Banking

As part of corporate realignment and repositioning for its next growth phase, Fidelity Bank Plc named Gbolahan Joshua, Obaro Odeghe and Hassan Imman as executive directors in as part of effort to drive what the next growth phase of the bank.   The appointments were made by the bank’s board following a recent meeting in Lagos where approval was give for Joshua to become executive director/chief operations and information officer; […]

The Revenue Mobilisation Allocation and Fiscal Commission has secured the approval of the National Economic Council to probe banks over the collection of stamp duties, an investigation has shown. The probe would involve a forensic investigation of the funds that have so far accrued to the Federal Government through the electronic collection of stamp duties […]

European Central Bank (ECB) President Mario Draghi made further dovish comments on Wednesday, suggesting there could be another delay in hiking interest rates if required. Speaking at a conference in Frankfurt, Draghi said that “adjusting our rate forward guidance” is an option to fulfill the bank’s inflation target. “Our current reaction function is well designed […]

 JPMorgan is asking around 300 staff in its London office to sign new contracts that will require them to move to one of the bank’s other hubs in the European Union if there is a no-deal Brexit, according to a person familiar with the matter. This is part of JPMorgan’s plans to shift hundreds of […]

The maiden awards night of the Securities and Exchange Commission (SEC) tagged ‘Committed Partnership’ held Tuesday night in Lagos.   According to the SEC, the awards played host to some of the country’s dignitaries including finance minister, Zainab Ahmed who pledged the government’s commitment towards building a vibrant capital market that would contribute to the growth […]