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CBN Amends Dividend Pay-Out Policy For Banks

Culled—Proshare February 23, 2018/FDC  Prior to this guideline, most banks adopted an aggressive dividend policy, partly to shore up their share price and secondly to splash cash to shareholders. Consequently,… Read more »

Weaker Dollar, Higher US Interest Rates, a Dilemma for a Central Bank With No Quorum

Culled—Proshare February 23, 2018/FDC Who needs an MPC after 19 months of status quo? The MPC is like the boy who cried ‘Wolf!’, till he lost credibility in the sight… Read more »

House Committee On Banking & Currency Pays Surprise Visit To Arik Air

February 23, 2018/AMCON The Chairman of House of Representatives Committee on Banking and Currency, Hon. Sir Jones Chukwudi Onyereri has commended the present management of Arik Air for the good… Read more »

Kaduna Trade Fair: FirstBank Offers Seamless, Innovative Banking Solutions

February 23, 2018/FirstBank In line with its tradition of partnering and supporting initiatives created to promote economic growth in the country, First Bank of Nigeria Limited has announced its participation… Read more »

Nigeria’s First Bank Sees Faster Loan Growth as Economy Expands

22/2/2018/Bloomberg By Emele Onu and Tope Alake CEO Adeduntan targeting improved revenue and profit this year Non-performing loans seen continuing ‘trend downward’ Nigeria’s biggest bank by revenue expects lending to… Read more »

Access Bank Wins Euromoney’s Best Commercial Banking Capabilities Award

February 22, 2018/Access Bank Plc Access Bank Plc has emerged winner of the best ‘Commercial Banking Capabilities’ award by Euromoney, a leading global financial publication. The prestigious award was presented… Read more »

CBN Amends Commercial Agriculture Credit Scheme Offers 9% Interest Rate

February 22, 2018/CBN As part of the efforts by the Central Bank of Nigeria to deepen access to finance and reduce exclusion rate, the CBN has revised the existing Commercial… Read more »

Dollar stands tall after Fed minutes back more U.S. rate increases

21/2/2018/Reuters Masayuki Kitano The dollar rose to a one-week high against a basket of major currencies on Thursday, after minutes of the Federal Reserve’s January meeting showed policymakers were more… Read more »

Bitcoin nearly doubles in value from year’s low hit in early February

20/2/2018/Reuters Gertrude Chavez-Dreyfuss Bitcoin hit a three-week high on Tuesday and has surged nearly 100 percent from its lowest level this year, as its recovery continued after South Korea’s financial… Read more »

ETHIX-Net Delivers A New Generation Of Online Banking

Culled—Proshare 20/2/2018/Mondo  Kuwait Finance House Goes Live With (ITS) ETHIX-Net – Alkheshnam International Turnkey Systems Group (ITS), the market leading provider for comprehensive Islamic financial solutions suite, has announced the… Read more »