Nigerian Bank Nigeria Standard Chartered Bank

Electronic payment firms have intensified competition for Nigeria’s $4 billion electronic payment market with new products aimed at increasing market share. Nigerian Bank Nigeria First Bank of Nigeria Plc

Standard Bank is looking to ramp up its business in oil-rich Angola, and has no plans to slow down in fast-growing Nigeria, the head of Africa’s biggest bank. Nigerian Bank Nigeria Standard Chartered Bank

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says the Sovereign Wealth Fund being proposed by the Federal Government is illegal, as its foundations are not rooted in the provisions of the country’s constitution. Nigerian Bank Nigeria Standard Chartered Bank

STANDARD Chartered Bank Nigeria has commenced the process of replacing all its magnetic stripe cards with chip and pin cards and simultaneously, launched the Visa Gold and Infinite cards. Speaking the launch, Value Centre General Manager, Consumer Transaction Banking/Wealth Management, Mrs. Ijeoma Anusionwu, advised customers of the bank to come in and exchange their magnetic stripe moneylink and visa cards for chip cards before the end of August as the bank will disable the magnetic stripe cards after the 31st of August 2010. Nigerian Bank Nigeria Standard Chartered Bank

Standard Chartered Bank has launched a Women in Business Resource Centre, an online tool designed to help women entrepreneurs start and grow their own businesses. Nigerian Bank Nigeria Standard Chartered Bank

First Bank of Nigeria Plc has obtained a 3-year medium term loan facility worth USD350 million from Standard Chartered Bank, UK. The purpose of the facility is for general financing requirements. In terms of local currency, the facility amounted to N52.5 billion, thus improving the bank’s balance sheet and providing increased capacity for lending to the critical sectors of the economy, such as power, telecommunication, agriculture, manufacturing, among others. Nigerian Bank Nigeria First Bank of Nigeria Plc

A financial expert, Razia Khan, has blamed the banking crisis in Nigeria on short time frame for increased capitalisation and inevitable rush to increase shareholders’ returns on investment. Nigerian Bank Nigeria Standard Chartered Bank

At the last count, over N1.5 trillion additional provisions on non-performing loans and other known losses were made by the eight stressed banks. Intercontinental Bank Plc. made bad loans provision of N436 billion and loss of N328 billion; Wema Bank made bad loan provision of N116 billion and N29 billion loss as at 30th September 2009. Nigerian Bank Nigeria Afribank Nigeria Plc

STANDARD Chartered Bank has rolled out a $350 million (51.5 billion) facility to Obajana Cement Plc, a division of Dangote Group, for its business expansion programme. Nigerian Bank Nigeria Standard Chartered Bank