Banking & Insurance articles

skye

Why CBN Revoked Skye Bank License

Why CBN Revoked Skye Bank License

The Central Bank of Nigeria, CBN says it revoked the license of Skye Bank after examinations and forensic audit that revealed that the bank requires urgent recapitalisation. Godwin Emefiele, Governor of the CBN also disclosed that Skye Bank can no longer continue to live on borrowed times with indefinite liquidity support from the CBN. According

GTBANK Food and Drink Fair 2018

GTBANK Food and Drink Fair Ends With a Flourish

The event is the sort that lingers in the memory long after it has held. Different International chefs from around the world, witnessed the event tagged -Gtbank Food and Drink Fair 2018. The annual fair which lasted from April 29th to May 1, held at Oniru-Lekki, Lagos. Its aim is to connect buyers and sellers

Kennedy Uzoka GMD CEO UBA Photo

$500m Eurobond: Global Investors Validate UBA’s Pan-African Growth Strategy

Group Managing Director and Chief Executive Officer, United Bank for Africa Plc., UBA, Kennedy Uzoka says the $500 million Eurobond raised by the bank, which was 240 percent over-subscribed, reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. According to the Bank, the Global Offering is a five-year

mCash product

Fidelity Bank Launches NIBSS mCash Product

As part of the renewed efforts to further drive the financial inclusion mandates of the Central Bank of Nigeria, CBN, Fidelity Bank Plc has gone live on the Nigerian Inter-Bank Settlement System, NIBSS mCash product which will allow it’s registered merchants to receive payments from customers using their phones. Launched in collaboration with the NIBSS,

Ernest Ebi

Fidelity Bank Gets New Board Leadership

Fidelity Bank Plc appoints three new non-executive directors, among them, a former deputy governor of the Central Bank of Nigeria A former Deputy Governor of the Central Bank of Nigeria, CBN, Ernest Ebi has emerged as a non-executive director and chairman designate of the board of directors, Fidelity Bank Plc. The appointment comes on the

Photo: Ade Ayeyemi

Financial Inclusion Is Our Goal – Ade Ayeyemi

Financial Inclusion Is Our Goal – Ade Ayeyemi, Group Chief Executive Officer, Eco Bank,  What is Ecobank’s overall vision and new strategy to increase its customer base? Our goal is to create an Ecobank that serves as a leader not only in the market but a leader that solves problems that face our customers, ensures financial inclusion

Sterling Bank Stable, Gets Moody’s B2 Rating

Moody’s Investors Service, a leading global rating agency, has assigned first-time local and foreign currency issuer and deposit ratings of B2 with stable outlooks to Sterling Bank Plc, including a Counterparty Risk Assessment, CRA, of B1 (cr)/Not Prime (cr). A statement by the Agency stated that the ratings are underpinned by a b3 baseline credit

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