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Afreximbank has invested $17 billion in Nigeria to date
14-06-2018 | 14:38:00
The African Export-Import Bank approved financing amounting to $17 billion for Nigerian entities between its commencement of operations in 1994 and last December, Bank President Dr. Benedict Oramah has said.
Union Bank receives PCI DSS recertification, ISO 27001 certification
12-06-2018 | 12:00:39
Union Bank, one of Nigeria’s most trusted financial institutions has announced its attainment of the Payment Card Industry Data Security Standard (PCI DSS) version 3.2 recertification and the International Organisation for Standardisation ISO/IEC 27001:2013 certification.
CBN issues guidelines on currency swap deal with China
11-06-2018 | 14:58:00
The Central Bank of Nigeria (CBN), on Thursday, released guidelines for the bilateral Currency Swap agreement between Nigeria and China.
Buhari appoints new Central Bank Deputy Governor
11-06-2018 | 14:53:30
President Muhammadu Buhari has approved the nomination of Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria subject to Senate confirmation.
First Bank, WorldRemit in digital money transfer partnership
07-06-2018 | 10:42:43
Digital money transfer service WorldRemit has joined forces with First Bank of Nigeria Limited (FirstBank) for instant money transfers to First Bank accounts in Nigeria.
Microsoft Nigeria, First Bank collaborate to bolster SMEs
07-06-2018 | 10:14:00
Microsoft and First Bank of Nigeria will collaborate to provide small- and medium-sized businesses (SMBs) with an array of resources and support, including business networks, technology services and SMB-targeted products.
Union Bank introduces robotics to Banking
28-05-2018 | 10:30:57
Union Bank has announced the deployment of the innovative Robotic Process Automation (RPA) technology in its operations; a first in the Nigerian Banking industry.
African Development Bank approves $100m loan to Indorama for expansion of fertilizer production
21-05-2018 | 08:29:00
The African Development Bank has approved $100m senior loan to Nigerian firm, Indorama Eleme Fertilizer & Chemicals, to support the company’s plans to double its fertilizer production from 1.4 million tons of urea to 2.8 million tons per annum.
Diamond Bank posts N1.8bn for Q1 2018 in mobile banking revenue
15-05-2018 | 14:28:05
Diamond Bank has released its Q1 2018 unaudited financial results on the floor of the Nigerian Stock Exchange, highlighting realignment in its group structure with a strong focus on the Nigerian market.
Nigerian Banks must deploy technology to adapt to regulatory changes and risk management - SAS
15-05-2018 | 10:33:00
As one of the most regulated industries in the world, banks are under pressure to not only comply with constantly changing regulations but also to modernise their systems.