BANKING

Nigeria’s central bank denies converting customers’ domiciliary accounts to naira - The Central Bank of Nigeria (CBN) has said it did not direct banks to convert all customers’ domiciliary accounts into...

Union Bank CEO, increases stake in bank by N20.6 million - The Chief Executive Officer of Union Bank of Nigeria, Mr. Emeka Okonkwo, has increased his stake in the bank by...

GTBank Releases Half Year Audited Results, Reports profit before tax of ₦93.1billion - Guaranty Trust Bank Plc (“GTBank” or “the Group”), now Guaranty Trust Holding Company Plc, has released its...

Electronic Payment Volumes Drop 1.1% in August - Electronic payment volumes in Nigeria witnessed a 1.1 per cent decline in the month of August to 397.9 million from 402.3 million in...

Stanbic IBTC Enhances Savings Culture with Reward Scheme - Nigeria’s leading end-to-end financial services provider, Stanbic IBTC Bank Plc, has introduced a savings campaign aimed to reward its customers for opening...

Jaiz Bank Gets $25m from IsDB to support small businesses - Nigeria’s foremost non-interest bank, Jaiz Bank Plc, has received a $25 million shariah-compliant line of financing (LOF) from the Islamic...

Union Bank, Sterling Bank Give NIRSAL N232m for Poultry, Cocoa - The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has secured about N232 million loans from Union Bank of...

Court Freezes N19bn Belonging to Ex-Bank PHB MD Atuche - A Lagos State High Court sitting in Ikeja has frozen the assets and funds worth N19.2 billion belonging to Mr Francis...

Nigerian Banks’ e-Banking Income Drops 27.3% despite High Transactions - A new report by Agusto & Co. Limited has shown that in the 2020 fiscal year, the banking industry in Nigeria...

Access Bank Launches awareness campaign against E-Banking Fraud - As part of its continued commitment to educate and protect customers from e-banking fraud, Access Bank Plc has launched an awareness campaign...