BANKING

NCC: Banks owe telcos N17bn for USSD access - The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, says commercial banks in the country owe telecommunication over N17bn...

Ecobank Nigeria unveils special loans for female entrepreneurs - Nigeria says it has unveiled a special loan package for female entrepreneurs in the country. The Head, Consumer Asset Product, Ecobank Group,...

FCMB Half-year profits soar despite economic woes - FCMB recently released its H1’20 results, reporting a 9% y/y growth in Gross Earnings to ₦98.2 billion, 3% ahead of our estimate. This...

Access Bank issues warning to customers over e-fraudsters: As the Nigerian banking industry witnesses increased regulatory scrutiny due to the impact of COVID-19, bank customers have not been spared from the...

Banks Raise Lending Rates to 30 Per Cent, Cuts interest on deposits - Customers are paying more on loans and getting less on deposits from commercial banks, a Central Bank of...

Experts urge CBN to Clarify GSI, sandbox policies for MFBs - There is an urgent need for the Central Bank of Nigeria (CBN) to clarify the Global Standing Instruction (GSI) and...

Union Bank declares N11.3b profit before tax - Union Bank of Nigeria Plc has released its result for the quarter ended June 30, 2020. The result showed N11.3 billion as the...

FBN Holdings reports N49.5b profit after tax - FBN Holdings has posted N49.5 billion profit after tax for the half-year ended June 30, 2020. The result represents 56.3 per cent growth,...

GTBank Marks 10 Years of Autism Advocacy - For the past 10 years, Guaranty Trust Bank plc has been at the forefront of the advocacy for people living with autism. The...

Access Bank completes acquisition of Kenyan bank - Access Bank Plc has completed its acquisition of Transnational Bank Plc of Kenya (TNB). In a statement yesterday, its Company Secretary, Sunday Ekwochi...