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First Bank Restates Commitment To Improved Services

First Bank Restates Commitment To  Improved Services

First Bank of Nigeria Limited says it is committed to improved customer service delivery. The lender, therefore, said it would continue to provide the best financial solutions to promote convenience and support the lifestyles of its customers. In a statement on Thursday, First Bank said, “The bank through the years has demonstrated an understanding of […]

Skye Bank, MoneyGram Boost Money Transfer Services

Skye Bank, MoneyGram Boost Money Transfer Services

    Skye Bank Plc says it will continue to collaborate with Money Gram to enhance money transfer services in the country. According to a statement by the lender, three lucky customers of Skye Bank have emerged as winners in the on-going ‘’Receive n Win Promo.” The winners, which include Oladele Femi, Babatunde Sodiq and […]

MasterCard Introduces New Digital Platform

MasterCard Introduces New Digital Platform

MasterCard, global technology company with presence in Nigeria, on Tuesday, launched a digital platform that connects smallholder farmers, agents, buyers and banks in East Africa. Tagged, ‘2KUZE’ which in Swahili means “Let’s grow together,” the platform enables farmers to buy, sell and receive payments for agricultural goods via their feature phones. According to a statement […]

GT Bank Manager Denies In Court

GT Bank Manager Denies In Court

  Nwachukwu Amazu, head of the fund transfer unit of Guaranty Trust Bank (GT.BANK), on Wednesday denied knowledge of the documents his bank sent to the Economic and Financial Crimes Commission (EFCC) on Senate President Bukola Saraki. ‎Nwachukwu, who is the second prosecution witness in the trial of Saraki at the Code of Conduct Tribunal […]

Bitcoin and Central Bank Of Nigeria

Bitcoin and Central Bank Of Nigeria

The Central Bank of Nigeria (CBN) has barred deposit money banks and all other financial institutions from the operation of any form of virtual currency. The warning by the apex bank yesterday was contained in a circular by the CBN Director of Financial Policy and Regulation Department, Mr. Kevin Amugo, Virtual currencies (VCs) such as […]

May Speech Boost Pound Sterling Value

May Speech Boost Pound Sterling Value

  Sterling saw its biggest gain ever since the 2008 financial crisis on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain’s deal to leave the EU and said it would seek to stay a key European partner. The pound, already up more than 1 percent as May began a keenly-awaited speech […]

Bitcoin Quietly Doubles As Global Currency Markets Collapse

Bitcoin Quietly Doubles As Global Currency Markets Collapse

The price of bitcoin more than doubled in 2016! What is Bitcoin? It’s been a year since I argued that bitcoin was too big to fail, but it has only got stronger. And yet, you don’t have to look far to find a new death knell for the digital currency. These prognostications may be loud […]

Interbank Rate Now 50% On CBN Forex Sales

Interbank Rate Now 50% On CBN Forex Sales

Nigeria is in its first recession in 25 years, caused by low global oil prices, which have cut the supply of dollars needed to fund imports. The Interbank rate rose sharply to around 50 per cent on Friday, from an average of 4.5 per cent on Thursday, after the Central Bank of Nigeria debited commercial banks’ […]

Spanish Banks To Pay Customers $4.2 billion After European Court’s Loan Ruling

After Europe’s top court unexpectedly overturned a Spanish ruling that capped liabilities relating to a disputed mortgage clause, Spanish banks have been asked to repay customers more than 4 billion euros ($4.2 billion). This however, poses new challenge to some lenders. Banks will have to compensate customers for what they lost even before May 2013, when […]

Japan Now Largest Holder Of U.S. Treasuries Over China

Japan Now Largest Holder Of U.S. Treasuries Over China

Japan overtook China as America’s top foreign creditor, as its holdings edged down at a slower pace. China’s holdings of U.S. Treasuries declined to the lowest in more than six years as the world’s second-largest economy uses its currency reserves to support the yuan.  A monthly Treasury Department report showed China held $1.12 trillion in […]

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