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    Sterling Bank to Raise N31.2bn Additional Capital

    Sterling Bank' Plc shareholders have approved the bank's proposal to raise additional capital of N31.2bn.
    BusinessWorld notes that the shareholders at the bank's Annual General Meeting (AGM) in Lagos approved the plans to raise N12bn through a right Issue and N19.2bn through private placement.

    Ican Hosts EFCC, ICPC on ANTI-Graft Workshop


    L-R: Alderman Roger Gifford, Lord Mayor of London; Mr. Oscar Onyema, chief executive officer, Nigerian Stock Exchange; Mrs. Cathy Echeozo, deputy managing director, GTBank and Mr. Ibukun Adebayo, Head of Primary Markets, South Asia, Middle East and Africa, London Stock Exchange, at the UK-Nigeria investment Partnership Forum sponsored by GTBank recently in Lagos.
     The chairmen of both the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC) were engaged in a serious debate on how to salvage the nation from the vice grip of corruption on at the Women Development Centre, Awka, Anambra State.

    Social Media Eases Bank Customers’ Challenges

    Following  the recent launching of various social media platform in the country,  myriad of banking challenges faced daily by customers in the banking sector despite the full-scale reforms initiated by the Central Bank of Nigeria (CBN) would be reduced.

    Heritage Bank Partners CWG, Infosys on Banking Solution

    Heritage Banking Company Limited is partnering Infosys, a leading universal banking solutions provider for the deployment of Finacle banking solution..

    Fidelity Bank Sponsors Nigerian online Fair

    Fidelity Bank Plc has initiated the Nigerian Bloggers fair, a workshop geared at assisting bloggers, and new media writers in improving their skills in a profitable manner.

    '3.77m Nigerian Workers Contribute N106bn to Housing Fund’

    The Federal Mortgage Bank of Nigeria (FMBN) has said 3.77 million workers nationwide had so far contributed N106 billion to the National Housing Fund (NHF) as at March.
    The Managing Director of the Bank, Gimba Ya'u Kumo, disclosed this at the ongoing 2013 Lagos Housing Fair on Thursday in Lagos.

    Banks Lose N28.40bn to Fraud in 2011


    L-R: A student receiving a co-branded Access Early Savers-Dora the Explorer Lunch Box by Nickelodeon from Access Bank’s head, Product, Sale and Management, Mrs. Adeola Kusemiju, at the Bank’s exhibition stand during the just concluded Central Bank of Nigeria (CBN’s) Financial Literacy Fair and Exhibition in Abuja.
     By Niyi Jacobs

    Insured deposit money banks were in 2011 defrauded to the tune l of N28.40 billion, with expected loss of about N4.071 billion, Business world has gathered.

    LSE Listing Boosts GTBank's Operations


    L-R: Mrs. Yvonne Isichei, executive director, Lagos and West, Keystone Bank; Mr. Rotimi Pedro, executive director, Bloomberg TV Africa; Lindsey Oliver of Bloomberg Media Group; Mr. Philip Ikeazor, Managing Director/CEO, Keystone Bank and Mr. Ademola Adewale, executive director, Operation & Technology, Keystone Bank, during a courtesy call by top executives of Bloomberg TV Africa to Keystone Bank on Friday.
     Mrs. Cathy Echeozo , the Group Deputy Managing Director, Guaranty Trust Bank Plc, , has said the bank's listing on the London Stock Exchange  (LSE) is a boost to its operations.

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