Global payment company, MasterCard, has said the cash-less policy of the Central bank of Nigeria and the use of MasterCard cards for financial transaction are already yielding encouraging results. The Vice-President and Area Business Head, MasterCard West Africa, Omokehinde Ojomuyide, who stated this in Lagos, stressed that the development had […]

The Central Bank of Nigeria has clarified the raging controversy over the N200bn it allegedly advanced to the Nigerian Export Import Bank as stabilisation fund. At a session with the House of Representatives Committee on Banking/Currency in Abuja, the Acting Governor of the CBN, Mrs. Sarah Alade, denied that the […]

Skye Bank Plc has raised a total of $150m tier-2 capital as part of the measures to beef up its equity and working capital. Additional tier 2 capital is expected to be raised by the end of July this year. A statement by the bank quoted its Group Managing Director/Chief […]