Category: Money Market

IMF Applauds Nigeria Central Bank’s Monetary Policy Success

The International Monetary Fund the arm of the World Bank have finally acknowledges the Central Bank of Nigeria (CBN) its monetary policy, especially regarding the foreign exchange success efforts by the international financial community. The International Monetary Fund (IMF), in its recently released World Economic Outlook (WEO), had attributed Nigeria’s growth acceleration to “improved oil…

Unity Bank Rewards Winners in the UniFiers Project

As part of its new focus on the Youth segment and further to the launch of UNiFi product, the Bank’s new Youth and Digital Banking initiative,Unity Bank Plcrecently rewarded the creativity of three young people. These recipients – referred to as Unifiers – demonstrated their innovativeness and distinguished themselves in an online competition. The UniFiers…

Ecobank to rewards USD$10,000, USD$7,000, and USD$5,000 respectively in the Fintech Challenge Competition

Pan-African banking conglomerate, Ecobank has on Monday launched its 2nd annual fintech challenge competition for African startups. The initiative gives African startups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling-out their solutions across Ecobank’s 33 markets. “The maiden 2017 edition of the Challenge proved that Africa has an impressive…

GT Bank Q1, 2018’s Gross Earnings shows 4.65% higher to close at N108.97 billion

Guaranty Trust Bank Plc’s  Q1-2018 results were broadly positive, and the results shown positive performance in the top and bottom lines. In compared Q1 with last year, Gross Earnings stood at 4.65% higher than their restated values at N108.97 billion, PBT anchored 4.43% to hits N52.62 billion and PAT hits N44.67 billion representing 7.70% respectively.…

Keystone Bank partners CeLD, launches ‘CashToken’ customers

Fastest growing financial institution in Nigeria, Keystone Bank Limited, has partnered with a ‘Cash Reward as-a-Service Company’, CeLD Innovations Limited, to launch a ground-breaking product, ‘CashToken’, a new age of hyper consumer centricity in Nigeria.   The new innovative product, CashToken, which was formally launched in Lagos on Thursday April 19, 2018 at a conference…