Wife of the former Inspector General of Police, Mrs Hera Okiro, has sued the Nigerian Deposit Insurance Corporation (NDIC) and its Managing Director, Mr. Ganiyu Ogunleye, at the Federal High Court in Abuja for falsely accusing her of being indebted to two liquidated banks, Lead Merchant Bank Plc and National Bank of Nigeria Plc.
The Central Bank of Kenya is breathing a sigh of relief as the integration of mobile money services with banking systems takes shape.
Faulu Advisory Services, a fully owned subsidiary of micro-finance group Faulu Kenya, has acquired an insurance brokerage company as it seeks to diversify its offerings by getting a piece of the untapped business.
The Bank of Tanzania (BoT) has restricted outsourcing by banks and financial institutions to enhance the stability of the financial system in the wake of the global financial and economic crises.
Towards supporting the efforts of governments in cushioning the effects of the global crisis, World Bank has said it is preparing a development policy operation of $500 million (N75.5 billion) for approval in early 2010 to support the Federal Government's response to the global financial crisis.
STANDARD Chartered Bank has launched a new personal lending service that will enhance convenience in servicing loans during the festive season.
THE dfcu Bank has been named 'the 2009 Most Innovative Bank' by the Global Banking Alliance (GBA) for Women.
THE Central Bank of Nigeria CBN appointed management for Oceanic bank has brought about dramatic change in the affairs of the bank. About 100 days after the CBN intervention and bail out funds injected into the bank visible changes are now evident in the bank.
Stanbic Bank has launched a new Automated Teller Machine (ATM) and internet based banking platform. The initiative brings speed and convenience to the payment of tuition fees by students as transactions are executed instantly.
Cross River State and Oceanic Bank Plc are partnering to develop the state, a statement from the bank said.The statement said Governor Liyel Imokhe made the promise at the weekend in Calabar when he received the Managing Director of the bank, Mr. John Aboh in his office.
Guaranty Trust Assurance Plc has disclosed its plans to extend its services across the length and breadth of the country, bringing insurance services to the door step of a vast majority of the grassroots populace.
There are indications that Unity Bank Plc may be at the verge to adopting a new corporate identity which will soon be unveiled to stakeholders. As the only commercial bank in the country with its headquarters in Abuja, the unveiling ceremony will almost certainly take place in the nation's capital.
Citibank's Treasury and Trade Solutions business has been voted the number one Cash management bank globally for the third consecutive year in Euromoney's annual cash management poll.
Intercontinental Bank Plc on Thursday in Jos, Plateau State, gave out two new Toyota Corolla cars and 20 Simba motorcycles to its loyal customers in its on-going 20th anniversary promo draws.
Global Trust Bank, one of the latest entrants to Uganda's banking sector, has completed its transition into a fully fledged commercial bank but with the focus on corporate clients.
To further sustain the gains achieved in the nation's banking sector reform, experts have canvassed the need for a review of the financial reporting formats of banks and other financial institutions, adding that it would as well incorporate all activities undertaken by banks.
The National Assembly Anti-Money Laundering and Cyber Security Coalition and Policy Analyses and Research Project (PARP) are collaborating with the Office of the Accountant General of the Federation (AGF) to review the electronic payment system.
Banks paid 35 percent less for deposit insurance premium in 2008 owing to the new system of deposit insurance pricing introduced by the Nigeria Deposit Insurance Corporation (NDIC).
Skye Bank Plc has taken another bold step towards entrepreneurial development in Nigeria as it supports the Spirit of David, the organisers of Celebrity Takes Two (CT2) show, in putting together a successful programme this year.
The National Insurance Commission (NAICOM) has taken the fight against unethical insurance practice to the media appealing to insurance correspondents to help in exposing any act inimical to the ethics of insurance.
The microfinance banking system took off with sharp division among members which led to the emergence of two associations namely National Association of Microfinance Banks of Nigeria (NAMFBIN) and Association of Microfinance Bank in Nigeria (AMBN).
Cross Rivers state governor, Sen. Liyel Imokhe has promised to strengthen the relationship between his administration and Oceanic bank so as to derive maximum benefits from the quality services rendered by the bank.
A KEETMANSHOOP businessman has fallen victim to a new internet banking scam.
Indications emerged at the weekend that the 10 troubled banks will cut staff salaries across the board as a cost-saving measure to strengthen the survival path charted for them by the Central Bank, CBN.
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.
