Banking

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…

4 weeks 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…

1 month 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…

1 month 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…

1 month 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…

1 month 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.…

1 month ago

CBN pegs minimum capital base For banks at N500bn

The Central Bank of Nigeria (CBN) has put the minimum capital base for commercial banks with international authorisation at N500…

1 month ago

CBN raises interest rate to 24.75%

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by 200 basis points to 24.75 per…

1 month ago

CBN orders BDCs to sell dollar at N1,269

The Central Bank of Nigeria (CBN) has directed each Bureau de Change (BDC) operator to sell dollars to eligible customers…

1 month ago

Diamond Foundation lauds Umeoji’s appointment as Zenith Bank CEO

The Diamond Lady Family Support Foundation has lauded Dr. Adaora Umeoji on her appointment as the Group Managing Director and…

2 months ago

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