CBN dispels fears over declining reserves

Isaac Okoroafor, CBN spokesman The Central Bank of Nigeria (CBN) has reiterated that Nigerians have no reason to panic over the current drop in the country’s foreign reserves. Nigeria’s stood at N44.03 billion on Tuesday, having reached N47.8 billion in June, but the apex bank believes the current reserves could sustain the country’s six months More...

by Felix OLOYEDE | Published 1 month ago
By Felix OLOYEDE On Tuesday, October 2nd, 2018
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Adewale retires as Union Bank CFO

Yinkan Adewale, retired Union Bank CFO After six years as an Executive Director and Chief Financial Officer (CFO) of Union Bank of Nigeria (Union Bank), Mrs. Oyinkan Adewale has retired from the bank. Mrs. Adewale More...

By Felix OLOYEDE On Monday, October 1st, 2018
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Ecobank: Tough times and battle for survival

Patrick Akinwuntan, CEO, Ecobank Nigeria By TESLIM SHITTA-BEY Depressed demand and a drop in local consumer spending have combined to squash top line earnings for continental banking giant, Ecobank Trans International, More...

By Felix OLOYEDE On Sunday, September 30th, 2018
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Access Bank pushes for digital dominance

  Herbert Wigwe, GMD, Access Bank By OKEY ONYENWEAKU In a move that appears to be designed to push the bank to the top of the pile of technology adopters in the financial service industry in Nigeria, Herbert More...

By Felix OLOYEDE On Saturday, September 29th, 2018
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Adebise resumes as Wema Bank MD on Oct. 1

Ademola Adebise, new MD, Wema Bank Ademola Adebise would take over as the new managing director of Wema Bank on October 1, 2018, following the retirement of Segun Oloketuyi in September 2018, the bank said a release More...

By Felix OLOYEDE On Saturday, September 29th, 2018
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Nigerian equity market appreciates 0.7% this week

The Nigerian Stock (NSE) posted a better performance during this week’s trading session than the previous week as the NSE All-Share Index and Market Capitalization appreciated by 0.70 per cent to close at 32,766.37 More...

By Felix OLOYEDE On Wednesday, September 26th, 2018
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Fee income pushes Fidelity Bank profit up 31% in H1 2018

Nnamdi Okonkwo, CEO, Fidelity Bank Plc FELIX OLOYEDE Double digit growth in earning assets, deposits and fee income spurred Fidelity Bank to improve its profit in the first six months of 2018. The Bank grew its More...

By Felix OLOYEDE On Tuesday, September 25th, 2018
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RMB seeks improved awareness on financial inclusion

The Chief Operating Officer of Rand Merchant Bank Nigeria (RMB), Mr. Funso Odukoya, has called for increased awareness on issues around financial inclusion in the country. Odukoya spoke during a panel session at More...

By Felix OLOYEDE On Tuesday, September 25th, 2018
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NDIC MD Emerges IADI Africa Regional Committee Chair

L-R: Former CEO, Deposit Protection Corporation of Zimbabwe, John Chikura and NDIC, MD/CE Umaru Ibrahim The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, More...