Naira strengthens to $/N361.65 at Investors’ FX Window

Naira appreciated 0.06 per cent to $/N361.65 at the Investors and Exporters (I&E) FX window on Friday, having opened at N361.65 and traded high at N365.00 before eventually bertheing at $/N361.65, A total of $355.90 million was transacted through the I&E window. The local currency  remained unchanged to closed at N306.75 against the previous More...

by Felix OLOYEDE | Published 3 days ago
By Felix OLOYEDE On Friday, February 15th, 2019
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Access Bank/Diamond Bank merger to attract foreign opportunities, says Wigwe

Herbert Wigwe, GMD, Access Bank Access Bank Plc will leverage on its merger with Diamond Bank to attract more opportunities from international partners, the bank’s Group Managing Director, with Mr. Herbert Wigwe More...

By Felix OLOYEDE On Monday, February 11th, 2019
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Anxiety in banks over $7bn CBN deposit: It’s political witch hunt—Mailafia

CBN Governor Godwin Emefiele By UCHE CHRIS In early October of 2006 the CBN Governor brought a prayer to the board to allow some of our banks participate in foreign reserves management instead of making it the exclusive More...

By Felix OLOYEDE On Monday, February 4th, 2019
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Across the counter: In Diamond banking halls…life goes on

Based on the agreement reached by the boards of the two financial institutions, Diamond Bank shareholders will receive N3.13 per share, comprising of N1.00 per share in cash and the allotment of two Access Bank More...

By Felix OLOYEDE On Thursday, January 31st, 2019
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Union Bank launches TechVentures to support tech-based businesses

From Right- Ogochukwu Ekezie-Ekaidem, Head Corporate Communications and Marketing; Adekunle Sonola, Head Commercial Banking and Ehi Ojeh, Strategy Manager/Innovation Lead at the launch of TechVentures by Union Bank More...

By Felix OLOYEDE On Sunday, January 27th, 2019
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DBN exceeds first year projections

Managing Director, Development Bank of Nigeria (DBN), Mr. Tony Okpanachi The Managing Director, Development Bank of Nigeria (DBN), Mr. Tony Okpanachi recently disclosed that the bank in its first year of operations More...

By Felix OLOYEDE On Friday, January 25th, 2019
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Access Bank postpones Diamond takeover by two months

Access Bank and Diamond Bank announced in December that they were going into merger Access Bank Plc, which plans to buy Diamond Bank Plc to become Africa’s largest retail lender by customers, said it will conclude More...

By Felix OLOYEDE On Friday, January 18th, 2019
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Oteh joins Ecobank’s board

Arunma Oteh, goes to Ecobank with a wealth of experience Ecobank Transnational Incorporated (ETI) has appointed Arunma Oteh, former Director-Director, Security Exchange Commission, into its Board of Directors as More...

By Felix OLOYEDE On Thursday, January 17th, 2019
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CBN boosts financial inclusion with new policy frameworks

Godwin Emefiele, CBN Governor The Central Bank of Nigeria (CBN) has rolled out measures to ensure that at least 80 per cent of Nigerians have access to banking and other financial services. The apex bank also on More...