Access Bank Acquires Diamond Bank
Access Bank Plc has finally acquired Diamond Bank Plc. According to insiders, the official announcement of the transaction will be made in ...
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7 Reasons Nigerian Banks Are Sacking Workers
In recent weeks, commercial banks in the country have been engaged in trimming of staff to suit the economic situation. Last week, two ban...
NIGERIA: 10 Bankers Declared Wanted For Alleged N125m Fraud
The Police yesterday declared wanted 10 bankers over an alleged N125.1 million fraud scam. According to the News Agency of Nigeria (NAN)...
Ecobank To Comply With Ivorian Order In Defamation Case
Pan-African lender Ecobank will comply with an order by a court in Ivory Coast to publish in international media a judgment in a defamation ...
NIGERIA: Skye Bank Appoints Interim MD For Mainstreet Bank
Skye Bank Plc, in a notice to the Nigerian Stock Exchange (NSE) on Monday, said it has appointed Amaka Onwughalu as interim Managing Directo...
UBA Dominates Annual Banker Awards In London, Wins In 5 Categories
United Bank for Africa (UBA) Plc, one of Africa’s largest financial services institutions, has proved it is in a class of its own by sweepin...
NIGERIA: Alex Otti Resigns As Diamond Bank Managing Director
The board of Plc has announced the voluntary resignation of Otti, the group managing director/chief executive officer, from the bank. Uzoma ...
Nigeria’s Central Bank Dragged To Court Over ATM Charge
A Nigerian Rights Activist has asked the country’s federal high court to restrain the Bank of Nigeria (CBN) from further implementing its re...
Lesetja Kganyago Appointed South African Central Bank Governor
South African President Jacob Zuma appointed Lesetja Kganyago on Monday as central bank governor, as expected by financial markets, replacin...
Central Bank Of Nigeria Gives Bank Customers 9 Months To Get Bank Verification Number •...Recommends Reward Scheme For E-Payment Usage
By June 2015, all banks’ customers are expected to have got Bank Verification Number (BVN) by registering biometric information with their b...
NIGERIA: N6.113b ‘Fraud’: Guber Aspirant, Banker Wanted
The Economic and Financial Crimes Commission (EFCC) has declared a governorship aspirant in Bauchi State, Abdulahi Usman Adamu (alias Dan Ch...
UBA Named Best Transaction Bank in Africa By UK-Based 'The Banker'
UK based magazine “The Banker” has named The United Bank for Africa (UBA) the “Best Transaction Bank” from Africa in 2014. This is as a r...
Guaranty Trust Bank Declares N53bn Profit Before Tax For First Half Of 2014
Guaranty Trust Bank plc has declared a profit before tax of N53.4bn for the first half of 2014. The bank’s audited financial results for...
African Bank Debt Holders Cut Interest Payments To Duck Loss
South African money managers will reduce interest payments to investors on African Bank Investments Ltd. (ABL)’s short-term debt to avoid ca...
Nigeria's Central Bank Governor, Godwin Emefiele unveils 10-point agenda
The new Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Thursday unveiled his blueprint for the economy stating that h...
Nigeria Regulator Suspends Ecobank From Capital Markets
Nigeria's stock market regulator said it has suspended Ecobank from all capital market activities because of irregularities surrounding ...
Opinion - CBN Governor Sanusi Lamido Sanusi's Trap By Kingsley Omose
The announcement by Sanusi Lamido Sanusi, governor of the Central Bank of Nigeria (CBN), that the CBN is to introduce a new N5,000 note and ...
Nigeria - Oceanic Bank’s Main Servers Shutdown Over Staff Layoffs
The Staff of Oceanic Bank today shut down the main servers and data centres that control the bank’s activities and operations. This is foll...
Access Bank sacks 1,500 Intercontinental employees, shuts down branches
As a result of the completion of the acquisition of Intercontinental Bank Plc by Access Bank Plc, the bank on Friday terminated the employm...
Staff of Enterprise Bank Nigeria kick against Salary Cuts
MD, Enterprise Bank, Ahmed Kuru By Festus Akanbi A showdown appears imminent between staff of Enterprise Bank Limited (formerly Spring Ban...
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