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.

CIBN, academics plan collaborative programme for human devt

EditorJune 4, 2018

by EditorJune 4, 20180846

The Chartered Institute of Bankers of Nigeria (CIBN) said it would introduce a programme to enhance human capital development under town and gown arrangement in

Banking Featured Finance

Tribunal orders FCMB to pay N988.5m decade old debt

thebusineMay 24, 2018

by thebusineMay 24, 20180884

The Investments and Securities Tribunal, Abuja, on Wednesday ordered First City Monument Bank Plc (FCMB) to pay the sum of N988.5million to a stock broking

Banking Featured Finance

CBN uplifts foreign exchange market with $210m

thebusineMay 24, 2018

by thebusineMay 24, 20180747

The Central Bank of Nigeria (CBN) has made available 210 million dollars to meet customers’ requests in various segments of the foreign exchange market, Mr

Banking Featured Technology

Traders in FCT say bank charges, poor network hindering POS usage

thebusineMay 16, 2018May 16, 2018

by thebusineMay 16, 2018May 16, 20180724

Some traders in the Federal Capital Territory (FCT), say bank charges and poor network is responsible for their inability to use Point of Sale (POS)

Banking Featured Finance

Benue revenue board seals 3 banks, other outfits over unpaid taxes

thebusineApril 19, 2018

by thebusineApril 19, 20180813

The Benue Board of Internal Revenue Service (BIRS), has sealed up six firms, including three commercial banks, over alleged non-payment of taxes to the tune

Banking Capital Market Featured

Naira dips against dollar at investors’ window

thebusineApril 19, 2018

by thebusineApril 19, 20180855

The Naira on Wednesday depreciated to N360.16 to the dollar at the investor’s window, losing 70kobo from N360.09 traded on Tuesday. Trading at the parallel

Banking Featured Finance

Experts say CBN’s 2018 single-digit inflation rate target not feasible

thebusineApril 17, 2018

by thebusineApril 17, 20180878

Two financial experts on Monday said that the 2018 single-digit inflation target of the Central Bank of Nigeria (CBN) would not be feasible, due to

Banking Featured

METROInvestors destroy Wonder Bank office in Cross River

thebusineApril 14, 2018

by thebusineApril 14, 20180817

Aggrieved investors, Friday, destroyed an office of a ‘Wonder Bank’ at 34 Bassey Duke in Calabar South local government area of Cross River State. The

Banking Featured Finance

Over 600,000 subscribe to GEEP micro-credit facility – Coordinator

thebusineApril 14, 2018

by thebusineApril 14, 20180793

No fewer than 600,000 Nigerians have benefitted from the Federal Government’s social intervention scheme under the Government Enterprise and Empowerment Programme (GEEP) programme for entrepreneurs.

Banking