NDIC seeks stronger ethical standards in banking sector

The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has stressed the need for effective collaboration between regulators and operators in the banking system for enforcement of sound ethical standards and professionalism in the banking industry. A statement issued by the corporation’s Head, Communications and Public Affairs, Mohammed Kudu Ibrahim, quoted the […]

CIBN plans conference to connect MSMEs funding gaps

The Chartered Institute of Bankers of Nigeria (CIBN) has announced plans to host its Annual Banking and Finance Conference, positioned to provide a platform for all stakeholders in the industry, to exchange ideas, and tackle issues affecting the finance sector and the economy at large. This year’s conference, the 11th edition, scheduled to hold from […]

Fintechs pose new challenges to traditional banking – CIBN

The Chartered Institute of Bankers of Nigeria (CIBN), Lagos State branch, has said that the spate of increasing deployment of financial technology by banks to offer real time services and products to their customers will re-define the future of banking in the country. The Chairman of the Lagos branch of the professional body, Mr. Kola […]

Moghalu seeks bank for women to boost entrepreneurship

A former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has called for the establishment of a “Bank for Women” to support women entrepreneurial endeavours in the country. Moghalu, who made the call at the Chartered Institute of Bankers of Nigeria (CIBN) 2018 Annual Lecture on Friday in Lagos, said that […]

CIBN President flaws capital expenditure provision in 2018 budget

The President of the Chartered Institute of Bankers of Nigeria, (CIBN), Prof. Segun Ajibola, has described the provision of N2.8 trillion as capital expenditure in the 2018 budget as grossly inadequate given the massive infrastructure gap in the country. Ajibola was quoted as saying that the sum will not help in achieving the development objectives […]

Bankers’ professional body tasks Legislature FSS Bill

  The Chartered Institute of Bankers of Nigeria (CIBN) has charged the National Assembly to expedite deliberations on the Financial System Strategy (FSS) Bill to facilitate its enactment and by implication, complement various policy measures targeted at promoting financial inclusion and strengthen electronic payment system in the country. The professional body in a statement issued […]