Naira exchanges at N359 to dollar at parallel market
The naira on Monday traded at N358.6 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N445
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.
Development Bank of Nigeria disburses N30b to 35,000 MSMES in 2017
Development Bank of Nigeria (DBN) disbursed over N30 billion loans to 35, 000 Micro-Small and Medium Enterprises (MSMEs) in its first operating year of 2017.
Fidelity Bank rewards 11 loyal customers with N7m in Kano
Eleven loyal customers of Fidelity Bank Plc in Kano on Tuesday won N7 million in its “Fidelity Savings Loyalty Scheme ”. Some of the lucky
Fidelity Bank says its loan to deposit ratio above CBN 60% limit
Fidelity Bank Plc on Tuesday expressed continous support to the growth of Small and Medium Enterprises (SMEs). The bank said that its loan to deposit
Union Bank declares N12.1bn profit before tax in H1 2019
Union Bank of Nigeria (UBN) on Monday declared a profit before tax of N12.1 billion for the half year ended June 30, 2019. The profit
Zenith Bank introduces online Visa application to Dubai
Zenith Bank has introduced a new feature on its internet banking platform that allows to customers apply for Dubai Visa and make the associated Visa
UBA pledges more funding for SMEs in Africa
The United Bank for Africa Plc (UBA) has pledged more funding for the growth and development of Small and Medium Scale Enterprises (SME’s) in Africa.
FBN provides 30,000 direct jobs through agent banking – Official
First Bank of Nigeria (FBN) Limited on Wednesday said it had provided over 30,000 direct employments and several indirect employments through its agent banking. Mr
Ecobank MD affirms support for Nigeria movie industry
The Managing Director, Ecobank Nigeria, Mr Patrick Akinwuntan, has said the bank is set to support the Nigerian movie industry to project everything good about
IFC, AMC to sell 14.1% stake in Ecobank Transnational
The International Finance Corporation (IFC) and its Asset Management Company have reached advanced discussions to sell equity holding in Ecobank Transnational Incorporated (ETI). The company
