Category : Banking

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About Banking News Today

The banking industry involves borrowing and lending money. Banks take customer deposits in return for paying customers an annual interest payment.

It is majorly used to keep money safe for customers, offer customers interest on deposits, protect against money losing value against inflation, lend money to firms, customers and homebuyers, and offer financial advice and related financial services, such as insurance

This is the major reason why we keep everyone updated on the recent happenings in the financial industry.

Naira remain stable at N360 to dollar at parallel market

EditorJuly 2, 2018

by EditorJuly 2, 20180658

By Thompson ABISOLA The Naira on Friday remained stable at the parallel market in Lagos, exchanging at N360 to the dollar, TBI Africa reports. The

Banking Featured Finance

Diamond Bank rewards five entrepreneurs with N15m to strengthen SMEs

EditorJune 29, 2018

by EditorJune 29, 20180672

By Giwa SHILE Determined to strengthen small businesses development, Diamond Bank Plc has rewarded five finalists of the seventh edition of its `Building Entrepreneurs Today

Banking Featured Finance

Afreximbank, ECIC announce $1bn programme to promote trade in Africa

EditorJune 28, 2018

by EditorJune 28, 20180686

By Kunle SHONUGA The African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa SOC Limited (ECIC) have launched a 1 billion

Banking Capital Market Featured Finance

Naira hedges against dollar at parallel market

EditorJune 28, 2018

by EditorJune 28, 20180695

By Kunle SHONUGA The Naira on Wednesday exchanged at N359.80 to the dollar at the parallel market in Lagos gaining 20 kobo from N360 exchanged

Banking Featured Finance

CBN injects $210m into forex market

EditorJune 27, 2018

by EditorJune 27, 20180643

By Kunle SHONUGA The Central Bank of Nigeria (CBN) has injected 210 million dollars into the foreign exchange market (Forex) to meet customers’ requests in

Banking Featured Finance

AMCON: 6 banks pay N155.45bn into sinking fund in 3 years

EditorJune 25, 2018

by EditorJune 25, 201802144

By Kunle SHONUGA Six Commercial banks have made payments totaling N155.45 billion into the sinking fund of Asset Management Corporation of Nigeria (AMCON) within three

Banking Featured Manufacturing

AfDB grants $1m to BOA, reels over N60bn debt

EditorJune 22, 2018

by EditorJune 22, 20180643

By Giwa SHILE The African Development Bank (AfDB) has issued one million dollar grant to the Bank of Agriculture (BOA) to restructure and strengthen its

Banking Featured

Nigeria’s unbanked population stands at 37% – CBN

EditorJune 22, 2018

by EditorJune 22, 20180720

By Kunle SHONUGA Barely two years to the 2020 target to reduce unbanked Nigerians to 20 per cent, Central Bank of Nigeria (CBN) said the

Banking Featured

CBN instrumental to Nigeria’s economic growth – Don

EditorJune 21, 2018

by EditorJune 21, 20180695

By Thompson ABISOLA An Associate Professor of Economic History with Kaduna State University, DrTerhembaWuam, on Wednesday, commended the Central Bank of Nigeria (CBN) for 60