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Banking
Jaiz Bank Posts N11bn Profit Before Tax
Jaiz Bank Plc announced impressive financial results for 2023 and the first quarter of 2024. Their profit before!-->…
Fidelity Bank chair to earn N60m per annum
Big Pay Day for Fidelity Bank BossesFidelity Bank shareholders just voted to give their chairman a big raise! The!-->…
8 banks pay N200bn as income tax in Q1’24
In the first quarter of 2024 (Q1'24), eight commercial banks in Nigeria collectively paid a total of N200.19!-->…
FCMB Profit increases by 192.6% to N31.3bn in Q1
FCMB Group's profit before tax has seen a massive surge of 192.6% to N31.3 billion in the first quarter of 2024.!-->…
Banks cut loans to govt by 73% in March
Commercial lenders significantly reduced loans to the three tiers of government by 73.18% to N19.59 trillion in!-->…
IMF cautions FG against CBN Act amendment
The International Monetary Fund (IMF) has advised against proposed amendments to the Act establishing the Central!-->…
CBN Updates List of Deposit Money Banks, Grants International Authorization to…
The Central Bank of Nigeria (CBN) has released an updated list of deposit money banks and other financial!-->…
Access Holdings Directors Vested with Shares Worth N427.13m
Eight directors of Access Holdings, including the acting Group Chief Executive Officer, Bolaji Agbede, and!-->…
List of financial transactions exempted from 0.5% cybersecurity levy
In a circular signed by Chibuzor Efobi, the director of payments system management, and Haruna Mustafa, the!-->…
Cash deposit in banks increase by 66%
Customers' deposits in Nigeria's leading deposit money banks witnessed a remarkable 66 percent Year-on-Year!-->…
Zenith Bank’s total assets increases to N24.28 trillion in Q4
Zenith Bank Plc has experienced a significant increase in its total assets, rising by 19.21% to N24.28 trillion in!-->…
FCMB Group to pay N9.901 billion dividend to shareholders for FY 2023
FCMB Group Plc, a financial institution in Nigeria, announced that its shareholders will get a dividend of N9.901!-->…
Wema bank seeks shareholders’ approval to raise N200bn capital
Wema Bank Plc, one of Nigeria's oldest commercial banks, plans to seek shareholders' approval to raise N200!-->…
FG mandates stamp duty charge on mortgage
The Federal Government has instructed Deposit Money Banks to commence the deduction of a 0.375 per cent stamp duty!-->…
FCMB Group records 186% profit growth
FCMB Group Plc has announced a remarkable increase in profit before tax, reaching N104.4 billion, marking a!-->…
Banks close 2m accounts over BVN, NIN, others
Commercial banks in Nigeria closed more than 2 million bank accounts in the first quarter of 2024 to adhere to!-->…
Wale Bolorunduro appointed as new Chairman of LivingTrust Mortgage bank
LivingTrust Mortgage Bank, a Nigerian financial company, has named Wale Bolorunduro as its new chairman, starting!-->…
Massive banking stocks sell-off persists
The banking sector witnessed a significant sell-off last week ahead of the Central Bank of Nigeria's (CBN)!-->…
FG to commercialize FMBN to enhance housing delivery
The Federal Government says it is reviewing loans and projects estimated at $500m executed by the Nigerian Content!-->…
Ecobank repays $500 million eurobond
Ayo Adepoju, Group Chief Financial Officer of ETI, highlighted that the Eurobond, issued in April 2019, received!-->…
Access bank to reward 15,786 customers in DiamondXtra campaign
Access Bank has unveiled its Season 16 DiamondXtra campaign, aiming to reward its loyal customers with exciting!-->…
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!-->…