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It affords me great pleasure to be with you this morning and I would like to begin by congratulating the council members and indeed, the rank and file of the members of the Nigerian-British Chamber of Commerce on yet another milestone in the history of the Chamber, the commemoration of this year's business day. What the Chamber seeks to accomplish by marking the business day is well known to many ...
The Chartered Institute of Bankers of Nigeria (CIBN) on Thursday joined its voice to the array of condemnation that has greeted the recent story citing The African Report, a publication of Paris based Groupe Jeune Afrique Magazine, to the effect that "only four Nigerian banks are strong."
The House of Representatives Committee on Public Account yesterday summoned the Accountant General of the Federation, Ibrahim Dankwambo and the Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi over the controversy surrounding the alleged non remittance of 2005 Signature Bonuses accruable to Petroleum Technology Development Fund (PTDF).
The major thrust of the Microfinance Policy, Regulatory and Supervisory Framework launched in 2005 is to economically empower the active poor and also increase the share of micro credit as percentage of Gross Domestic Product (GDP) from 0.2 percent in 2005 to at least 5 percent in 2020.
The pro-cyclical nature of the current international loan loss provisioning regime Most banking crises have had as a direct cause the inadequate management of credit risk by institutions.
Since the nation's banking industry popularised automation or e-transact, the response of many Nigerians that bought into the innovation has been described as a mixed grill.
Mobile banking in Nigeria is expected to contribute at least some $8 billion to Nigeria's treasury by year 2012, Rep Ado Dogo has said.
The Executive Chairman Adhama Textles & Garment Ind. Ltd Kano Sa'idu Dattijo Adhama has called on Federal Government to set up what he called Textile Development Bank (TDB).
They are the envy of many of their university colleagues. They dress well according to the detect of the job. Some of the young bankers, especially those employed in the marketing department of are actually suffering and smiling. They say the pressure on them to bring customers' deposits to their banks is driving many of them to employ dangerous alternative means.
DIAMOND Trust Bank clients can deposit and withdrawal money form Post Bank branches following the signing of a memorandum between the two banks, writes David Muwanga.
The African Development Bank (AfDB) is making preparations to start funding the Gibe III dam, a mega project on River Omo whose completion is expected to alleviate Kenya's perennial electricity crisis.
South Africa's banking system has remained stable with banks being adequately profitable despite the economic turmoil experienced in international financial markets, said the South African Reserve Bank (SARB).
Integrated Microfinance Bank Ibadan branch is organizing a Carnival Road Show on poverty alleviation in Oyo State. The event is scheduled for today Thursday 2nd of July, 2009. The float/carnival will go around ibadan metropolis starting from the Governor's office and end up in his office.
The Umuchinemere Procredit Micro Finance Bank (UPMFB) Nigeria Limited, Enugu, in its efforts to empower and improve the well being of the active poor, is set to establish a micro insurance scheme for the rural populace of Enugu
Standard Chartered has announced its full acquisition of the remaining shareholding in First Africa Group Holdings Limited ("First Africa"), a Leading pan-African Mergers & Acquisitions ("M&A") advisory firm.
The Board of Directors of the African Development Bank (AfDB) Group approved, Wednes-day in Tunis, a $500m investment in the Global Trade Liquidity Program as the second phase of its Trade Finance Initiative.
In line with global initiatives to address the economic slowdown, the 2009/2010 budget was essentially a fiscal stimulus package focusing on sectors to address existing regional development imbalances and spur countrywide growth.
Twiga Bancorp has repackaged its system for money transfer in a bid to control money laundering.
Amalgamated Bank of Southern Africa (ABSA) has sued Zambia for breach of contract involving more than US$74 million in the importation and refinery of feed stock.
AS the recession starts to bite, Namibians ran up bad debts of more than N$1 billion with banks from January to March, eight per cent more than in the last quarter of 2008.
Central Bank of Nigeria (CBN) yesterday in Abuja said that commercial banks should follow its guidelines while lending to all the three tiers of government and their agencies.
UGANDA currently has a housing deficit of more than 1.7 million units and the figure is rising annually in tandem with a high population growth rate.
Nigerian Banks can still leave their Automated Teller Machines (ATMs) in public places up till August 31, the Central Bank of Nigeria (CBN) has said.CBN had, on April 7, directed banks to remove their ATM machines from public places like hotels and airports. No bank has complied with the directive.
MTN Rwanda refuted the information saying that six percent is the maximum offered on the company's monthly deposit of Rwf1 billion.
BANKING group Standard Chartered yesterday said it had acquired the remaining shareholding in specialist mergers and acquisition firm First Africa for an undisclosed sum.
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