Keystone Bank more than doubles rate on CBN intervention funds

By Bashir Olanrewaju Keystone Bank unilaterally imposed higher interest rates on some recipients of Central Bank of Nigeria (CBN) intervention funds … More

Bank Heists in the Digital Era: a Customer’s Woes at FCMB

These days criminals can breach the computer systems of financial institutions to reach the digital equivalents of the good, old vaults, and move large sums of money that would’ve made the bank robbers of old quite envious.

Nigeria Central Bank’s Perspective on Open Banking 

Nigeria Central Bank’s Perspective on Open Banking By Charles Ogbonna The Central Bank of Nigeria (CBN) recently unveiled a document … More

PAPSS, the Pan-African Payments System: What You Must Know

PAPSS, the African Payments System: What You Must Know By Chuks Emele The Pan-African Payments and Settlements System (PAPSS) went … More

Stanbic IBTC Applies to Regulators for Fintech Subdidiary

Stanbic IBTC Applies to Regulators for Fintech Subdidiary By Chuks Emele Stanbic IBTC has applied for regulatory approval to set … More

Union Bank Goes to Titan as Owners Sign Deal to Divest

Union Bank Goes to Titan as Owners Sign Deal to Divest By Bashir Olanrewaju Union Bank Plc, Nigeria’s second-oldest bank, … More

CBN Mandates Watchlist for Banking Infractions

CBN Mandates Watchlist for Banking Infractions By Sahabi Abdul The Central Bank of Nigeria has mandated the creation of a … More

Access Bank’s $500 Million Eurobond Oversubscribed

Listen to this story. Access Bank’s $500 Million Eurobond oversubscribed By Sahabi Abdul Access Bank said a successful pricing of … More

CBN Intervenes at First Bank, Dissolves Board

By Bashir Olanrewaju The Central Bank of Nigeria intervened at the the country’s oldest bank by dissolving it’s board of … More

The Bad Example of Zenith Bank

The Bad Example of Zenith Bank By Dulue Mbachu When the news broke some weeks ago that Zenith Bank had … More

Court Grants Request to Freeze 193 Accounts Over Alleged Forex Fraud

Court Grants CBN Request to Freeze 193 Accounts Over Alleged Forex Fraud By Sahabi Abdul Nigeria’s federal high Court in … More

Markets at a Glance

Markets at a Glance Thursday, 25 March 2021. EQUITIES The All-Share Index rose 0.53% to39,293.14 with market capitalization at 20.55 … More

New Cheque Design Takes Effect April 1

By Bashir Olanrewaju The current cheque design used in Nigeria’s banking system will finally be phased out by April when … More

Markets at a Glance

Friday, 5 February 2021 EQUITIES • The All-Share Index fell 0.18% to41,709.09 with market capitalization at 21.81 trillion naira. • … More

Markets at a Glance

Thursday, 4 February 2021 EQUITIES • The All-Share Index fell 0.51% to41,785.80 with market capitalization at 21.85 trillion naira. • … More

Markets at a Glance

Wednesday, 3 February 2020 EQUITIES • The All-Share Index fell 0.10% to42, 000.01 with market capitalization at 21.97 trillion naira. … More

Markets at a Glance

Tuesday, 2 February 2021 EQUITIES • The All-Share Index fell 0.74% to42, 043.79 with market capitalization at 21.9 trillion naira. … More

Markets at a Glance

Monday, 1 February 2021 EQUITIES • The All-Share Index fell 0.13% to42, 357.90 with market capitalization at 22.15 trillion naira. … More

Markets at a Glance

Friday, 29 January 2021 EQUITIES • The All-Share Index rose 0.58% to42, 412.66 with market capitalization at 22.18 trillion naira. … More

Markets at a Glance

Thursday, 28 January 2021 EQUITIES • The All-Share Index rose 0.57% to 42,169.41 with market capitalization at 22 trillion naira. … More