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Banking
Access Bank Receives Regulatory Approval to Acquire Angola Company.
The Central Bank of Angola, Banco Nacional de Angola, has given its clearance to Access Bank, the flagship…
CBN: Bank Deposits Fell N210bn in Q1.
Total demand deposits fell by N210 billion between January and March 2023, as Nigerians made huge withdrawals from…
Eight Banks Earn N225 billion from E-banking Fees.
As cashless transactions increased to N395.47tn in 2022, eight banks made N224.69bn from electronic banking fees.
…
Union Bank’s Earnings Increase by 19%.
According to Union Bank of Nigeria Plc, its total earnings increased by 19% to N208. 2 billion in the 2022 fiscal…
EPayments Reach N49.4 Trillion, With 40% of Failed Transactions Unresolved
According to CIO, we have handled more than 60% of ePayment issues. Although banks owe telcos over N100 billion in…
GTCO Generates a N214 billion Profit.
According to Guaranty Trust Holding Company Plc, it reported a profit before tax of N214.2 billion, a 3.3%…
CBN Moves to Invest Unclaimed Funds in Dormant Accounts in T-bills.
According to a proposal made by the Central Bank of Nigeria, banks should move money from accounts that have been…
UBA, Zenith Bank, and Four Other Institutions Announce N389.8 Billion Dividend in…
Six out of the 13 listed banks on the Nigerian Exchange Limited (NGX) declared a combined N389.8 billion in…
UBA Increases Loan Portfolio by N605 billion.
The United Bank for Africa (UBA) that its loan portfolio increased by N605 billion during the 2022 fiscal year.
…
Access Holdings Finances a Bank Subsidiary with $300 million.
According to Access Holdings Plc, it has completed a $300 million capital investment into Access Bank Plc, its…
Foreign Reserves Decrease by $1.46 billion in two months – CBN
According to information collected from the Central Bank of Nigeria, between January and March, the nation's…
Sterling Bank stock trading is halted on NGX
The Nigerian Exchange Limited's trading floor has halted all activity in Sterling Bank shares. The suspension,…
UBA Increases Profit by 31% to N201 billion.
United Bank for Africa said that its 2022 financial period saw a N201 billion profit before taxes. This…
FirstBank Renamed its Subsidiaries in the UK and Africa.
The United Kingdom and Sub-Saharan Africa subsidiaries of First Bank of Nigeria Limited have received notice of a…
Federal Government $22bn Loan Request Rejected by Chinese Bank.
On Tuesday, the House of Representatives accepted the federal government's proposal to borrow $973,474,971.38 from…
CBN bars banks seeking upgrade from expansion
The Central Bank of Nigeria's new draft rules prohibit banks and other financial organizations applying for…
Bank Credit to the Government Reaches N28.43 trillion
In the first two months of 2023, banks' credits to the government increased by N3.77 trillion. According to data…
Nigerian Banks will Increase the Individual Cash Withdrawal Cap to N100,000
According to some bank executives, commercial banks are planning to increase their cash withdrawal limits from the…
Afreximbank, NEXIM, and FG Sign a $350,000 Agreement to Improve Water…
The Federal Ministry of Transportation, the Nigerian Navy, the African Export-Import Bank (Afreximbank), and the…
FCMB Initiates a N300 billion Capital Raise.
After the first tranche of the multi-tranche program was successfully completed, FCMB Group Plc, the parent…
Zenith Bank CEO is Honored by UNN
Ebenezer Onyeagwu, group managing director and chief executive officer of Zenith Bank Plc, received a doctorate in…
Foreign Reserves Decline by $1.43bn in Ten Weeks.
Experts concurred that the CBN's approach to currency management was the primary cause of Nigeria's precarious…
E-payment Issues Put Pressure on the Bank’s Tech Resources
The lack of petrol prevented people from queuing, but the lack of cash drove the Central Bank of Nigeria to…
Kuda Promotes Professional Women
This year's International Women's Day will be celebrated with a month-long series of events, according to Kuda…
Emefiele Spits Fire, Threatens Errant Banks’ Shareholders
Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), has issued a stern warning to misbehaving…
FCMB Group Issues N20.68bn Bond
In accordance with its N300 billion debt issue plan, FCMB Group Plc has announced the issuance of a N20.68 billion…
NIBSS Reports a 44% Decrease in E-bill Payments Due to a Cash Shortage.
Despite the Central Bank of Nigeria's naira redesign strategy, which aims to increase cashless transactions, the…
SVB: CBN Encourages African Regulators to Prevent Bank Failure
Godwin Emefiele, the governor of the Central Bank of Nigeria, has encouraged other central bank governors in…
Forex Crisis: Banks Reduce PTA/BTA to $2000, Review Processing Time to 120 Days
Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) dollar amounts have been reduced by 50% at…
Polaris Encourages Women’s Empowerment In The Workplace.
The country's institutions have been urged by Polaris Bank Limited and other financial sector players to offer…