BUSINESS NEWS

• Sterling Bank To Record Profit Loss In Q4 2020

  5 days ago - by Olalekan Fakoyejo

  Sterling Bank has released its earnings forecast for the fourth quarter of this year. The lender projected it will generate NGN46.7 billion in gross e...

• Bank CEOs Denounce Nigerian Economic Group Over Criticism Of CBN

  6 days ago - by Olalekan Fakoyejo

  Some Nigerian bank Chief Executive Officers have criticised the Nigerian Economic Summit Group (NESG) for its criticism of policies made by the Centra...

• Fidelity Bank CEO, Nneka Onyeali-Ikpe, Linked To Amnesty Fraud

  1 week ago - by Olalekan Fakoyejo

  The newly appointed Chief Executive Officer designate of Fidelity Bank, Nneka Onyeali-Ikpe, has been linked to the fraud discovered in the Presidentia...

• Banks Indirectly Enriching Bureau De Change Operators At POS Operators' Det...

  1 month ago - by Olalekan Fakoyejo

  The COVID-19 measures adopted by Nigerian banks are enriching the Bureau de Change operators in Lagos at the detriment of POS operators. Since the ban...

• Bureau De Change Offers CBN Lifeline Over Scarcity Of Forex

  1 month ago - by Olalekan Fakoyejo

  The president of Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, has offered a solution to the Central Bank of Nigeria (C...

• Nigerian Banks Cancel Customers' Loan Worth N1.9trn

  1 month ago - by Olalekan Fakoyejo

  Over N1.9 trillion bad loans have been cancelled by commercials banks and merchant banks in Nigeria since the recession of 2015/2016, a new report by ...

• What You Need To Know As Access Bank Offers SMEs COVID-19 Loan

  1 month ago - by Olalekan Fakoyejo

  Small and medium-sized enterprises (SMEs) in Nigeria will be opportuned to obtain loans from Access Bank for their business operation after the Nigeri...

• CBN Restructures Over 35,000 Customers' Loans In 22 Banks

  1 month ago - by Olalekan Fakoyejo

  The Central Bank of Nigeria (CBN) has restructured the loans of 35,640 customers in order to left the loan burden on them amidst the current economic ...

• Access Bank, GTBank, Others Will Start Deducting Debtors Money From Other B...

  2 months ago - by Olalekan Fakoyejo

    The Central Bank of Nigeria (CBN) has released a directive that will now enable Nigerian banks to go after debtors' accounts in other ba...

• CRC Credit Bureau Makes Board Changes, Appoint New Chairman, Vice

  2 months ago - by Olalekan Fakoyejo

    New chairman and vice chairman of CRC Credit Bureau Limited has been appointed by the Board of Directors of the company. CRC Credit Bureau a...

• Ecobank Appoints Alain Nkontchou, Co-founder Enko Capital Management As New...

  2 months ago - by Olalekan Fakoyejo

    Alain Nkontchou, the co-founder of asset management company, Enko Capital Management LLP, has been appointed as the new Chairman of the boar...

• Here's What You Need To Know As CBN Gives Stirling Trust Cash-In-Transit Li...

  2 months ago - by Olalekan Fakoyejo

    The Central Bank of Nigeria (CBN) has given Stirling Trust Company Limited license to operate cash-in-transit operations in Nigeria. The CBN...

• CBN Devalues Naira To N380 Three Months After First Devaluation

  2 months ago - by Olalekan Fakoyejo

  The Central Bank of Nigeria (CBN) has reportedly devalued the naira again, three months after the last devaluation took Naira from N307 to N360 a doll...

• Naira Depreciates To Lowest In Week At I&E Market, Remains Stagnant In Blac...

  2 months ago - by Olalekan Fakoyejo

  Naira depreciated at the Investors & Exporters window yesterday, Tuesday, picking up 50 kobo to close at N386.50 kobo to one dollar after opening ...

• Cryptocurrency Merger & Acquisition Deals Rise Amid Struggle For Approval I...

  2 months ago - by Olalekan Fakoyejo

  New report has shown that a total of 129 merger and acquisition (M&A) deals have been conducted globally since the inception of the cryptocurrency...