Bank & Finance

May 22, 2019
United Bank for Africa (UBA) has asked Justice Mohammed Liman, presiding over a Federal High Court in Lagos to dismiss a motion filed by a Petroleum Resources firm, Sahara Energy…
May 22, 2019
Mr Moses Garuba, Commandant General, Federal Task Force (FTF) has reiterated the commitment of the unit to boost revenue for the Federal Government. Garuba stated this during a Public Hearing…
May 19, 2019
MTN Nigeria Communications Plc on Friday signed a seven-year 200 billion naira medium term facility with a consortium of seven mostly local banks. The company stated this in a statement…
May 18, 2019
Inland Revenue Service (FIRS), Mr Babatunde Fowler, addressing delegates at a high-level meeting on “International Cooperation to Combat Illicit Financial Flows and Strengthen Good Practices on Assets Return” convened by…
May 17, 2019
The Central Bank of Nigeria (CBN) on Thursday set up a committee for the revival of the country’s cotton, textile and garment industry. This followed the earlier restriction of official…
May 17, 2019
In a bid to support the further growth of SMEs in South Africa, Maersk has announced plans to offer digital trade finance in South Africa. Global Head of Trade Finance…
May 13, 2019
Pakistan has secured a six-billion-dollar bailout package from the International Monetary Fund (IMF) to revive the South Asian economy which faces a balance-of-payment crisis. The agreement was reached between Pakistan’s…
May 07, 2019
The Nigerian Electronic Fraud Forum, NeFF, has disclosed that that a total of 63,895 bank customers in Nigeria between 2017 and 2018, lost N3.6bn to cyberfraud. This was disclosed by…
May 03, 2019
Interswitch Group, the Nigeria Pan-African integrated digital payments and commerce company, has signed a multi-billion Naira deal with Bekoz UK Ltd, a British transport ticketing company, to enhance transportation ticketing…
Apr 30, 2019
Access Bank Plc has declared the sum of N14.463 billion as dividend payable to its shareholders for the year ended December 31, 2018. This was disclosed at the 30th Annual…
Apr 29, 2019
As part of efforts to end the circulation of dirty, mutilated and counterfeit banknotes, the Central Bank of Nigeria (CBN) has put together a Clean Note Policy and Banknote Fitness…
Apr 26, 2019
The African Development Bank (AfDB) has signed a 50 million dollars Risk Participation Agreement (RPA) with investment and corporate bank Natixis to boost trade finance in Africa. A statement by…
Apr 27, 2019
The Federal Government of Nigeria has said it would embark on aggressive tax collection to increase revenue from the non-oil sector. This was disclosed by President Muhammadu Buhari on Wednesday…
Apr 26, 2019
The Central Bank of Nigeria, CBN, Wednesday, continued its intervention in the internet-bank segment of foreign exchange market as it injected another $210 million. According to the CBN, authorised dealers…
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