Sterling Bank Plc has been recognised for its community banking services.
The bank said in a statement that it won the Banking in the Community Award at the Bank of the Year 2019 Awards in London, the United Kingdom.
The World Bank has raised doubts over the sustainability of Nigeria’s public debt.
Nigeria’s total public debt, which stood at N21.73tn as of December 31, 2017, rose to N25.7tn as of June 30, 2019, according to data from the Debt Management Office.
FIRST Bank of Nigeria Limited has announced the appointment of Ado Yakubu Wanka as Non-Executive Director.
Speaking on his appointment, Chief Executive Officer, First Bank of Nigeria Limited, Dr. Adesola Adeduntan, said: “We are delighted to welcome Alhaji Ado Yakubu Wanka, to the FirstBank Board. We are especially excited that he is bringing a combination of complementary skills and rich experience to the table which will no doubt enhance the quality of governance towards meeting our strategic goals”.
Banks, insurance companies and government institutions in Nigeria spent an estimated sum of N270.22m to prevent cyberattacks in 2018.
According to a latest African cybersecurity study by Demadiur Systems Limited, some of the funds were used in the procurement of hardware and software such as Antivirus, load balancer, network access controls, among others.
Stanbic IBTC Bank Plc has reaffirmed its interest in the growth of the Nigerian entertainment industry in Nigeria. The bank has reiterated its support for the construction of various cinemas as well as the provision of infrastructure to galvanize growth in the industry.
Enterprise Finance Officer, Enterprise Banking, Stanbic IBTC Bank Plc, Damian Umeasala disclosed this at the maiden edition of The Entertainment Fair and Festival Conference (TEFFEST). The theme of the event which held at The Podium, Lekki, Lagos was ‘Entertainment is Life: Welcome to the Future’.
Fidelity Bank Plc on Thursday gave a total of N19m as cash prizes to 13 winners across the country in its ‘Get alert in millions savings promo.’
At the draw held in Abuja,Nigeria the bank also gave out 18 consolation prizes consisting of refrigerators, and television sets among others to 18 lucky winners.
A total volume of 800.2 million transactions valued at N42.76tn were recorded in the third quarter of 2019, as data on electronic payment channels in the Nigeria banking sector revealed.
The National Bureau of Statistics disclosed in its selected banking sector data: Sectoral breakdown of credit,e-payment channels and staff strength’s report for third quarter of 2019.
THERE are indications that banks have stopped financing ship acquisition in Nigeria following underhand dealings leading to their loss of funds to bad loans in previous deals.
Vanguard Maritime Report gathered that banks were willing to give loans for ship acquisition in the past until some shipping operators devised a means of using the loans to get old refurbished ships at far less than the amount collected from the banks and afterwards, abandoned such ships on the grounds that they were serviceable.