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Banking and Finance

Fidelity Bank to fully acquire Union Bank UK

FIDELITY Bank Plc has entered into a binding agreement for the acquisition of a 100 per cent equity stake in Union Bank United Kingdom...

Resignation wave in banking sector an opportunity, not crisis – Suleiman, Sterling Bank CEO

THE Chairman, Conference Consultative Committee of the 15th Annual Banking and Finance Conference, Abubakar Suleiman, has described the wave of resignation in the banking...

Banks’ lending cost to rise as CBN raises interest rate to 14%

COST of funds for lending in Nigeria's banking sector could rise as the Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) today increased...
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Illicit financial crime is not victimless

Illicit financial crime like bribery, internet fraud and tax avoidance is not victimless. We all suffer. This is because, money lost to illicit financial...

What is illicit finance?

illicit financial Crime Costs Us $18bn Bribery, non-payment of tax or using the proceeds of crime are just some examples of illicit Financial Transactions. Every...

Tier-1 banks lend MSMES N1.70trn in 12 months

IN ONE year, Nigerian tier one banks have lent a sum total of N1.70 trillion to customers in small businesses across various sectors. This is...
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Nigeria is targeting $200 billion from non-oil exports – Emefiele

GOVERNOR of the Central Bank of Nigeria (CBN) Godwin Emefiele has called for collaboration among stakeholders in the non-oil export value-chain, noting that the...

INSIDE STORY: Illegal loan apps ‘victims’ form groups to seek retribution, vow not to repay

By Bankole Abe and Omolola Pedro DEBT collectors for many loan apps in Nigeria exploit unconventional techniques to shame defaulting borrowers to retrieve loans. This has...

What CBN’s 13 % lending rate means for dollar speculators, political primaries

THE Tuesday, May 24, 2022 decision by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) meeting that put the lending rate at...
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