Fidelity Bank’s LDR already above recent CBN’s directive—ED
Leading retail banking giant, Fidelity Bank Plc has given out loans to Nigerian businesses over and above the latest limit 60 per cent Lending to Deposit Ratio (LDR) set by the Central Bank of Nigeria (CBN). Making the revelation on…
Political colorations force Anambra traders’ to ban prayer sessions in markets
Henceforth, hearing beats, prayers and songs of praises within major markets in Anambra State has been suspended on the orders of the Anambra State Amalgamated Market Traders Association (ASMATA). Business Hilights South East Bureau chief reports that the ban which…
NNPC yet to react to ministerial nominee, Jeddy Agba’s outburst on refining grafts
Though Mr. Jeddy Agba, an experienced oil and gas expert was recently at the Senate Chambers for his ministerial screening and confirmation possibly as the next Minister of Minister of State for Petroleum, three key issues he raised against the…
(Special Report) Milk, CBN, kids stunted growth and herdsmen/RUGA controversy
Last week’s policy position of the Central Bank of Nigeria (CBN) as revealed by the Governor, Mr Godwin Emefiele that milk import has joined the list of 42 items that will no longer access forex from the apex bank has…
Access Bank a Bank with a rigorous, disciplined capital plan—Wigwe
The Group Managing Director/CEO of Africa’s largest bank, Access Bank Plc, Herbert Wigwe, has revealed that his institution remains a Bank with a rigorous and disciplined capital plan. In his remarks on the successful outing of the bank on issuing…
Heritage Bank’s Training Institute equals CBN’s standard, gets CIBN nod
Heritage Bank Plc’s training school popularly referred to as “The Refinery” for new entrant staff has been accredited by the Governing Council of the Chartered Institute of Bankers of Nigeria (CIBN). The training school supervised by the Bank’s Human Capital…
AfDB seeks shift from youth empowerment to investments at TEFEF 2019
The President of African Development Bank (AfDB) and former reformist Nigerian Minister of Agriculture, Dr Akinwunmi Adesina, Saturday called on African governments, corporate citizens and foundations to shift focus from youth empowerment to investing in African youths. Speaking as a…
Access Bank, GE Healthcare team up to finance Nigerian healthcare providers
Leading largest financial institution in Africa and Nigeria in particular, Access Bank and GE Healthcare are to provide sustainable healthcare equipment financing to private healthcare providers; the partnership will help the private healthcare providers to deliver access to affordable healthcare…
How one-good-turn influenced Ekwueme, Balogun and legendary FCMB
During the Nigeria-Biafra civil war, many Igbo people fled other parts of the country for the East. Many abandoned their homes, properties, and businesses for safety. Of them, was a young Igbo architect who had a young Yoruba banker as…
Analysts weigh survival chances of three new commercial banks
Whereas the Central Bank of Nigeria (CBN) recently issued operating licence to three new banks to operate in the country, industry experts have started looking at survival options available to the three new entrants including Titan, Globus, Taj banks. Some…
