Exasperation with Credit Suisse following a string of scandals is prompting Switzerland to rethink a system in which top bankers have been largely untouchable. Credit Suisse’s heavy losses from the collapse of family office Archegos and the decimation of billions of client investments backed by insolvent British financier Greensill have angered regulators and triggered a Read More…
The Central Bank of Nigeria (CBN) has urged commercial banks to leverage their presence in other parts of Africa to support Nigerian businesses seeking to plant their footprints into new markets. The CBN Governor, Mr Godwin Emefiele, gave the advice at the Zenith Bank’s 2021 Export Seminar on Tuesday in Lagos. Emefiele called on the Read More…
Bloomberg’s 2020 full-year Capital Markets League Tables has ranked African Export-Import Bank (Afreximbank) Africa’s number one Mandated Lead Arranger (MLA) in sub-Saharan Africa. The bank made this known in a statement it issued on Friday in Cairo. According to the statement, the bank is delighted to have surpassed 2019’s second place MLA ranking and is Read More…
Dr Oluleye Adigun, a US-based Nigerian billionaire, has revealed ongoing efforts to invest three billion naira ($6.8million) in Fidelity Bank through shares acquisition. Adigun told the News Agency of Nigeria (NAN) in a telephone interview, on Wednesday, that the acquisition was part of his planned investment in the Nigerian economy, adding that the process of Read More…
The First City Monument Bank (FCMB) has named Mrs Yemisi Edun as the Acting Managing Director of the bank in the interim, while Mr Adam Nuru is on leave. This was contained in a statement signed by the FCMB management. “In line with normal corporate practice, Edun is Acting as the Managing Director of FCMB Read More…
Mrs Nneka Onyeali-Ikpe, has formally assumed office as the 4th Managing Director and Chief Executive Officer and first female to occupy the position at Fidelity Bank Plc, effective on Jan. 1. The bank in a statement disclosed that Onyeali-Ikpe took over from Mr Nnamdi Okonkwo, whose contract tenure ended on Dec. 31, 2020, in line Read More…
A research and credit rating agency, Agusto & Co, on Monday disclosed that Guaranty Trust Bank ranked highest in user experience in the third edition of consumer banking satisfaction index. Mrs Mariam Dabiri, Senior Analyst, Financial Institutions Ratings, Agusto & Co, in a statement in Lagos said that the results from the index provided insights Read More…
Key players in the banking industry and the judiciary are to discuss the new normal as it affects both fields at the 20th Annual National Seminar on Banking and Allied Matters for Judges. The Seminar, with the theme, ” The Judiciary and the Financial Services Industry in the New Normal: Challenges, Innovations and Regulations” is Read More…
The Central Bank of Nigeria (CBN), has directed all banks operating in the country to always observe strict compliance with SWIFT Universal Confirmation Requirements. The directive was outlined in a circular issued by Mr Sam Okojere, CBN’s Director, Banking Services Department. Okojere directed all SWIFT customers to provide information on the outcome of all their Read More…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained Monetary Policy Rate (MPR) at 12.5 per cent and held all other policy parameters constant. The CBN Governor, Mr Godwin Emefiele disclosed this while reading the communique after the MPC meeting in Abuja on Monday. Emefiele explained that the committee retained Read More…
