Home » Archives by category » Banks Management (Page 3)

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 […]

CBN & NIBBS Reiterate Commitment To Cashless Policy

CBN & NIBBS Reiterate Commitment To Cashless Policy

The Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement System (NIBSS) have reiterated their commitments towards ensuring that the objectives of the cashless policy in Nigeria are realised. Speaking at the Electronic Payment Incentive Scheme (EPIS) 2016 Efficiency Awards recently in Lagos, Deputy Governor, Operations Directorate, CBN, Dr. Adebayo Adelabu, noted that having recorded […]

Fidelity Bank: Reiterates Support For Agric Value Chain Funding

Fidelity Bank: Reiterates Support For Agric Value Chain Funding

Fidelity Bank Plc has pledged to support ongoing efforts aimed at strengthening Nigeria’s agricultural value-chain by providing innovative funding schemes and technical advisory services to Micro Small and Medium Scale Enterprises (MSMEs) and commercial agri-business projects.   The bank’s Head, Agric Division, Omobola Odubanjo disclosed this in a keynote address at a breakfast meeting organised […]

Firstbank Launches Modern Lounge For Lagos International Airport’s

Firstbank Launches Modern Lounge For Lagos International Airport’s

The First Bank of Nigeria has launched the FirstlLounge at the Murtala Mohammed airport, Lagos. Speaking at the event was the managing director, FirstBank Bank, Dr. Adesola Adeduntan who said, “our cardinal principle at first bank is to always put customers, all our clients and other stake holders first; If you look around, with what we […]

Naira Strengthens To N435/$ On CBN Dollar Glut

Naira Strengthens To N435/$ On CBN Dollar Glut

The naira continued to strengthen on the parallel market on Monday to close at N435 to the dollar, stronger than N450 to the dollar at which it closed last Friday, as the Central Bank of Nigeria (CBN) continued to relentlessly pump the greenbank into the interbank foreign exchange market to meet the demand of bank […]

CBN Sells $180 Million Forex To Boost Liquidity

CBN Sells $180 Million Forex To Boost Liquidity

The Central Bank of Nigeria (CBN) yesterday released additional $180 million to the forex market to further ease business transactions in the country.   The intervention was done in two phases – an $80 million offer for Personal Travel Allowance (PTA), school fees and medicals at the inter-bank market and $100 million Wholesale Forwards Market […]

Heavy Loss For Speculators As Dollar Continues To Fall

Heavy Loss For Speculators As Dollar Continues To Fall

Speculators and naira traffickers have gotten their fingers severely burnt as the naira sustained its upswing against the U.S. dollar on the parallel market yesterday. It closed at N450/$, stronger than the N480 to the dollar from the previous day on renewed confidence in the forex market, gaining N75 in just three days as a […]

The Central Bank Strikes Back – Naira War

The Central Bank Strikes Back – Naira War

The Central Bank has found new muscle with the introduction of its new FX policy. The policy will see all banks receive a total of $20m weekly, to sell to the public at N375 /$1 thereby reducing the pressure on the parallel market. CBN suffered the humiliation of not being able to respond to the […]

N20b Green Bond For 1.1m Beneficiaries

N20b Green Bond For 1.1m Beneficiaries

Nigeria plans to float Africa’s first sovereign green bond in March to raise N20 billion for environment-friendly infrastructure. To benefit are  44 universities and more than 1.1 million people in various communities. The proceeds of green bond must be applied to environment and climate-friendly projects.Acting President Yemi Osinbajo, who spoke at the investors’ conference for […]

CBN Reintroduces Charges On Cash Deposits, Withdrawals

CBN Reintroduces Charges On Cash Deposits, Withdrawals

The Central Bank of Nigeria had announced the reintroduction of bank charges on certain categories of cash deposits and withdrawals on Thursday.   This came about three years after the apex bank stopped the charges. In a circular to all Deposit Money Banks posted on its website, the regulator said the decision to reintroduce the charges […]

Contact Us
Call +234 813 069 1462