BANKING

December 9, 2019

CBL: Commercial Banks Profits Plummet by 25%

Tripoli, 8 December 2019(Lana) Figures released recently by the Central Bank of Libya have shown that commercial banks profits had fallen by 25.2% to LD 618.5 million in the third quarter of the current year compared to the same period of 2018 which reached LD 827.2 million. Recent figures"...

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December 9, 2019

Citi Private Bank Issues Outlook 2020: Global Growth Can Endure Over the Coming Year

Citi Private Bank today released its Outlook report for 2020, titled, “Staying Positive in a Negative (Yielding) World.” The twice-yearly publication provides in-depth insights into the global economy and financial markets for the coming year, and highlights important multi-year"...

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December 5, 2019

CBN to Auction N795bn Treasury Bills in Q1 2020

The Central Bank of Nigeria (CBN) will in the first quarter of 2020 issue treasury bills worth a total of N795.427 billion.

The debt instrument would be made up of 91-day, 182-day and 364-day bills.

"...

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December 4, 2019

FSDH Merchant Bank Commences Custom Duty Collecting Services-Libya

FSDH Merchant Bank has officially begun operations as a Custom Duty Collecting Bank in Nigeria.

This, according to a statement, has paved the way for other Merchant Banks across the country to be afforded the"...

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December 4, 2019

Rand Merchant Bank Unveils Custody Offering

Rand Merchant Bank Nigeria (RMBN) has launched its custody offering, a banking solution aimed at enhancing the ‘post-trading’ activities of clients.

The financial institution over 25 years ago commenced"...

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December 2, 2019

TAJBank Commences Operations Today

TAJBank, Nigeria’s second non-interest financial institution will today officially open its doors to customers as it commences operations in Abuja.

Speaking in an interview with THISDAY, the founder and"...

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December 1, 2019

Seven banks to contribute LD 150 to Credit Guarantee Fund

Seven of Libya’s leading banks (Jumhouria, Assaraya (ATIB), Sahary, North Africa, Waha, Wehda and Alyaqeen banks) will contribute to a LD 150 million Credit Guarantee Fund to help drive growth in the Libyan economy.

The"...

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November 27, 2019

Ovia, Others for Zenith Bank Tech Fair

The Zenith Tech Fair is to hold in Lagos, today. Some of the dignitaries and industry experts expected at the event include the Founder and Chairman, Zenith Bank Plc, Mr. Jim Ovia; Country Director, Google Nigeria, Juliet Ehimuan-Chiazor; Country Manager, Microsoft Nigeria, Akin Binuso;"...

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November 25, 2019

Fidelity Bank Rewards More Customers in Promo

Fidelity Bank Plc has rewarded more of its customers in its ongoing ‘Get Alert in Millions (GAIM) Season 4,’ with 13 cash winners and consolidation prize winners, at the weekend.

The winners who emerged"...

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November 12, 2019

Libya Targets Foreign Investors in “Vast” Reconstruction Drive

Libya is reportedly preparing to launch a comprehensive reconstruction program with the support of international organizations including the World Bank.

Xinhua quotes Libyan Minister of Planning Taher Al-Juhaimi"...

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