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Islamic banking open to all – Kwara Gov

Islamic banking provides a feasible alternative to conventional banking and is “open to all irrespective of race or religion”, Kwara state Governor Dr. Abdulfatai Ahmed has said. Th e governor said this in Ilorin at the Jaiz Bank’s customer awareness ...

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Naira appreciates against Dollar’

By Amaka Ifeakandu Lagos Th e nation’s currency appreciated week-on-week in most foreign exchange market segments amid injections by the Central Bank of Nigeria (CBN) worth $195 million into the forex market. Th e apex bank allocated $100 million to ...

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Court remands ex-banker, hubby

By Patrick Ahanor Benin City A Benin High Court, presided over by Justice Ohimai Ovbiagele, has remanded former manager of the United Bank for Africa, Mrs. Florence Onome Odior, her husband, Sunday Odior and two others in prison custody for ...

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Ecobank makes full loan provision

By Amaka Ifeakandu Lagos Ecobank Transnational Incorporate (ETI) has taken a decision to completely clean its books of nonperforming risk assets in its legacy loan portfolio, and has made a provision of N221.7 billion in its 2016 audited accounts. Th ...

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Wema Bank reopens branch in Kaduna

Wema Bank Plc, has sustained its strategic expansion plan with the reopening of its branch in Kaduna. Th e branch was closed following the scaling down of the bank’s operations in 2009 in commencement of a turnaround plan which is ...

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Interbank rate jumps on cash shortage

Nigerian interbank lending rates rose by around 100 percentage points yesterday, as commercial lenders scrambled for cash to pay for bond purchases and cover their positions, traders said. Overnight lending rates rose to around 300 percent from 200 percent at ...

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Chairman of the Organising Committee for the 22nd World Conference of Banking Institutes Dr Segun Aina and President of Council Chartered Institute of Bankers during the 22nd World Conference of Banking

From left: Chairman of the Organising Committee for the 22nd World Conference of Banking Institutes, Dr Segun Aina, President of Council, Chartered Institute of Bankers of Nigeria (CIBN), Professor Segun Ajibola and immediate past President, CIBN, Mrs. Abosede Osibogun, during ...

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