The Central Bank (CBN) threatened on Friday to sanction banks denying Small and Medium Enterprises (SMEs) access to foreign exchange (Forex) from the newly instituted SMEs Forex Window.
Union Bank of Nigeria plans to raise 50 billion naira ($164 million) by the end of the second quarter via a rights issue to boost its capital adequacy and tap
FXTM Research Analyst Lukman Otunuga comments on Gold charged to a fresh 5 month high at $1269 during early trading on Friday after reports were released that the U.S
A report from a Russian online cyber security firm, Kaspersky, has observed that North Korean hackers are allegedly attacking banks in 18 countries, including Nigeria.
Large financial institutions across the world could lose 24% of their revenue to financial technology companies over the next three to five years, according to a new
In line with the commitment to promote financial literacy and encourage a strong savings culture among children, FBN Merchant Bank Limited, a subsidiary of the FBN
Renaissance Capital, the leading emerging and frontier markets investment bank, is pleased to announce a series of executive management changes. Christophe Charlier has
FXTM Chief Market Strategist Hussein Sayed comments on the biggest one-day reversal in 14 years was significant enough to make headlines, but overall, markets still
The Capital Adequacy Ratios (CARs) of three big banks have fallen below regulatory capital requirement, the result of stress test conducted by the Central Bank of
The Federal Executive Council has approved a 1.3 billion dollars loan credit facility for the commencement of the Development Bank of Nigeria. The approval came on the
FXTM Research Analyst Lukman Otunuga comments on the Greenback cruised into the second quarter of 2017 with style as bulls propelled prices towards 100.60 amid the