A central feature of the chequered history of the Chartered Institute of Bankers of Nigeria has been the sustained struggle to enthrone professional excellence in the banking industry in Nigeria. The history of the Institute dates back to November 28, 1963 when one hundred and twenty four bankers assembled at Randle Hall, Surulere and consequently passed a resolution for the establishment of the Local Centre of the Institute of Bankers, London, in Nigeria with the mandate of promoting banking education in Nigeria and esprit-de-corps among professional bankers. Thirteen (13) years after being successfully run as a local center and having gained considerable administrative experience and recorded significant success in training and educating its members, the Institute was registered in 1976 as the Nigerian Institute of Bankers, a company limited by guarantee. But it was not until 1977 that it became operational and autonomous. The metamorphosis of the Local Centre into the Nigerian Institute of Bankers represents a story of particular worth in that the attainment of this autonomous status was a fulfillment of a dream long conceived.

The Money Market Association of Nigeria (the Association) was until recently (2009), an Association of the Treasurers of licensed Banks and Discount Houses in Nigeria.Its history is embedded in the history of the money market itself. However, in 1976/77 an informal body was started and was formalized and registered on May 12, 1989 under the Land (perpetual Act) Cap 98 with registration No. 5373.

Mortgage Banking Association of Nigeria is the Umbrella Body for all bonafide Primary Mortgage Institutions (PMIs) duly Licenced to operate by the Central Bank of Nigeria (CBN) as catalysts for Mortgage /Housing Sector Development in Nigeria.

A new banking era after Sept 30 - Vanguard

BusinessDay

A new banking era after Sept 30 Vanguard While the five rescued banks, viz: Oceanic Bank International Plc, Finbank Plc, Union Bank of Nigeria Plc, Equitorial Trust Bank Limited (ETB) and Intercontinental Bank Plc scaled through by securing core-investors, Spring Bank (now Enterprise Bank), ... Bank-Nigeria: 800b Naira set aside to recapitalise rescued banksAfrique en Ligue Global Partners Now Union Bank's Core Investor – ThisDayNigerian Bulletin Shareholders approve Union Bank recapitalisationBusinessDay Nigerian Tribune -Arab News -Leadership Newspapers all 13 news articles »

Union Bank Nigeria Shareholders Approve Recapitalization - BusinessWeek

Union Bank Nigeria Shareholders Approve Recapitalization BusinessWeek 30 (Bloomberg) -- Union Bank Nigeria Plc's shareholders approved a recapitalization plan by African Capital Alliance, its core investor, Chief Executive Officer Funke Osibodu said. Investors also okayed a rights offer, she told reporters in Abuja, ...

CBN to extend Islamic banking to other financial sectors - Vanguard

AfricaNews

CBN to extend Islamic banking to other financial sectors Vanguard THE Central Bank of Nigeria, CBN, said that plans are underway to extend the non-interest banking or Islamic banking principles to non-banking financial services. Some non-bank financial institutions, such as insurance companies, ... CBN identifies odds against Islamic bankingNigerian Tribune Challenges of non-interest banking, by CBNThe Nation Newspaper Religious leaders divided over Islamic banking in NigeriaAfricaNews Leadership Newspapers -Financial Times (blog) -AllAfrica.com all 14 news articles »

First City Nigeria Shareholders Approve Takeover of FinBank - BusinessWeek

Leadership Newspapers

First City Nigeria Shareholders Approve Takeover of FinBank BusinessWeek The Lagos-based lender was one of eight banks whose top executives were fired by the Central Bank of Nigeria after loans to equity speculators contributed to non-performing debt that put the banking industry on the verge of collapse. ... FCMB shareholders approve Finbank acquisitionVanguard FCMB, FINBANK Hold EGM Despite Court OrderLeadership Newspapers Curtain Falls on Recapitalisation of Rescued BanksTHISDAY Live Moment Nigerian Newspapers -The Nation Newspaper -BusinessDay all 9 news articles »

Standard Bank May Buy Guaranty of Nigeria, Analysts Say - BusinessWeek

Leadership Newspapers

Standard Bank May Buy Guaranty of Nigeria, Analysts Say BusinessWeek Africa's largest lender said last month it may buy a consumer bank in Nigeria. Guaranty, Nigeria's second-biggest lender, is the most likely target because of its high return on equity and wide margins, according to Ilan Stermer, a Johannesburg-based ... First Bank, Others Win Awards In WashingtonLeadership Newspapers Standard Bank launches new branch in Ajao Estate, NigeriaistockAnalyst.com (press release) Standard Bank Group : takes top accolades during Washington summit season4-traders (press release) all 12 news articles »

Nigeria: Bank Recapitalization - Sanusi Assures On Sept Deadline - AllAfrica.com

Leadership Newspapers

Nigeria: Bank Recapitalization - Sanusi Assures On Sept Deadline AllAfrica.com Malam Sanusi Lamido Sanusi, the Governor of the Central Bank of Nigeria (CBN), has assured the international community that all banks in the country will be recapitalised by September 30. The CBN governor gave the assurance at the ongoing Annual ... UPDATE 2-Nigerian central bank breaches naira support bandReuters CBN denies setting up Mainstreet BankVanguard Sanusi wins African Central Bank Governor AwardThe Nation Newspaper Moment Nigerian Newspapers -BusinessDay -Daily Sun all 46 news articles »

Nigeria's Oceanic Bank wins approval for ETI merger - Reuters

BusinessDay

Nigeria's Oceanic Bank wins approval for ETI merger Reuters ABUJA, Sept 27 (Reuters) - Shareholders of rescued Nigeria's Oceanic Bank on Tuesday approved the planned merger with pan-African banking group Ecobank Transnational Incoporated. At a court-ordered meeting, the shareholders consented to all the ... Oceanic Bank shareholders approve ETI acquisition dealVanguard ETI shareholders approve raising $3bn for Oceanic Bank acquisitionDaily Sun FG: All Banks to Get Public Sector FundsTHISDAY Live BusinessDay -Middle East North Africa Financial Network all 13 news articles »

Nigeria Central Bank Governor Still Expects Inflows - Wall Street Journal

Myjoyonline.com

Nigeria Central Bank Governor Still Expects Inflows Wall Street Journal NEW YORK (Dow Jones)--Despite growing turmoil in global financial markets, the head of Nigeria's central bank said his country still expects to see net inflows of money coming into the country and that it isn't intervening at the moment to shore up its ... World Bank to assist Nigeria on job creationMyjoyonline.com Banks to be fully capitalised by Sept end – CBNVanguard Photo: Sun News PublishingDaily Sun Moment Nigerian Newspapers -NEXT -The Nation Newspaper all 21 news articles »

Central Bank Of Nigeria Raises Lending Rate To 9.25% - Leadership Newspapers

Reuters Africa

Central Bank Of Nigeria Raises Lending Rate To 9.25% Leadership Newspapers The Central Bank of Nigeria yesterday increased the benchmark lending rate by 50 basis points from 8.75 per cent to 9.25 per cent. The anticipated one per cent reduction in government's recurrent expenditure in the annual budget, the bank said, ... Central Bank Of Nigeria Hikes Rate 50bps To 9.25%Daily Markets CBN tightens monetary policy…raises interest rate to 9.25% as Naira dropsVanguard Diversifying Nigeria's forex reservesDaily Sun Bloomberg -AllAfrica.com -BusinessDay all 51 news articles »

Nigeria Central Bank Governor: To Invest 5% To 10% Of Reserves In Yuan - Wall Street Journal

Nigeria Central Bank Governor: To Invest 5% To 10% Of Reserves In Yuan Wall Street Journal (Adds research report on Nigeria's currency peg in ninth paragraph, comments on outlook for oil prices in 10th paragraph.) BEIJING (Dow Jones)--Nigeria plans to invest 5% to 10% of its foreign-exchange reserves in the yuan, the country's central bank ... Stanbic IBTC gets CBN approval for mobile payment servicesVanguard Economy: Nigeria to include Chinese yuan in external reservesAfrique en Ligue all 66 news articles »