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International banking group, Standard Chartered Bank says that its conservative approach to business is the reason why the bank has been successful over a long period of time and they are confident the strategy will continue to pay dividends in future.
As the CBN approves the harmonisation of the two association in the microfinance sector, the Association of All Microfinance and National Association of Microfinance Banks of Nigeria, the CBN and the umbrella body regulating the activities of microfinance banks in Nigeria is hereby advised to launch deep in bringing sanity in the sector.
The World Bank has provided a 110 million US dollar credit to Mozambique as direct budget support, under an agreement signed in Maputo on Friday by Planning and Cooperation Minister Aiuba Cuereneia and the World Bank representative in Maputo, Luiz Tavares.
Barclays Bank of Kenya has returned a 4.2 per cent growth in pre-tax profit for the nine months ending September 30, 2009, reflecting the impact of the economic slowdown on various sectors of the economy.
In a world characterized by turbulence and uncertainty, insurers are more than ever called upon to provide companies and individuals with the means to face risks thanks to swift and efficient services.
ZANU PF MPs secured immunity for the Reserve Bank governor and his staff after the House of Assembly approved this week amendments to a Bill to reform the central bank. Reserve Bank governor Gideon Gono has repeatedly pushed for immunity.
BANK deposits went up to US$1, 016 billion from US$706 million between June and October, an increase of 44%. The increase in bank deposits within the four months was merely transitory, thus the funds could not be used as long-term loans.
Central Bank Governor, Malam Sanusi Lamido Sanusi, has urged the Nigerian National Petroleum Corporation to continue with the reforms in the petroleum sector irrespective of the prevailing challenges, saying they were critical to the banking sector in Nigeria.
The Comptroller-General of Customs, Dikko Abdullahi, has approved the lifting of the suspension on First Bank from Customs duty collection.
Standard Chartered Bank Gambia limited has opened a brand new State-of-the-art Dealing Room on Tuesday afternoon at its head office in Banjul.
As hearing begins today in the suit filed by the former Managing Director and Chief Executive Officer of Oceanic Bank PLC, Mrs. Cecilia Ibru and shareholders of the bank, Ibru and shareholders have said that the appointment of advisers by the Central Bank of Nigeria was a further contempt of the court since they are plaintiffs in suit against CBN at Federal High Court, Lagos.
The Nigeria Customs Service has lifted the suspension placed on First Bank from customs duty collection. Our correspondent learnt from NCS officials that the Comptroller General of Customs Dikko Abdullahi gave the directive when he received a delegation of First Bank Plc who paid him a courtesy call in Abuja yesterday.
Wema Bank plc has been appointed by the Joint Admission and Matriculation Examination Board (JAMB) to sell its newly introduced on-line Unified Tertiary Matriculation Examination (UTME) application forms.
Guaranty Trust Bank (GTB) has announced that it would soon reward its Smart Kids Save (SKS) account holders in its forthcoming Annual SKS Raffle Draw.
FinBank Plc has expressed willingness to continue to provide unique banking services to its customers. The bank said this at the just concluded Lagos International Trade Fair.
Unity Bank Plc will soon adopt a new corporate identity to take it away from its conservative posture, Daily Trust learnt yesterday.
Finance Minister Syda Bbumba has called on the banks to financially support the Small and Medium Enterprise (SME) sector.
STANDARD Bank yesterday announced two major appointments to head its SA and international corporate and investment banking activities, to further its growth strategy. Kennedy Bungane was appointed the unit's SA CE . He takes over from David Munro, who has been appointed the global head of investment banking. Standard Bank operates in 32 countries. Munro will remain in SA.
INVESTMENT bank Investec 's adjusted earnings per share fell 8,7% to 24p in the six months to September 30, "but we'll make it up", when economic conditions improve, said CEO Stephen Koseff.
Chairman, Board of Directors of the Nigeria Deposit Insurance Corporation (NDIC), Ambassador Hassan Adamu has faulted the decision of the Central Bank of Nigeria (CBN) to inject N620 billion into eight ailing banks, saying it would not guarantee against failure.
The World Bank supported Lake Victoria Environment Management Programme (LVEMP), launched in the mid-1990s, will now be extended to Burundi and Rwanda.
THE Union Bank of Switzerland is eyeing a three percent stake in Zimbabwe-oriented London-listed conglomerate LonZim Plc, reflecting growing investor confidence from the West in the local economy.
New plans to reform the structure of the Reserve Bank, in order to restrict the powers of Governor Gideon Gono, have been met with mixed reaction; with critics arguing the parliamentary bill will still leave Gono with too much power.
NIC Bank recorded a nine per cent growth in earnings for the third quarter of the year to cap off a blanket single digit performance for Kenya's largest commercial banks.
Former director of personnel and administration of the Bank of Tanzania (BoT) Amatus Liyumba did not have powers to authorize payment of its project, the court was told yesterday.
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