Home » Archives by category » Banks Management (Page 2)

NDIC Urges Depositors To Report Banks Indulging In Sharp Practices

NDIC Urges Depositors To Report Banks Indulging In Sharp Practices

The Nigerian Deposit Insurance Corporation (NDIC) has urged depositors to report any sharp practices by commercial banks. It also called on Nigerians to shun dubious financial schemes and wonder banks which have continued to defraud unsuspecting members of the public. Speaking at the NDIC Day at the ongoing 38th Kaduna International Trade Fair on Thursday, […]

GTBank Wins Six EPIS Awards

GTBank Wins Six EPIS Awards

Guaranty Trust Bank Plc (GTBank) said it reaffirmed its position as Nigeria’s leading financial institution on e-payments with its emergence as a multiple award winner during the 2017 Electronic Payment Incentive Scheme (EPIS) awards organised by the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS) recently. With six awards, GTBank took […]

Nigeria Central Bank To Clear Backlog Of Dollar Demand For Importers

Nigeria Central Bank To Clear Backlog Of Dollar Demand For Importers

Nigeria’s central bank said on Thursday it will sell dollars via a book-building process to clear a backlog of dollar demand for companies importing machinery, airline equipment and petroleum products. Companies would be required to pay the naira equivalent for their dollar bids on the spot market on Thursday, while the dollars will be delivered […]

CBN’s Reports On PMI Indicates Decline In Economic Activities

CBN’s Reports On  PMI Indicates Decline In Economic Activities

THE Central Bank of Nigeria, CBN, yesterday, released its Purchasing Managers Index (PMI) report for February, 2017 which indicated continued decline in economic activities, coming against the backdrop of the bottoming-out of recessionary trend as reported earlier in the week by the National Bureau of Statistics, NBS. The PMI is based on survey of purchasing […]

Devt Bank’ll Catalyse SMEs’ Growth

Devt Bank’ll Catalyse SMEs’ Growth

MINISTER of Finance, Mrs. Kemi Adeosun has stated that the Development Bank of Nigeria (DBN) is being positioned to galvanise the Small and Medium Scale Enterprises, SMEs, sector for the overall development of the nation’s economy. According to her, the present administration is aware of the role of SMEs in national economy, hence the resolve […]

CBN Releases Corporate Governance Code For Other Financial Institutions

CBN Releases Corporate Governance Code For Other Financial Institutions

The Central Bank of Nigeria (CBN) has developed distinct governance codes of corporate governance for Other Financial Institutions (OFIs) under its supervision. These OFIs include primary mortgage institutions, microfinance banks, mortgage refinance companies, development finance institutions, bureau de change and finance companies. The central bank also explained in draft guidelines for the OFIs on its […]

Bank Of Industry Move To Deepen MSMEs’ Credit Delivery

Bank Of Industry Move To Deepen MSMEs’ Credit Delivery

The Kwara State Government has extolled the Bank of Industry’s (BoI) resilience in driving Micro Small and Medium Enterprise (MSME) development in the country, noting that the Development Finance Institution’s (DFI) effort in ensuring that entrepreneurs get equal access to credit facilities, reflects its strong commitment towards entrepreneurship development in Nigeria. The Governor, Kwara State, […]

South Africa’s Nedbank & Value of Ecobank Stake

South Africa’s Nedbank & Value of Ecobank Stake

South Africa’s Nedbank booked a $293 million writedown on the value of its stake in sub-Saharan lender Ecobank on Tuesday and reported its slowest growth in annual profit since 2009. Ecobank Transnational Incorporation’s operations in central and west Africa are exposed to some economies that have been pressured by the commodity price slide and unfavourable […]

Finance Ministry, CBN Holds Talk on Intervention for SMEs

Finance Ministry,  CBN Holds Talk on Intervention for SMEs

As the Development Bank of Nigeria (DBN) begins the final processes of take-off, the Minister of Finance, Mrs. Kemi Adeosun, has disclosed that her ministry is in discussions with the Central Bank of Nigeria (CBN) on the need to use the emerging bank to convey any of the CBN’s subsequent Small, Medium Enterpries’ (SMEs) interventions. […]

FCMB Promotes Healthy Lifestyle

FCMB Promotes Healthy Lifestyle

First City Monument Bank (FCMB) Limited has held series of activities to mark the 2017 edition of its Employee Health Week. The annual programme, which is primarily aimed at promoting healthy living for employees of the Bank and their families, is aimed towards encouraging and supporting employees to adopt healthy lifestyles, by promoting sustainable behaviour […]

Contact Us