Tuesday, March 28, 2017

Nigerian Banks Spend N950m To Secure Networks Against Cyber- Crimes

Money deposit banks in Nigeria are said to have spent N950 million to secure their networks against external intrusions especially from cyber criminals, according to experts. Majority of the money were spent on the certification...

FirstBank Nigeria Promotes Food Economy Initiative

First Bank of Nigeria Limited, a subsidiary of FBN Holdings PLC has demonstrated its commitment to the development of the wellbeing of Nigerians through its support for the development of the agricultural value chain...

ICBC Expands Network With Labuan Branch, Other Countries

Industrial and Commercial Bank of China (Malaysia) Bhd (ICBC Malaysia) has expanded its operations with the opening of its Labuan branch, which is the fifth in the country and other countries. It said the Labuan...

South African Firm Invests $150m In Nigeria’s Retail Sector

Resilient Africa, the new investor from South Africa has commited a fresh investment in excess of USD150 million, an equivalent of N29.6 billion to the retail sector of the economy which in the past four to...

Awash Bank Now Accommodates Visa Card Holders In Ethiopia

Awash International Bank started receiving Visa card in addition to its existing services of MasterCard which was started one year ago. The Bank started the process to accommodate Visa after becoming a member of Visa...

Fidelity Bank Nigeria Commences Saturday Banking Services

Fidelity Bank Nigeria has declared that consistent with its commitment to exceptional customer service it has commenced Saturday banking services in select branch locations across the country. This initiative which is in line with the...

ABC Bank Launches Money Transfer Service to India

ABC Bank has launched a money remittance service for transfers from Kenya to India, as part of its growth and expansion strategy. The service dubbed iRem will be used to send money from Kenya using...
BoN

Angola To Pay U.S.$390 Million To BON For Kwanza

The Angolan central bank Banco Nacional de Angola has to pay US$390 million to Namibia because the Bank of Namibia has 32 billion kwanza in its vaults. This comes barely six months after the Bank...
ADB

ADB Signs Loan Agreement For Rubber Plantation Project

Agricultural Development Bank (ADB) said it has signed a concessionary loan agreement of 17.7 million euro with the Agence Francaise de Development (AFD) for the final phase of the Rubber outgrower plantation project. This phase...

Nigerian Banks Rake N400bn Half-Year Pre-Tax Profit Despite Economic Downturn

Nigerian banks and holding company (Holdco) financial institutions listed on raked-in pre-tax profit of N403billion in the first-half (H1) of 2015, despite economic downturn, reports Footprint to Africa. This record represents about 17 per cent...