Daily Record

Fidelity Bank wins Best Green Partner 2015 Award

Fidelity Bank Plc, one of the country’s most diversified financial institutions has been adjudged the “Best Green Partner 2015” by the Lagos State Government at the recently concluded 2016 Tree Planting Day. The organisers of the event said that Fidelity Bank was given the award in recognition of the Bank’s …

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Nigeria banks groan over breakdown in correspondent Banking

ABOVE PHOTO: Christine Lagarde, managing director of the International Monetary Fund, at a press conference at the Treasury in London in May. PHOTO: ZUMA PRESS Costly regulations and business preferences are causing Western banks to terminate or suspend correspondent banking relationships with smaller foreign jurisdictions. According to the IMF said …

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Buhari’s wife sues Fayose over Halliburton allegation

Aisha-Buhari The wife of President Muhammadu Buhari, Aisha, has sued the Ekiti State Governor, Ayo Fayose, for alleging that she was indicted in the Halliburton multi-million dollar scandal. The governor claimed that Aisha Buhari was named in a document that stated she was one of those indicted in the celebrated …

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AMCON; AHMED KURU, M.R.S AND A CRAZY WIND-DOWN MOVE

The Asset Management Corporation of  Nigeria, under Ahmed Kuru appears to be fast losing grip of its mandate, which is to help businesses recover rather than  destroy them. It just has announced it had initiated steps to wind down MRS Holdings Limited over its inability offset its N81bn debt. Another …

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Zenith Bank launches mobile banking solution

Peter Amangbo, Zenith Bank GMD Zenith Bank Plc has launched a new mobile banking solution to make banking simpler and interesting. The bank’s *966# Eazybanking solution, which was recently launched into the Nigerian market, will complement the effort of the Central Bank of Nigeria (CBN) to build a cashless economy …

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BoI signs MoU with Ecobank on financial inclusion

BoI Ag. CEO, Waheed Olagunju The Bank of Industry (BoI) and Ecobank Transnational Incorporated, have signed a memorandum of understanding on promoting financial inclusion. The partnership between the two banks is a roll out of an Africa-wide financial inclusion programme, initiated by Ecobank, to address lack of inclusive growth on …

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