BANKING

Nigeria’s Union Bank Threatens to Shut Down Cryptocurrency-Related Accounts: A large commercial bank in Nigeria has threatened to shut down an undisclosed number of cryptocurrency-related accounts without explanation. Lagos-based Union Bank...

GTBank Releases 2020 Half Year Audited Results - Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2020 to the Nigerian and London...

Sterling Bank: collaboration key to agric sector revolution - Sterling Bank on Thursday identified collaboration as a key element in revolutionising the agric sector in Nigeria and the African sub-region. Its...

Zenith Bank posts N103.8 billion half-year Profit After Tax - Zenith Bank Plc has announced N103.8 billion Profit After Tax (PAT) in its  audited results for the half-year ended June 30,...

ABCON: N386/$ new exchange rate not sustainable - The President, Association of Bureaux de Change Operators of Nigeria, Alhaji Aminu Gwadabe, has said that the new exchange rate for the operators...

Coronation Merchant Bank unveils mobile app - Coronation Merchant Bank has launched a mobile banking application. The app  provides customers with access to their accounts as well as the ability to...

CBN orders banks to pay 10% of MPR as interest on savings deposit - The Central Bank of Nigeria (CBN) has ordered banks to henceforth pay 10% of its Monetary Policy...

Access Bank Reacts to Video of Man Claiming Data Hack - Access Bank has discredited a video making the rounds about a man claiming to have access to its customers’ data,...

Banks borrow N2.08tn from CBN in four months - Increased liquidity in the banking sector has continued to raise the lending institutions’ capacity to increase credit to the economy, NIKE POPOOLA...

Polaris Bank appoints Innocent Ike as Acting MD/CEO - The Board of Polaris Bank Limited and Asset Management Corporation of Nigeria (AMCON), the Bank’s shareholder, have announced the appointment of Mr...