Banking and Finance

CBN policy pushing banks to adopt cross-border expansion

MORE Nigerian banks will adopt cross-border expansion in the face of tight regulation, over-concentrated risk, and the desire to...
Ehime ALEX -

IMF says $4.7bn needed to close loan gap in Africa ahead of October meeting  

THE International Monetary Fund (IMF) says it needs a total of $4.7 billion to close the loan resource gap...
Ehime ALEX -

UBA, Jaiz, FCMB, Stanbic IBTC pay N1.38bn fine for money laundering, other offences

THE United Bank for Africa (UBA) Plc and three other banks have paid a fine to the tune of...
Ehime ALEX -

DMO reopens four FGN bonds at N360bn targeted at budget financing

THE Debt Management Office (DMO) said it has reopened for subscription four FGN bonds valued at N360 billion, as...
Ehime ALEX -
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Rising inflation, interest rates putting banks at risk – IMF

THE International Monetary Fund (IMF) says the global financial system is being tested by higher inflation and interest rates,...
Ehime ALEX -

Investors lose N674bn as interim govt rumour hits stocks

THE overall market value of stocks traded at the floor of the Nigerian Exchange Limited (NGX) fell by N674.53...
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