Three Bank Chiefs Quit NESG Over Criticism Of CBN Policies       The three chief executive officers of banks who are members of the board of the Nigeria Economic Summit Group (NESG) may have pulled out yesterday over the group’s criticism of some policies of the Central...

Loans: First Bank Commits N10bn To Education   First Bank of Nigeria Limited has announced that within the last year, it has supported educational institutions in the country with loans in the sum of over N10 billion. The bank’s support is carried out through its FirstEdu product,...

First Bank, World Remit Collaborate On Digital Money Transfers   First Bank of Nigeria Limited has struck a partnership with WorldRemit to provide digital money transfer service to its customers. The Deputy Managing Director, First Bank of Nigeria, Mr. Gbenga Shobo, described the initiative as a collaboration...

The 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year. The mobile company took the loan four years ago from a consortium of...

Banks are now looking for customers to buy the surplus greenback currently in their vaults, following the recent interventions by the Central Bank of Nigeria (CBN) in the interbank market. In a bid to close the gap between the interbank and parallel market rates, the...

The naira is expected to appreciate further this week following the Central Bank of Nigeria’s approval of dollar sale to Bureau De Change operators. The CBN has given approvals to First Bank of Nigeria Limited and Travelex, a global foreign exchange company, to commence sale...