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Banking
Banks witness 260.9% increase in impaired loans
According to data analyzed by BusinessDay, seven listed Nigerian banks, including Zenith Bank Plc, United Bank for!-->…
UBA expresses confidence in meeting new N500bn capital base
United Bank for Africa Plc (UBA) has affirmed its confidence in meeting the new capital base set by the Central!-->…
UBA outlines growth strategies for 2024
United Bank for Africa (UBA) Plc has unveiled its strategies to bolster growth prospects for the 2024 financial!-->…
Nigeria’s Tier-1 banks plan $3.03 billion in fresh capital
Four of Nigeria's tier-1 banks, including FBN Holdings, Access Holdings, Guaranty Trust Holding Company Plc, and!-->…
CAC places FBN Holdings records on caveat
The Corporate Affairs Commission (CAC) has taken action amid the crisis rocking the board of First Bank of Nigeria!-->…
FBN Holdings plans N300bn fresh capital raise
FBN Holdings, a financial holding company, has announced its intention to seek shareholders’ approval to raise an!-->…
Zenith Bank reports 202.3% increase in profit
Zenith Bank Plc released its 2023FY results, demonstrating continued strong performance throughout the year.
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FCMB supports ReelFruit on sustainable manufacturing
First City Monument Bank (FCMB) has reiterated its dedication to sustainable manufacturing practices aimed at!-->…
Stanbic IBTC bank upgrades mobile app
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, introduced an upgraded version of its mobile app!-->…
Banking sector slumps on NGX amid minimum capital requirement
The Nigerian banking sector experienced a downturn on the Nigerian Exchange Limited (NGX) yesterday, fueled by!-->…
Again Zenith Bank named best bank in Nigeria
Zenith Bank Plc has been honored as the Best Bank in Nigeria at the Global Finance Best Banks Awards 2024,!-->…
Banks positioned to meet new recapitalization requirements
The Association of Corporate & Marketing Communication Professionals of Banks has expressed confidence that!-->…
Four banks delay filing of 2023 audited results
Four prominent banks, including United Bank for Africa, Zenith Bank, Stanbic IBTC, and Wema Bank, have disclosed!-->…
FG directs banks to deduct 0.375% stamp duty on loans
The Federal Government has instructed commercial banks in Nigeria to deduct and remit 0.375% on all loans!-->…
Access bank launches offline banking platform
Access Bank Plc has introduced an offline banking platform called 901.ng to provide customers with an additional!-->…
CBN clarifies fertiliser donation as not new intervention
The Central Bank of Nigeria (CBN) clarified that the recent donation of 2.15 million bags of fertilisers to!-->…
CBN Clears Foreign Exchange Backlogs
The Central Bank of Nigeria (CBN) has announced the clearance of all valid foreign exchange backlogs, fulfilling a!-->…
FBN Holdings appoints new directors under Otedola’s chairmanship
FBN Holdings, Nigeria's oldest bank, has appointed three new directors for the HoldCo and two for the Bank,!-->…
Bank of Japan raises interest rates, ends negative interest era
The Bank of Japan (BOJ) has announced an increase in its key interest rate from -0.1% to a range of 0% to 0.1%.!-->…
CIBN Prepares to Induct 336 New Chartered Bankers
The Chartered Institute of Bankers of Nigeria (CIBN) is gearing up to induct 336 new members as chartered bankers,!-->…
CBN Issues Warning to Mortgage Banks and Financial Institutions
The Central Bank of Nigeria (CBN) has issued a stern warning to primary mortgage banks (PMBs), development finance!-->…
Banks Raise Lending Rates Following CBN’s Record MPR Hike
In response to the Central Bank of Nigeria's (CBN) significant increase in the Monetary Policy Rate (MPR),!-->…
FCMB Charges Accountants on Transparency
The Managing Director of First City Monument Bank (FCMB), Mrs. Yemisi Edun, emphasized the importance of!-->…
CBN’s Monetary Policy Committee Raises Interest Rate to 22.75%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), under the leadership of Olayemi Cardoso,!-->…
CBN Pegs Payment of Cash Dollar at $500
The Central Bank of Nigeria (CBN) has pegged the payment of cash dollar purchase to a customer at $500 saying that!-->…
Uphold Regulations, EFCC Chairman Urges Bank CEOs
Mr. Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), has emphasized the!-->…
First Bank to Reward Customers with N36m Cash Promo
First Bank of Nigeria has introduced the second season of its Cash Out promo aimed at rewarding users of!-->…
Nigeria’s Inflation to Decline by 21.4% by 2024- CBN
Mr. Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), projected a drop in Nigeria's inflationary!-->…
Businesses Deem Bank of Ghana’s Monetary Policy Insufficient
Businesses have expressed dissatisfaction with the Bank of Ghana's (BoG) 100 basis point reduction in the monetary!-->…
UBA Appoints new CEOs in Kenya and Sierra Leone
United Bank for Africa (UBA) Plc has announced the appointments of Mary Mulili and Mohamed Alhajie Samoura as the!-->…