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CBN Cuts Yearly Spending Limit on Naira Debit Card to $50,000

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said on Tuesday its cutting down the spending limit on the usage of the naira denominated debit cards for… Read more »

Nigeria’s FBN Holdings sees modest loan growth this year

April 13, 2015/Reuters Nigeria’s FBN Holdings said on Monday it expects loan growth at its banking unit to slow to 4 percent this year, down from 23 percent last year,… Read more »

Diamond Bank 2015 Q1 Post Tax Profit Dip 15.1%

By InvestAdvocate Lagos (INVESTADVOCATE)-Diamond Bank Plc on Monday said its first quarter (Q1) report for the period March 31, 2015 dipped 15.1 percent to N7.167 billion from N8.446 billion recorded… Read more »

Naira Trades N207 to Dollar in Black Market

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Monday traded N207 to a dollar in the black market which is an improvement recording 0.48 percent gain when compared to its previous… Read more »

UAE bank NBAD targets Africa, Asia for wealth management growth

Sun Apr 12, 2015/Reuters National Bank of Abu Dhabi is seeking to expand its wealth management business in Africa and Asia, as it looks to maintain strong growth at a… Read more »

WEF, Dangote Foundation promote economic growth in Africa

The World Economic Forum and Dangote Foundation have collaborated to boost capacity-building and economic growth across Africa. As a result, the Dangote Foundation said 13 out of the 17 Africans… Read more »

Nigeria to Limit Debit Card Spending abroad to Boost Naira

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- The Central Bank Nigeria (CBN) says it plans to limit the amount commercial bank customers can spend using their debits cards while abroad, a… Read more »

UBN Deploys Oracle FLEXCUBE to Improve Efficiency

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Union Bank of Nigeria Plc (UBN) has deployed the Oracle FLEXCUBE Universal Banking Solution 12.0; a new core banking application to modernise its infrastructure,… Read more »

Nigeria raises 183 bln naira in T-bills at lower yields

Thu Apr 9, 2015/Reuters Nigeria raised 183.64 billion naira ($923 million) in Treasury bills with yields falling compared with the previous sale last month, the central bank said on Thursday…. Read more »

UBA deploys new technology to boost e-banking

United Bank for Africa Plc says it has deployed a new information technology platform to boost its electronic banking channels. The new platform, called Finacle 10x, will enable customers to… Read more »