Sterling Bank Plc says it has obtained an approval-in-principle by the Central Bank of Nigeria for its proposed non-interest banking business known as Alternative Bank Limited. Temitayo Adegoke, secretary at Sterling bank, said this in a...
A federal high court in Abuja has made an interim order freezing bank accounts of the Benue state government over its involvement in securing a “N333 million loan” in 2008. Inyang Ekwo, the presiding judge, gave...
The Central Bank of Nigeria (CBN), has announced that through three commercial banks it has financed railway infrastructure in Lagos to the tune of N60 billion. The banks are Access Bank Plc, Sterling Bank Plc...
The Federal High Court in Lagos has restrained Integrated Energy Distribution and Marketing Company Ltd and Polaris Bank from tampering with funds standing to their credit up to $6,759,000 or its equivalent in any currency...
The nine months 2020 financial results of 13 commercial banks show that they raked in a total of N36.759 trillion as customers’ deposits. This represented an increase of N6.931 trillion or 23 per cent as against...
Profit - taking took the stock market down by 2.5 per cent last week. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) shed 2.5 per cent to close at 34,136.82, while market capitalisation closed lower...