MONEY MARKET

Access Bank Plc has emerged the winner at the inaugural Nigeria Sustainable Banking Awards convened by the Central Bank of Nigeria (CBN) in recognition of its outstanding success and leadership in Nigeria’s sustainable development. The award  which took place in Lagos recently cut across four categories and were all won...

Ecobank Nigeria has unveiled Ecobank Xpress Account, a flagship digital product that will take banking to the grassroots. The Ecobank Xpress Account is a Digital Account that is mobile based. It is simple and does not require any form of documentation for opening, therefore, making it easy and convenient for...

Access Bank Plc has upgraded its mobile and internet banking platforms to provide an Omnichannel experience alongside a range of new and exciting features. The Omnichannel experience simply means customers of the 2017 Karlsruhe Outstanding Business Sustainability Award winner would enjoy a seamless and consistent interaction with the Bank across...

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Saturday said that the bank would continue to support measures that would deepen penetration of financial services in the country. Emefiele Emefiele said while delivering a welcome address at the 9th annual Bankers Committee Retreat in Lagos....

  Targets becoming Africa’s Gateway to the World Access Bank, the full service commercial bank with headquarters in Nigeria and operations across Sub-Saharan Africa, the UK, Asia and the Middle East, today (Monday) announced its new five-year strategy with an ambitious plan to become Africa’s Gateway to the World. This...

    The Central Bank of Nigeria (CBN) on Tuesday injected $210 million to boost liquidity in the inter-bank foreign exchange market. Acting Director, Corporate Communications Department, CBN, Mr Isaac Okorafor said $100million of the amount was offered to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment...

The Nigerian Deposit Insurance Corporation (NDIC) has as blamed most of the non-performing loans by the deposit money banks on the directors of the institutions. Director, Bank Examination Department of the NDIC, Mr A.A Adeleke, who said this was disclosed from its examinations revealed this while speaking on the topic,...

FCMB Group Plc reported a profit before tax (PBT) of N6.8 billion for the nine months ended 30 September 2017, representing a 64 per cent increase over the performance of the second quarter ended June 30, 2017. The group is a holding company with subsidiaries including First City Monument Bank...

The Nigerian Deposit Insurance Corporation (NDIC) has again warned Nigerians against the risk involved in trading with digital currencies not issued by the Central Bank of Nigeria (CBN). The Director Research, Policy and International Relations, NDIC, Mohammed Umar, said this at the weekend in Kano while speaking at a two-day...

Moody's Investors Service (Moody's) has downgraded to B2 from B1 the long-term local currency deposit and issuer ratings of four Nigerian banks in its latest ranking released on Friday. The affected banks are Access Bank Plc, Guaranty Trust Bank Plc, United Bank for Africa Plc and Zenith Bank Plc and...