Banking

Failed banks’ depositors get N1.39bn from NDIC

No fewer than 36,163 depositors of 110 closed Microfinance Banks (MFBs) and three Primary Mortgage Banks (PMBs) have been paid…

2 years ago

UBA, Saudi EXIM Bank partner for trade growth

United Bank for Africa (UBA) Plc. and Saudi Export-Import Bank (Saudi EXIM) have entered into partnership aimed at strengthening business…

2 years ago

Old, new naira notes remain legal tender – CBN

The Central Bank of Nigeria (CBN) on Wednesday, November 8, 2023 declared that all old and new naira banknotes remain…

2 years ago

Unity Bank MD tasks students on World Savings Day training

The Managing Director/Chief Executive Officer of Unity Bank Plc, Tomi Somefun, has enjoined parents to take greater responsibility in supporting…

2 years ago

Sanusi: CBN must drive down inflation rate

Former Emir of Kano and onetime Governor of the Central Bank of Nigeria (CBN), Muhammadu Sanusi, has expressed concerns at…

2 years ago

Cardoso: I’ll make CBN impactful to Nigerians by curtailing inflation

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the CBN, under his leadership, will focus mainly on…

2 years ago

Unity Bank records N38.2bn gross earnings in Q3’23

Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023. The customer…

2 years ago

CBN: Why there’s naira scarcity

The Central Bank of Nigeria (CBN) has disclosed the reasons behind the scarcity of naira notes across the country. Some…

2 years ago

Zenith Bank rakes in N505bn profit in 9 months, assets hit N18.2trn

Zenith Bank Plc has recorded a 149% Year on Year (YoY) increase in profit before tax, growing from N202.5 billion…

2 years ago

CBN: No plan to redenominate naira

The Central Bank of Nigeria (CBN) says it has no plans to redenominate the country's legal tender, naira. The CBN…

2 years ago

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