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Osoka Replaces Onwuka As Enterprise Bank Chairman

October 16, 2013
Following the recent resignation of Mr Emeka Onwuka as chairman of the Board of Enterprise Bank Limited, the bank has announced the appointment of Sir Ogala Osoka as the new chairman.    Onwuka resigned his appointment on October 1, 2013, to enable him work with a group of investors...

Sanusi bags 2013 Central Bank Governor Award for Sub-Saharan Africa

October 13, 2013
Headline: Sanusi bags 2013 Central Bank Governor Award for Sub-Saharan Africa Dateline: Washington DCNAN-F-2 Award By Edith Nnaji Washington DC, Oct. 13, 2013 (NAN) The Central Bank (CBN) Governor, Malam Sanusi Lamido Sanusi, has bagged the 2013 Central Bank Governor Award for Sub-Saharan Africa...
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Global Credit Ratings Upgrades Ecobank Nigeria

October 13, 2013
Leading emerging market focused ratings agency, Global Credit Ratings (GCR), has upgraded the long-term national scale and affirmed the short term national scale issuer ratings assigned to Ecobank Nigeria to A-(NG) and A2 (NG) respectively implying that the bank is healthy, sound and has stable...
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World Bank To Reduce Poverty To 9% By 2020

October 10, 2013
As experts converged in Washington D.C. to proffer solutions to global  problems hindering economic growth and development across the world, the president of the World Bank Group, Jim Yong Kim, yesterday disclosed that the bank has set a clear target to reduce poverty to 9 per cent by the year...

CBN To Expose Fraudulent Financial Institutions

October 9, 2013
Financial institutions who commit regulatory infractions will have to face more than the sanctions stipulated in the Banks and Other Financial Institutions Act (BOFIA), the Central Bank of Nigeria (CBN) has revealed.According to the CBN deputy governor, Financial System Stability, Dr Kingsley...
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World Bank Bemoans Worsening Poverty, Inequality In Nigeria

Oct 8 2013 - 3:31pm
The World Bank Group has bemoaned the worsening rate of poverty and inequality in the African continent, despite that the economy in Nigeria and some other Sub-Saharan African (SSA) countries is...

Public Sector Deposits: N1.2trn Withdrawn From Banks

Oct 8 2013 - 4:02am
The Central Bank of Nigeria (CBN) has withdrawn a total of N242.75 billion, being 50 per cent public sector funds deposited in banks for the month of September 2013.The brings to a total of N1.2...
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UBA Signs Agreement To Deploy 450 ATMs In Nigeria

Oct 6 2013 - 2:33am
United Bank for Africa Plc (UBA), one of Africa’s leading financial institutions, and Computer Warehouse Group Plc (CWG), the leading pan African systems integration company, have signed an agreement...

First Bank wins ‘Great Place To Work’ In Nigeria Award

Oct 3 2013 - 4:49am
First Bank of Nigeria Limited and 27 other companies have been declared the best places to work in Nigeria on account of their strong ethical standards and work-friendly environment, the 2013 Great...

Enterprise Bank Chairman Resigns To Join Bidding Investors

Oct 2 2013 - 3:52am
The Chairman of the Board of Enterprise Bank Limited, Mr Emeka Onwuka, has resigned his appointment with effect from October 1, 2013.In a letter sent to the Asset Management Corporation of Nigeria (...

First Bank Denies Acquiring Ghanaian Bank

Sep 28 2013 - 3:20am
First Bank of Nigeria (FBN) said it is not true that it has acquired the International Commercial Bank (ICB) of Ghana from the bank’s financial holdings as reported recently in the media.In a...

World Bank Urges Stronger Ties Between Producers, Users Of Statistics

Sep 26 2013 - 6:28am
The World Bank Country Director, Ms Marie Francoise Marie-Nelly, has stressed the need for producers of  official statistics to engage actively with the user community to ensure that the data...

Ecobank, AGF Broker $50mn Deal For Devt Of SMEs

Sep 25 2013 - 4:07am
Pan-African banking group, Ecobank Transnational Incorporated (ETI) has brokered a $50 million deal with African Guarantee Fund (AGF) for the promotion and support of small businesses across Sub...

Sterling Bank Thrills Youths With Get Ready For Work Concert

Described as  the first and  biggest entrepreneurial and music concert till date, Sterling Bank last Friday, organised the “Get Ready for Work” concert, the first of its kind at the Nigeria...

Defunct Oceanic Bank Wants Court To Compel CBN, AMCON To Return Ibru’s N191 billion Forfeited Assets

Some aggrieved shareholders of the defunct Oceanic Bank Plc (now Eco Bank Plc) on Tuesday asked a Federal High Court in Lagos to compel the Central Bank of Nigeria (CBN) and the Assets Management...

CBN To Contribute N50bn To AMCON Sinking Fund

The Chairman, House of Representatives Committee on Banking and Currency, Jones Onyereri, said the Central Bank of Nigeria (CBN) would contribute N50 billion to the Assets Management Corporation (...

CBN Will Contribute N50bn To AMCON Sinking Fund - Chairman

The Chairman, House of Representatives Committee on Banking and Currency, Rep. Jones Onyereri, said the Central Bank of Nigeria (CBN) would contribute N50 billion to the Assets Management Corporation...

CBN Sensitises Kano Businessmen, Firms On Cashless Policy

Corporate bodies, traders and businessmen have been educated on the benefits of the cashless policy introduced in Kano State by the Central Bank of Nigeria (CBN).The apex bank said the state was...
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Jaiz Bank Opens 11th Branch In Zamfara

Jaiz Bank Plc, the first full-fledged non-interest bank in Nigeria opened its Gusau branch, Zamfara State yesterday, making it the eleventh branch it has since it started operations in January 2012....

Nexim Bank: Repositioning For Nigeria’s Non-Oil Exports

In recent decades, export competitiveness in the era of globalisation has been at the heart of domestic economic growth and development debates. Against the background of growing disparity in income...

Unity Bank Set To Reward Customers On Savings Promo

Unity bank Plc has concluded plans to hold draws to select the first group of winners in the second edition of its 3-in-1 Savings Advantage promo.      The first of the five...

UBA Introduces Instant Selectable PIN For Debit Cards

United Bank for Africa (UBA) Plc. has introduced an innovation in Card PIN management which allows Customers of the Bank immediately select their Personal Identification Numbers (PIN) for their Debit...

Special Cassava Export Credit Facility

The good times Nigerian farmers and exporters of agricultural products have been waiting for have been around for some time now with the special fund for cassava export, a special product of the...