First Bank of Nigeria Limited has been on a journey of strength and dynamism committed to providing the best financial solutions to promote convenience and support the lifestyles of its customers. The Bank through the years has demonstrated an understanding of its customers’ modern lives, wants, and needs as part of its drive to become the trusted partner providing bespoke and accessible banking offerings to its teeming customers.

The Deputy Managing Director, Ecobank Nigeria, Tony Okpanachi has expressed delight over the level of acceptability and wide patronage of Ecobank MasterPass QR, an innovative global digital payment solution recently introduced into the nation’s financial landscape by the Bank. It would be recalled that Ecobank was the first financial institution in the country to introduce Masterpass QR.

The Economic and Financial Crimes Commission, EFCC, Friday, arraigned Mr Fredrick Ogbueifun before Justice P.A. Ajoku of the Federal High Court, Benin, Edo State on a 33-count charge for alleged abuse of office to the tune of N317 million. The accused as Acting Managing Director of Uda Community Bank, now Uda Microfinance Bank, allegedly raised […]

Despite a bearish out-look that pervaded the equities market for most part of last week, investors’ interest on financial services’ sector spiked, resulting in exchange of 903.66 million shares valued at N3.34 billion in the sector.

You see, this information is just coming out and of course we are trying to identify the source, the parties concerned, and all that. If you remember, we were talking about brokers who are unlicensed to practice. It may shock you to know that we have not yet identified all of them. It is quite impossible to do so, because, we have some brokers that are not even members of NCRIB, and some of them are the ones actually doing a lot of government businesses.

EX-BANKERS of eight non-consolidated banks have sued the Nigeria Deposit Insurance Corporation (NDIC), Central Bank of Nigeria (CBN) and four acquirer banks over unpaid N9.8 billion terminal benefit 11 years after disengagement from the services of the non-consolidated banks.

The reasons are not farfetched. As at December 2015, exchange rate was N199.7 to the dollar, but by the close of 2016, we all know the result. Whilst premium, for instance, was paid on the old sums insured, most of the sums insured on property especially were not reviewed in 2016. As regards life insurance which pertains to medical expenses, whilst premium was paid based on the old absolute naira, when you go to the hospital what happens? You are charged on 2016 cost. To treat the same minor injury which would have taken maybe N5000 in 2015, in 2016 that would have cost N7000 to N10000.

Forex Time, FXTM has launched a Naira denominated trading accounts solely for citizens and residents of Nigeria, indicating FXTM’s commitment in providing tailored products and services for investors within the country.

We are still anxious and desirous of either the bank reopen its door or be liquidated so that we end the suffering of depositors. We have been pushing this; the CBN has been concerned over the years since the restoration of the license. Series of meetings and efforts have been made to achieve the restoration of business of Savannah Bank but they have failed. But unfortunately as we speak, they (the owners) have gone back to court, they have sued the CBN and therefore effort to either bring them back on board or to liquidate them has been stalled.

NIGERIAN College of Aviation Technology (NCAT), Zaria and the Alliance & General Insurance Limited (A&G) are still at daggers drawn over the issue of claims for air crashes which occurred in the country between 2010 and 2011.

First, I do not support compulsory listing of multinational companies on the Nigerian Stock Exchange, because all over the world where there is perfect market, it is backed by the slogan of free entry and free exit policy. So, free entry and free exit are allowed in any organised stock exchange all over the world.

FOR some time, there have been talks about integration of key stock exchanges across West African region to facilitate cross-border listing and region-wide securities tradings. The Nigerian Stock Exchange, NSE, has been an advocate and supporter of this move, which is believed would create broader and deeper liquidity for the stock exchanges.

SMEs are the bedrock of any country’s economic development and for a nation to attain sustained development, it must ensure that its SMEs thrive and excel. It is therefore not surprising that as a forward-looking bank, which for more than 30 years has supported the growth of Nigerians across business sectors, we are keen to support SMEs in Nigeria to achieve their full potential.

THE Nations’ capital market attained a new height in the custodian of share certificates of quoted companies as the Central Securities Clearing System, CSCS Plc, hits 100 per cent of dematerialisation of share certificates.

BANKS’ deposit fell by N213 billion in December, reflecting impact of the economic recession on individuals and businesses. Meanwhile, Federal Government’s Bonds, FGB, recorded significant sell off last week leading to a fall in prices in both the OTC platform and the Eurobond market.