Moody’s predict stable outlook for Nigerian banks as higher oil prices moderate foreign currency risks
Moody's predict stable outlook for Nigerian banks as higher oil prices moderate foreign currency risks The outlook for the Nigerian banking system remains stable as banks' foreign currency liquidity…
Naira eases as investors repatriate dividend
Naira eases as investors repatriate dividend Naira eased to N362 to the dollar for investors on Tuesday as funds repatriate dividends abroad following the end of the earnings season…
Heritage Bank restates commitment to agric development
Heritage Bank restates commitment to agric development Heritage Bank Plc has said it is committed to the sustenance, growth and development of Nigeria’s agricultural sector. Divisional Head of Corporate…
CBN to remove bank executives if annual accounts not release
CBN to remove bank executives if annual accounts not release Central Bank of Nigeria (CBN) is planing to introduce regulations that will enable it to remove bank executives if…
Fidelity Bank may issue local debt to boost lending
Fidelity Bank may issue local debt to boost lending Fidelity Bank Plc is considering issuing local debt to raise funds to boost lending and has increased provisions against indebted…
Diamond Bank divests 100% holding in UK subsidiary; to focus on Nigeria
Diamond Bank divests 100% holding in UK subsidiary; to focus on Nigeria Diamond Bank Plc has signed a share sale and purchase agreement with a member of GFG Alliance,…
Heritage Bank partners CeLD Innovations to launch Cashtoken
Heritage Bank partners CeLD Innovations to launch Cashtoken Heritage Bank Plc, Nigeria’s Most Innovative Banking Service Provider has partnered with CeLD Innovations to launch CashToken, a consumer electronic reward…
Heritage Bank restates commitment to Nigeria’s creative industry
Heritage Bank restates commitment to Nigeria’s creative industry Heritage Bank Plc, has restated its commitment to the development and growth of the Nigeria’s creative industry. Mr. Ifie Sekibo, MD/…
Naira remains stable as rates trade within tight bands
Naira remains stable as rates trade within tight bands In a bid to sustain system liquidity and maintain stability across the different segments of the market, the CBN continued…
Awash of liquidity, OBB and OVN rates trend downward; T- Bills marker bullish
Awash of liquidity, OBB and OVN rates trend downward; T- Bills marker bullish In the money market, the Open Buy Back (OBB) and Overnight (OVN) rates declined week on…