Despite a recent statement by Standard Bank stating that it has solved the problem of its credit cards being rejected on non-Standard Bank Point Of Sale (POS) terminals. The Economist has it on good record that the problem is not

Former Minister of Works and current Chairman of the Board of Nigeria Ports Authority (NPA), Chief Tony Anenih yesterday denied owing Spring Bank a whopping N2.065 billion, explaining that he had nothing to do with Mettle Energy and Gas Limited

Chairman of the Economic and Financial Crimes Commission, Mrs Farida Waziri, yesterday arrived Lagos in preparation to arrest the three sacked chief executive officers of Bank PHB, Equitorial Trust Bank Plc and Spring Bank.

The Managing Director/CEO, GTB, Mr. Tayo Aderinokun, has won the 2009 African Banker of the Year Awards at the African Business Awards held at the World Bank/IMF Annual Meetings in Istanbul, Turkey, which is aimed at identifying and rewarding the

The draft national development plan by the national development authority is not sustainable.

PDP chieftain Chief Tony Anenih, Mr. Femi Otedola, Alhaji Aliko Dangote and Chief Kola Daisi led the list of prominent politicians, business moguls and academics listed by the Central Bank of Nigeria (CBN) yesterday as having non-performing loans of about

TOTAL bank deposits increased to US$739 million as at September 30 from US$200 million in February this year.

FNB Namibia is facing criticism from within its ranks, over what has been described as racial discrimination, prejudice and unfair treatment of the bank's black employees and customers.

In its efforts to stop further investigations by the police and the Economic and Financial Crimes Commission (EFCC) into the N150 million forex scam involving its Opebi (Lagos) General Manager Mr. Steve Ogwa, Sterling Bank Nigeria has dragged the two

Many of the debtors whose names were published by the Central Bank of Nigeria (CBN) as owing the eight sick banks of over N400billion of marginal loans, have denied ever owing such debts.

Former Vice-President Atiku Abu-bakar yesterday explained his involvement in a non-performing loan granted him by Spring Bank Plc and promised to settle the debt "soon".

The Senate yesterday rounded off its closed door session with the Central Bank of Nigeria(CBN) Governor, Malam Sanusi Lamido Sanusi, where it received briefing from Sanusi on his on-going actions in the banking sector.

THE Abu Dhabi Group has injected $10m (about sh20b) to capitalise the National Bank of Commerce.

The Bank of Tanzania (BoT) governor, Prof Beno Ndulu, has dismissed as unnecessary the proposal to establish an independent body that will supervise and regulate the financial sector.

The Institute of Directors Nigeria (IoD) has thrown its weight behind Central Bank of Nigeria Governor, Malam Sanusi Lamido Sanusi in the ongoing banking reforms.

The Government has started paying pensioners directly through their bank accounts.

Vehicle owners, commercial drivers and their mates in Hohoe and Kpando have appealed to government to review motor insurance policies that excluded them from receiving claims after accidents.

THE Central Bank, CBN, yesterday, made good the promise by its Governor, Sanusi Lamido Sanusi, to publish the list of those indebted to the four banks that failed the second phase of the its audit test and whose managements were