BANKING

The Central Bank of Nigeria (CBN) has extended guarantees to Skye Bank for another year while it considers the bank’s recapitalisation proposal. The bank made this know in a statement on Tuesday. It would be recalled that in 2016, the CBN shored up Skye Bank with a N100 billion ($328...

Fidelity Bank Plc, one of Nigeria’s foremost financial institutions, has announced resumption of international transactions on debit cards and raised the monthly international spend limit on its Naira Visa Credit and Debit Cards to $1,000. The move is in response to customer needs and the improved foreign exchange liquidity in...

In pursuance of its mission to uplift the lives of the communities in which the United bank for Africa (Plc) operates, UBA Foundation’s initiative, Read Africa is visiting schools in African countries to encourage young children embrace the culture of reading. Read Africa is an initiative of UBA Foundation geared...

Lagos Business School in partnership with Duke Corporate Education (South Africa) is hosting an International Executive Development Programme (IEDP) for the Banking Sector Education and Training Authority (BANKSETA), in Lagos, Nigeria. The programme, which started on Monday, June 19, 2017, is currently immersing the participants through an action-based learning intervention...

Consistent with its commitment to build the next generation of sustainable Nigerian businesses, Fidelity Bank Plc in partnership with Empretec Nigerian Foundation has just concluded a graduate entrepreneurship training programme for 200 youths in Cross River State. This initiative is part of the next phase of the Bank’s entrepreneurship support...

As part of its commitment to reward participants with exciting prizes in its ongoing ‘Family Fortune Promo’, Access Bank Plc has delighted 20 of its customers who were the first set to take part in the Promo. The families were rewarded with gift items including rechargeable fans, microwave ovens among...

The President/Chairman of the Chartered Institute of Barkers of Nigeria (CIBN) Prof. Segun Ajibola, has said that the Institute was exploring new ways to forge a partnership with Skye Bank Plc and enhance economic growth. Ajibola, who dropped this hint when he led the council on a courtesy visit to...

Sterling Bank Plc has continued to receive commendations from communities where it activated the financial inclusion drive and promoted financial literacy during the just-ended World Savings Day (WSD). The 2016 WSD was held last week worldwide and Sterling Bank, a pioneer in financial literacy and inclusion, having launched the Agency...

Standard Bank Group, to which Stanbic IBTC belongs, has clinched two awards at the Global Private Banking Awards for 2016 by Professional Wealth Management (PWM) and The Banker Magazine. The bank was named the ‘Best Private Bank (Wealth and Investment) in Nigeria’ and the ‘Best Private Bank in Kenya,’ an...

The Nigeria Deposit Insurance Corporation (NDIC) has reassured Nigerians that the Deposit Money Banks (DMBs) in the country are healthy despite recession. Managing Director of NDIC, Alhaji Umaru Ibrahim who stressed this added that 90 per cent of depositors are covered by the corporation with the deposit insured limit pegged...