Banking

GTCO posts N609.3bn profit, CEO speaks on success

Guaranty Trust Holding Company Plc (GTCO) has reported a Profit Before Tax of N609.3 billion for the financial year ended…

2 years ago

Zenith Bank’s assets hit N20.4trn, lender posts N795.9bn profit

Zenith Bank Plc has declared that its total assets increase to N20.368 trillion in the year 2023. The Company Secretary…

2 years ago

CBN bans foreign currencies as collateral for naira loans

The Central Bank of Nigeria (CBN) has directed all banks in the country to stop the use of foreign currencies…

2 years ago

CBN sells $10,000 to BDC operators at N1,101/$

The Central Bank of Nigeria (CBN) has approved daily sales of $10,000 to 1,588 eligible Bureau De Change (BDC) operators…

2 years ago

CIBN records N1.37bn profit, elects Pius Olanrewaju as president

The Chartered Institute of Bankers of Nigeria (CIBN) has announced a net operating surplus of N1.37 billion for 2023, marking…

2 years ago

FirstBank rewards customers with N170m, millionaires emerge

FirstBank of Nigeria Limited has rewarded six of its customers with N1 million each at the fourth and grand finale…

2 years ago

Moniepoint unveils new USSD to combat fraud

A microfinance bank, Moniepoint, has unveiled a new Unstructured Supplementary Service Data (USSD) service to combat fraud and enhance financial…

2 years ago

Zenith Bank named Nigeria’s best bank for 4th time

Zenith Bank Plc has emerged as the best bank in Nigeria in the 2024 Global Finance Best Banks Awards, winning…

2 years ago

Afreximbank, Sterling Bank offer supply chain finance in Nigeria

The African Export-Import Bank (Afreximbank) has partnered Sterling Bank to introduce an innovative supply chain finance product ‘Payables Finance’, in…

2 years ago

Bank capitalization: Access Holdings plans raising $1.5bn

Access Holdings Plc has unveiled plans to establish a capital raising programme of up to $1.5 billion or its equivalent.…

2 years ago

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