Browsing: Banks

CBN limits daily placements by banks to N2 billion

World’s Central Banks Tackle Technology With Innovation Hub. Central Banks grappling with fast changing financial technology, companies like Facebook moving into finance will aim to work closely through an innovation hub approved by the Bank for International Settlements.

Stock market extends Bearish run as ASI down 123bps

First City Monument Bank Plc (FCMB) shareholders have expressed satisfaction with the 14 kobo dividend per share the board of director proposed for financial year 2018. The proposed dividend came on the back of improved performance in key metrics in its 2018 audited result

Goosh! It is school fees, again

Fidelity Bank Plc on Thursday announced gross earnings of N48.4 billion for the first quarter of the financial year 2019. According to the report, the gross earnings represented a growth of 11.8 per cent when compared with N43.3 billion achieved in the comparative period of 2018.

On the back of non-remittance infractions by banks, the lawmakers have initiated move to probe banks, and its regulatory arm, the Central Bank of Nigeria. As a result registered alleged failure in remittance of stamp duties collected, Stakeholders have asked the government to remove the burden the stamp duties places on banking transactions.

The past doesn’t define Union Bank Plc anymore but the road to the future is rocky.