Banking

CBN orders banks to suspend charges on cash deposits till September

The Central Bank of Nigeria (CBN) has directed banks in the country to stop charges on cash deposits until September…

2 years ago

CBN orders banks to impose 0.5% cybersecurity levy on electronic transfers

The Central Bank of Nigeria (CBN) has ordered banks to start charging a 0.5 per cent cybersecurity levy on electronic…

2 years ago

UBA nets N570.2bn earnings as profit hits N156.34bn in 3 months

The United Bank for Africa Plc (UBA) has announced gross earnings of N570.2 billion for the first quarter of 2024…

2 years ago

Banks begin charges on cash deposits above N500,000

Commercial banks in the country have resumed charges for cash deposits exceeding N500,000 for individual accounts and N3 million for…

2 years ago

Naira appreciates by 3.3%, trades at N1,354/$

The Naira on Monday, May 6, 2024 further appreciated at the official market, trading at N1,354.21 to the dollar. Data…

2 years ago

Zenith Bank’s earnings hit N781bn, profit rises to N258bn in 3 months

Zenith Bank Plc has announced gross earnings of N781 billion in the first quarter of 2024 which ended on March…

2 years ago

UBA inducts 398 youths after GMAP training

The United Bank for Africa has inducted 398 young Africans into the UBA Tribe after a six-month hands-on-work and learning…

2 years ago

NDIC raises banks’ deposit insurance coverage to N5m

The Nigeria Deposit Insurance Corporation (NDIC) has increased the maximum deposit insurance coverage for depositors of all licenced deposit-taking financial…

2 years ago

CBN director: How I collected $600,000 contract bribe for Emefiele

A former Director of Information Technology of the Central Bank of Nigeria (CBN), Mr. John Ayoh, has explained how he…

2 years ago

Zenith Bank shareholders approve HoldCo structure as Ovia lauds investors

The shareholders of Zenith Bank Plc have approved the restructuring of the bank to a holding company. The shareholders approved…

2 years ago

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