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Failure Of Mobile Money Services – Customers Complain Over Blackout In Banks

Failure Of Mobile Money Services – Customers Complain Over Blackout In Banks

THE last thing any bank customer expects in this age is a bank branch operating in darkness. That was the experience of a bank customer as reflected in one of the complaints below. Some of the complaints also show that some banks are yet to perfect the mobile money applications and money transfer services. STERLING […]

Banks Non Performing Loan Rise By N576.5bn In Two Year

Banks Non Performing Loan Rise By N576.5bn In Two Year

Non-Performing Loans (NPLs) in the banking industry increased by a whopping N576.5 billion in two years , Afrinvest West Africa, has said in its 2016 Review and 2017 Outlook report.   Commercial banks’ assets have depreciated in the last two years, with provisions for NPLs hitting N856.9 billion.   The report showed that provisions for NPLs […]

Pound Risks Becoming Irrelevant as Brexit Dims Reserve Status

Pound Risks Becoming Irrelevant as Brexit Dims Reserve Status

How Is Brexit Moving the British Pound? The fallout from the U.K.’s vote to exit the European Union includes the risk of the pound losing favor as a place for safe-keeping by global managers and their $11 trillion stockpile of reserves. “To the extent that reserves serve as backstops against currency stress, rather than as […]

Five Banks Dominate CBN’s $1.1b Forex Disbursements

Apex bank seeks bid for special auction The Central Bank of Nigeria (CBN) said its foreign exchange utilisation records for banks showed a disbursement of $1.1 billion in November 2016. However, of the 4,328 transactions in the period under review, five banks dominated the deals with 2,892, representing about 67 per cent of the total […]

FirstBank Takes e-Banking To Higher Institutions

FirstBank Takes e-Banking To Higher Institutions

THE First Bank of Nigeria Limited, as part of its engagement initiative to drive financial inclusion, is organising Campus Storms to provide students and the Ivory Towers an opportunity to experience convenient and accessible banking  at their doorstep. The bank is reputed as Nigeria’s most valuable bank brand. It made strong presence yesterday in places […]

UBA Bank Massive Recruitment 2017

UBA Bank Massive Recruitment 2017

  United Bank for Africa Plc (UBA) is one of Africa’s leading financial institutions, with operations in 20 African countries and 3 global financial centres: London, Paris and New York. From a single country organisation founded in 1949 in Nigeria UBA has grown to become a pan-African provider of financial services with over 11 million […]

Sky Bank – Ready To Make More Millioniares

Sky Bank – Ready To Make More Millioniares

  Skye Bank Plc says it is set to make more millionaires out of Nigerians in its repackaged ‘Reach for the Skye Millionaire promo’. In a statement on Monday, the lender said the Season 2 edition of the promo was designed to deliver more benefits to the public compared to Season 1 of the scheme. […]

Ecobank Patners With Microsoft To Drive Africa’s Digital Transformation

Ecobank Patners With Microsoft To Drive Africa’s Digital Transformation

 A Memorandum of Understanding between Eco-bank Transnational Incorporated and Microsoft on Monday was  signed to complement African governments’ efforts to modernize and raise the standards of the continent’s major cities through state-of-the-art digital solutions. The MOU will see the modernization of sectors that will have the most immediate and significant impact for African countries, according […]

Dollar Drops As Investors Await Details Of Trump’s Policies

Dollar Drops As Investors Await Details Of Trump’s Policies

    The dollar skidded in Asian trade on Monday, with the euro hitting its highest levels in more than a month as investors locked in gains on the greenback’s recent rise as they waited for U.S. President Donald Trump to offer details of his promised stimulus. The euro firmed 0.4 percent on the day […]

Experts Predicts Naira To Remain Below 500/dollar This Week

Experts Predicts Naira To Remain Below 500/dollar This Week

  Currency retailers and experts have said the Naira will trade slightly below 500 per United States dollar this week despite the commencement of the sale of foreign exchange to Bureau De Change operators by the Central Bank of Nigeria last week.  The CBN had through the International Money Transfer Organisations resumed the sale of […]

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