Banking

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

CBN approves sale of $10,000 at N1,021/$ to 1,583 BDCs

The Central Bank of Nigeria (CBN) has approved the sale of an additional $10,000 to 1,583 eligible Bureaux De Change…

2 years ago

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