MONEY MARKET

  Sterling Bank Plc will on Wednesday September 21 hosts the second phase of its Micro, Small, and Medium Enterprises (MSME) workshop in Ibadan. It would be recalled that the bank had organized similar workshops in Lagos, Port Harcourt, Kaduna and Onitsha with over 300 MSME members trained. Similar workshop...

The Nigeria's overnight naira interbank lending rate rose sharply to an average of 40 per cent on Friday, up from 15 per cent last week after the Central Bank of Nigeria (CBN) debited commercial lenders' accounts for treasury bills and bonds purchases. According to Reuters report monitored by Business247 News...

Unity Bank Plc said it has sacked 215 of its employees and hired 200 as part of its reengineering strategy for greater performance. The lender in a statement obtained by our correspondent said about 100 other staff were promoted recently in its repositioning drive with the attraction of specialist skills...

Nigeria raised 121 billion naira ($372.88 million) in an auction of local-currency bonds on Wednesday, with yields higher across the board, the Debt Management Office (DMO) said on Thursday. According to Reuters report monitored in Lagos by Business247 News Online, the debt office sold 15 billion naira of 2021 paper...

The Central Bank of Nigeria (CBN) has revealed that the total number of individual customers in the banks industry has hit 59.9 million as at August 23 2016, while the number of Bank Verification Numbers (BVN) linked to customers’ accounts was 36.7 million The above disclosure quickly exposes the fact...

The Access Bank UK Limited, a wholly-owned subsidiary of Access Bank Plc, a Nigerian Stock Exchange-listed company, expects to see strong growth in its trade finance business linking the Middle East region with Nigeria and other Sub-Saharan markets, Jamie Simmonds, CEO at The Access Bank UK told Gulf News in...

Zenith Bank Plc and First Bank of Nigeria (FBN) Holdings Plc have stronger liquidity ratio required by Central Bank of Nigeria (CBN) to absorb a reasonable shock from customers’ emergency withdrawal. Liquidity ratios are a class of financial metrics used to determine a bank’s ability to pay off its short-term...

Pan-African banking group, United Bank for Africa (UBA) Plc at the weekend carted home two very important laurels at the annual Businessday Banking Awards, winning the Best Bank in Sub-Saharan Africa and the Best Bank in support of Agriculture. The first award, the “Best Bank in sub-Saharan Africa award is...

Access Bank Plc has emerged the best bank in Nigeria for the year 2016. The announcement was made by the Award Committee at this year’s BusinessDay Annual Banking Awards which held at the Eko Hotels on Friday night. As a confirmation of an exceptional performance in 2015, Access Bank’s Group...

The Chartered Institute of Bankers of Nigeria (CIBN) and the Central Bank of Nigeria (CBN) have x-rayed possible reforms and strategies to revive Nigeria's economy. The reforms which were mentioned at the 10th Annual Banking and Finance Conference highlighted possible strategies that could be adopted in driving production of local...