Bank

Court bars FG from deducting $418m from states’ accounts

The Federal High Court in Abuja has stopped the Federal Government from deducting $418 million from the bank accounts of…

5 years ago

Bank employee faces N2.1m theft charge in Lagos

An employee of a microfinance bank, Titilayo Bolude, was arraigned on Thursday in a district court in Ejigbo, Lagos, for…

5 years ago

FCMB investors lose 9.31% this year as profit down by 22% in H1 2021

FCMB investors have seen almost 10% of their investment eroded this year as the commercial lender underperformed in the first…

5 years ago

Agusto rates DBN ‘AAA’

The foremost credit rating agency, Agusto & Co. (“Agusto”) has assigned an “AAA” rating to the Development Bank of Nigeria…

5 years ago

ABCON promises to obey CBN directives on FX sales ban

Bureau De Change (BDCs) operators have promised to abide by all the directives of the Central Bank of Nigeria (CBN)…

5 years ago

FirstBank lifts Firstmonie agents with N100bn loan

Barely a year after the launch of its Agent Credit scheme, First Bank of Nigeria Limited, Nigeria’s leading financial inclusion…

5 years ago

Bank MD helped a former minister to launder $37m, says EFCC boss

Abdulrasheed Bawa, Chairman, Economic and Financial Crimes Commission (EFCC), has disclosed that a bank managing director connived with a former…

5 years ago

Afreximbank posts $ 83.7m profit in Q1 2021

The African Import-Export Bank (Afreximbank) reported a net profit of $ 87.3 million in the first quarter (Q1, 2021) of…

5 years ago

CBN sets new capital requirements for payment firms

The Central Bank of Nigeria (CBN), the country’s apex bank, has set new capital requirements for payment firms in the…

5 years ago

FirstBank confirms reconstitution of board

First Bank of Nigeria has confirmed the reconstitution of its Board of Directors by the Central Bank of Nigeria (CBN),…

5 years ago

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