employees under the 2016 annual staff performance review exercise. The promotion, which cuts across several cadres up to the managerial level, according to the bank, is in line with its effort to reward staff members who performed creditably in their […]

CBN: Nigeria Planning $50bn Funding for Domestic Biofuel Industry

CBN: Nigeria Planning $50bn Funding for Domestic Biofuel Industry

The Central Bank of Nigeria (CBN) tuesday disclosed that the federal government would invest about $50 billion to the development of a domestic biofuel industry which would serve as an alternative energy source for Nigeria. It said the $50 billion biofuel fund would be contributed by different government agencies and development banks including the Bank […]

Fidelity Bank, LBS, NEPC Intensify Promotion Of Exports

Fidelity Bank, LBS, NEPC Intensify Promotion Of Exports

Fidelity Bank has reiterated its resolve to continue to promote and catalyze export businesses in Nigeria with the fourth stream of the Export Management Program (EMP) scheduled to hold at the Lagos Business School (LBS) later this month. The Export Management Program (EMP) is the off-shoot of the collaborative efforts between the bank, LBS and […]

CBN Explains Forex Shortage For Oil Marketers

CBN Explains Forex Shortage For Oil Marketers

Central Bank of Nigeria (CBN) Governor Godwin Emefiele yesterday offered an insight into why oil marketers and dealers in petroleum products have been facing difficulties in getting foreign exchange to procure fuel overseas. Emefiele, whose representative appeared before the Nnanna Igbokwe-led House of Representatives Adhoc Committee on the Reduction of Petrol Prices explained that the […]

Senate summons bank MDs Over N50bn Tax Evasion

Senate summons bank MDs  Over N50bn Tax Evasion

The Senate Committee on the Federal Capital Territory Administration (FCTA) has summoned the managing directors of commercial banks operating in the territory over their banks’ failure to remit taxes in excess of N50 billion. Chairman of the committee, Senator Dino Melaye, made the disclosure on Tuesday in Abuja at a meeting of his committee with […]

Fidelity Bank Targets Electronic Banking

Fidelity Bank Targets Electronic Banking

  Nigeria’s Fidelity Bank is targeting retail clients using low-cost electronic channels to boost profits after a recession in Africa’s biggest economy forced the mid-tier lender to slow loan growth, a senior executive said on Tuesday. Several Nigerian lenders have adapted their business models after low crude prices put pressure on the once lucrative oil […]

Naira Faces Additional Pressure

Naira Faces Additional Pressure

The Nigerian naira could be facing additional pressure as Federal Government prepares to announce its final decision on the 41 items the Central Bank of Nigeria (CBN) restricted from assessing foreign exchange at the interbank market. Report says that Buhari and his Economic Management Team were under pressure from the organised private sector, international community […]

Change Of Leadership In TCN Not Condition For $174m AfDB Loan – Fashola

Change Of Leadership In  TCN Not Condition For $174m AfDB Loan – Fashola

Federal Government has said the change of leadership in the Transmission Company of Nigeria (TCN) is not a condition for the granting of $174 million to Nigeria by the African Development Bank (AfDB). The appointment of Isman Gur Mohammed as the managing director of the TCN had generated uproar as the electricity workers’ union had […]

Reps Summon Emefiele Over $1bn Forex Sales

Reps Summon Emefiele Over $1bn Forex Sales

  An ad hoc committee of the House of Representatives on Monday summoned the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, to explain how International Oil Companies got involved in the sale of foreign exchange to importers and marketers of petroleum products in 2016. The committee, which is chaired by a member […]

Nigeria Begins Trade Negotiations With African Countries

Nigeria Begins Trade Negotiations With African Countries

The Federal Government will this week begin another round of negotiations with all the countries in the African region under the Continental Free Trade Agreement. The Strategic Communications Adviser to the Minister of Industry, Trade and Investment, Constance Ikokwu, who confirmed the development, said the Nigerian negotiation team, consisting of eight members, would be led […]

Contact Us