Coronation Merchant Bank CRO emerges RIMAN President

Nnoka Magnus, newly elected RIMAN President The Chief Risk Officer of Coronation Merchant Bank; Mr. Magnus Nnoka has been elected as the president of the Risk Management Association of Nigeria (RIMAN). His election  took place  at the 18th Annual International Conference and Annual General meeting of the Association which took place recently at the More...

by Felix OLOYEDE | Published 13 hours ago
By Felix OLOYEDE On Tuesday, June 19th, 2018

Anxiety mounts over U.S. interest rate hike

…expect capital flight, experts warn FELIX OLOYEDE CBN Gov Emefiele and Finance Minister Adeosun There is growing concern over the effects of U.S. Federal Reserve’s decision to raise its benchmark interest rate, More...

By Felix OLOYEDE On Wednesday, June 13th, 2018

CBN may raise rates by fourth quarter, says Coronation Merchant Bank

FELIX OLOYEDE Contrary to the expectation of many for an interest rate cut, the Central Bank of Nigeria may actually raise rates by the fourth quarter of 2018, says the latest report from Coronation Merchant Bank. In More...

By Felix OLOYEDE On Monday, June 4th, 2018

CBN cuts BDCs’ forex rate as ABCON pledges support for single rate

FELIX OLOYEDE Godwin Emefile, CBN Governor In a bid to further ensure stability in the country’s foreign exchange market, the Central Bank of Nigeria (CBN) has reduced the rate it sells dollars to Bureau de changes More...

By Felix OLOYEDE On Sunday, May 27th, 2018

Sterling Bank introduces new auto loan scheme

Abubakar Suleiman, CEO, Sterling Bank Sterling Bank Plc has partnered with Tata Africa Services Limited to unveil a revolutionary auto loan scheme, which offers free spare parts and attractive discounts to business More...

By Felix OLOYEDE On Wednesday, May 23rd, 2018

New CIBN president tasks banks on risk management, corporate governance   

FELIX OLOYEDE Dr. Uche Olowu, 20th president, Chartered Institute of Bankers of Nigeria (CIBN). Financial institutions in the country have to device strategies to address the issue of poor risk management and corporate More...

By Felix OLOYEDE On Sunday, May 13th, 2018

Heritage Bank, CBN, ICC brainstorm on global trade operation systems

Heritage Bank Plc. has hosted the May 2018 edition of the bankinng technique and practice meeting of the International Chamber of Commerce Nigeria. The meeting held at the Victoria Island Office of Heritage Bank More...

By Felix OLOYEDE On Tuesday, May 1st, 2018

No fire in our head office, says CBN

The Central Bank of Nigeria (CBN) has debunked reports that its head office was on fire on Tuesday. In a release signed by its Director of Corporate Affairs, Isaac Okorafor, the regulator claimed passers by who More...

By Uchenna Ajah On Monday, April 30th, 2018

Banks low risk assets stunts Q1 results

By FELIX OLOYEDE Low fixed income yields and slower growth in loans and advances have stunted first quarter (Q1) performance of Nigeria’s slowly recovering financial sector. In what analysts see as a tonal change More...