MONEY MARKET

Says there’s no plan to sell Skye Bank The Central Bank of Nigeria (CBN) has provided a loan to Skye Bank Plc to boost its liquidity after the lender breached requirements on capital and lending. The short-term lending facility will allow new management to “ensure that some withdrawals it suffered...

  Fidelity Bank Plc, one of the country’s most diversified financial institutions, has been adjudged the “Best Green Partner 2015” by the Lagos State Government at the recently concluded 2016 Tree Planting Day. The organisers of the event said that the bank was given the award in recognition of its...

  Deposits from customers drops by 11% Loans and advances to customers fell by 7% AMCON levy hits N904m in six-month Wema Bank Plc’s unaudited result for the six-month ended June 30th, 2016 has shown that the bank recorded a 11 per cent growth in profit before tax. The bank’s...

Zenith Bank Plc has been named as Nigeria’s most customer-focused bank by KPMG the leading advisory and consultancy firm. KPMG in its 2016 edition of the annual banking industry Customer Satisfaction Survey recently released, Zenith topped other Nigerian banks in the Customer Satisfaction Index (CSI) with a total of 74.6...

The outgoing Group Managing Director (GMD), United Bank for Africa Plc (UBA), Philip Oduoza, will on Friday July 22 delivers the fourth Chartered Institute of Bankers of Nigeria's (CIBN) valedictory lecture having had an eventful career at UBA. CIBN in a statement said, “in view of having achieved a remarkable,...

Sterling Bank Plc has ended talks to buy Keystone Bank Limited after finding it an unsuitable fit and is now focused on raising funds as it considers other acquisitions, its Chief Finance Officer, Abubakar Suleiman, said on Tuesday according to Reuter’s report. “We reviewed Keystone Bank and concluded the strategic...

Ecobank Transnational Incorporated (ETI), its Nigerian subsidiary Ecobank Nigeria and the Bank of Industry (BoI) have signed a memorandum of understanding to cooperate in deepening financial services delivery to micro, small and medium enterprises in Nigeria. A statement from the bank explained that the partnership has the potential of bringing...

Niyi Olaoye The United Bank of Africa UBA has become the card issuer for MasterCard in 18 markets in Africa, which enables the bank to issue MasterCard credit, debit and prepaid cards across these markets. The partnership will also focus on increased payments infrastructure across Africa, including the roll out...

…shareholders may receive interim dividend  Shareholders who invested in Guaranty Trust Bank Plc (GTBank) may received interim dividend for the half year ended June 30, 2016. The board of directors however set to meet on Wednesday, July 30, 2016 to discussed Issue relating to interim dividend, 2016 half year results...

Barely a week after winning the 2016 Euromoney “Best Bank Transformation” Award in London, Access Bank Plc has just received the award for the “Outstanding Business Sustainability” in the 2016 Karlsruhe Sustainable Finance Awards in Germany. The award, presented to the Bank in Karlsruhe, Germany’s most sustainable city, recognizes the...