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Banking
Macro Economic Challenges Thrust 12 Banks’ Operating Expenses to N5.18tn
Twelve Nigerian banks listed on the Nigerian Exchange Limited (NGX) reported a combined operating expense of N5.18…
FCMB Group Shareholders Approve N340 Billion Capital Raise
FCMB Group Plc has secured shareholder approval to raise N340 billion in capital to strengthen its banking…
UBA to Expand SMEs Lending, Invest in Digital Technology with N239.4bn Rights …
United Bank for Africa (UBA) Plc has announced plans to utilize the net proceeds of its ongoing N239.4 billion…
Sterling Bank honored for advancing tourism, transportation
Sterling Bank has been named the “Outstanding Banking Partner for Tourism and Transportation of the Year” by the…
CBN’s Market Discipline Boosts Banking Efficiency and Transparency
The Central Bank of Nigeria (CBN) has intensified efforts to enhance banking efficiency and transparency through…
Fitch predicts tough 2025 for Nigerian banks, others
Fitch Ratings has projected a challenging year ahead for African banks, including Nigerian financial institutions,…
UBA Raises N239.4bn to Strengthen Lending and Global Expansion
United Bank for Africa (UBA) is set to raise N239.4 billion through a rights issue to support its growth and…
High currency in circulation fails to tame cash scarcity
Cash scarcity continues to trouble Nigerians despite the Central Bank of Nigeria (CBN) reporting a record high of…
Recapitalisation: ASSIBIFI president underscores impact on banking industry
Olusoji Oluwole, the president of the Association of Senior Staff of Banks, Insurance, and Financial Institutions…
Access Bank UK bolsters Europe-Africa trade, unveils Malta branch
Access Holdings Plc has announced the launch of The Access Bank Malta Limited, a fully owned subsidiary of The…
Tier-1 banks drive NGX market cap to N5.93trn YTD
Tier-1 banks in Nigeria have significantly contributed to the year-to-date (YTD) growth of the Nigerian Exchange…
Chukwu Calls for Tech Adoption in Nigerian Banks’ Recapitalisation to Boost…
Johnson Chukwu, Group Managing Director of Cowry Assets Management Limited, has urged the Central Bank of Nigeria…
FirstBank unveils entertainment hub
FirstBank has launched Bluu TV, a new entertainment hub designed to support Nigeria's creative arts sector, as…
FCMB Group Plc Reports 67% Profit Before Tax Growth to ₦91.8 Billion
FCMB Group Plc has announced a 67% growth in Profit Before Tax (PBT) to ₦91.8 billion for the nine months…
FCMB begins cash rewards for customers
First City Monument Bank (FCMB) has launched the 10th edition of its "Millionaire Promo," a nationwide campaign to…
Minority shareholders rally behind UBA’s N239bn rights issue
United Bank for Africa (UBA) Plc has launched a N239.4 billion rights issue, offering existing shareholders 6.84…
Banks raise withdrawal limit to N50,000
Deposit Money Banks in the Federal Capital Territory have increased their maximum over-the-counter daily…
FCMB Millionaire Promo Set to Reward 20 Customers Nationwide
First City Monument Bank has launched the 10th edition of its ‘Millionaire Promo,’ designed to reward and empower…
Access Bank Drives Digital Transformation to Expand Financial Inclusion and…
Robert Giles, Senior Banking Advisor at Access Bank Plc, highlights the bank’s strides in digital innovation and…
Keystone Bank Rewards Loyal Customers in ‘Welcome Back Campaign Promo
Keystone Bank, a prominent financial institution in Nigeria, recently concluded its "Welcome Back Campaign Promo,"…
Nigerian Banks Launch Major Rights Issues to Meet Recapitalisation Mandate
In response to the Central Bank of Nigeria's recapitalization directive, several banks are collectively turning to…
Fidelity Bank Launches GAIM 6 Promo with N159 Million Cash Prizes
Fidelity Bank has unveiled the 6th edition of its "Get Alerts in Millions" (GAIM) promo, offering over N159…
FCMB Partners with EStars to Bring Esports Education to Nigerian Schools
First City Monument Bank (FCMB) is working with EStars to bring esports education to Nigerian schools. They want…
Stanbic IBTC Launches DiSEP 4.0 Empowers Nigerian Youths
Stanbic IBTC Holdings, a member of the Standard Bank Group, has introduced the fourth edition of its Digital…
CBN Refutes Allegations Of Withholding Foreign Currency Transfers
The Central Bank of Nigeria (CBN) has denied allegations that it withholds foreign currency transfers into…
NGX banking index records 17.4% year-to-date growth
The Nigerian Exchange Limited (NGX) banking index has shown a strong growth of 17.38% year-to-date, reflecting the…
Unity Bank Boosts Savings Culture with Financial Literacy App
Unity Bank Plc has unveiled plans to launch a financial literacy app targeted at children and teenagers to…
Access Bank Named Nigeria’s Sole Firm on Forbes 2024 World’s Best Employers List
Access Bank PLC has been recognized as the only Nigerian company on Forbes' 2024 World’s Best Employers List,…
Renewed Interest in UBA, Zenith Bank, 28 Others Lift Stock Market
The Nigerian Exchange Limited (NGX) closed positively on the previous trading day, recording a 0.16% gain, driven…
UBA and Mastercard Unveil 75th Anniversary Commemorative Card with Exclusive…
To celebrate its 75th anniversary, the United Bank for Africa (UBA) has partnered with Mastercard to launch a…