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European Central Bank

European Central Bank Members Voice Concern Over Its Negative Rate Policy

Negative rates are ‘not a very good idea’: Austrian National Bank A negative deposit rate essentially charges banks to park cash at the ECB,...
CBN

State of Banks: Struggle For Market Control Heightens

Banks Asset Quality, Lending Strength and Market Control -- Analysis In the past five years, the banking sector has been recording sizeable growth and profitability. But...

Nigeria In Talks With S.Africa’s Transnet For Railway Concession

Nigeria is in talks with Transnet for the concession to run its railways after General Electric , which has spun off its transport business,...
British Pounds Sterling

Sterling Records Gains Before Parliamentary Debate On Brexit Deal

Sterling rose to a one-week high on Monday as traders prepared for Britain’s parliament to reconvene this week and debate Prime Minister Theresa May’s...

Top Banks in Nigeria Struggle to Grow Earnings, Profitability — Financial...

Top Nigerian banks struggle to grow earnings,profitability The banks, which include: Zenith Bank Plc, Access Bank Plc, FBN Holdings Plc, United Bank for Africa, UBA...
CBN-Governor-Godwin-Emefiele-640x431

CBN to Create Non-Interest Window For Development Financing Interventions by 2020

As part of efforts towards achieving the financial inclusion target on 80 percent by 2020, the Central Bank of Nigerian(CBN) is working toward the...
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Nigeria to establish National Micro-Finance Bank to promote access to credit...

-- Nigeria embarks on promoting access to credit finance for small, medium enterprises (SMEs) and other unbanked groups in the country. A national micro-finance bank is...
Nigeria-Police-academy

All Companies Operating In Nigeria To Pay A New Police Fund...

Funding from Federation Account and other sources: The Fund will also consist of 0.5% total revenue accruing to the Federation Account, in addition to...
cinema

Nigerians Spent Over N7 Billion in Cinemas in 2019 — Report

Nigerians spent almost N7 billion (N6,976,882,087) to watch films in the cinemas in 2019. The News Agency of Nigeria (NAN) reports that the figures...

Nigeria’s Railway Ambition Suffers Setback as GE Pulls Out of $2...

General Electric(GE) withdraws it's proposed $2 Billion investment deal in Nigeria’s Railway, according to report. Nigeria’s ambition to revamp its old and dilapidated rail network and...

Sell Annuity Payments Scam and How It Can Be Avoided

 -- Sell Annuity Payments Scam Targets Seniors Selling your structured settlement or annuity payments can be the solution to a range of money problems. Whether...

How Customers Can Report Their Banks For Unresolved Complaint — CBN

It can be very annoying and disturbing when your lodge your complaint to your bank without getting response, or feel you are being cheated. --...

Dollar Holds Most Of Its Gains After Wall Street Rally Pushes...

The dollar retained most of its overnight gains on Thursday but was off its peak for the week so far amid thin volumes, as...

Interswitch & Visa Partner To Expand Digital Payments Ecosystem In Africa

Interswitch Limited and Visa Inc. on Friday announced a strategic partnership that will further advance the digital payments ecosystem across Africa. As part of the...