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TSA Scandal: Aggrieved banks to sue whistleblower

TESLIM SHITTA-BEY| Anxiety that rose in financial service circles last week over speculations that the Central Bank of Nigeria was preparing to withdraw about $793 million dollars (N242 billion) from the coffers of seven local banks for their non-remittance or ‘hiding’ of Treasury Single Account (TSA) funds belonging to the federal government has More...

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By Vera Olubi On Monday, July 17th, 2017
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NASS, Executive rift portends danger to 2017 budget

  EMEKA EJERE |  With the 2017 Appropriation Bill only recently signed into law by Acting President Yemi Osinbajo, there are growing concerns that the effort being made by the Federal Government to take the economy More...

By Vera Olubi On Monday, July 10th, 2017
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Experts urge extension of Anchor project to other Agric areas

FELIX OLOYEDE|   Experts have called on the Central Bank of Nigeria, CBN, to extend the success the Anchor Borrowers Programme (ABP) has recorded in rice production in the country to other agricultural products. The More...

By hallmarknews On Wednesday, December 21st, 2016
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NDIC, CBN set up committee to study digital currency

  The Managing Director, Nigeria Deposit Insurance Commission (NDIC), Alhaji Umaru Ibrahim, has said that the commission and CBN had set up a committee to look into the trending “digital currency, ‘Bitcoin’. Ibrahim More...

By hallmarknews On Wednesday, December 21st, 2016
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Union Bank: The stallion reawakens

  After a half century era of dominance of the local banking system up until the mid-1980’s, the bank has gradually seen its relative market disappear. Nevertheless, in the last two years, the institution More...

By hallmarknews On Tuesday, September 6th, 2016
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NAICOM, CBN at war over bancassurance

A serious dispute between the National Insurance Commission (NAICOM) and the Central Bank of Nigeria (CBN) over the right model for the implementation of bancassurance in Nigeria last week recorded casualties. The More...

By hallmarknews On Tuesday, August 16th, 2016
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SUN TRUST BANK DEBUTS IN UNCERTAIN MARKET

Story by Okey Onyenweaku   | SUN TRUST Bank, yesterday opened its doors for business to the public at its Lagos head office. The bank’s management said it was operating a branchless financial institution which More...

By hallmarknews On Monday, August 15th, 2016
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AMCON losses widen in  2015 on asset write-downs

The Assetment Management Company of Nigeria (AMCON) last week revealed that it posted a 2015 loss of N304.35 billion, wider than last year’s loss of N275.49, after it wrote-down the value of collateral recovered More...

By hallmarknews On Monday, August 15th, 2016
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Diamond Bank might raise new capital, sell some assets — CEO

Diamond Bank is considering raising fresh capital and selling some assets in order to strengthen its capital base, its chief executive said on Wednesday. Uzoma Dozie said the bank’s capital plan will ensure More...

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