Banking

Zenith Bank nets N311bn profit after tax in Q1 2025

Zenith Bank Plc has generated N311.83 billion as profit after tax for the first quarter of 2025. The figure represents…

7 months ago

Customers to pay more as banks increase SMS alert fees

Commercial banks in Nigeria have increased their SMS transaction alert fees from N4 to N6 per message, effective Thursday, May…

7 months ago

CBN reviews documentation requirements for PAPSS transaction

The Central Bank of Nigeria (CBN) has announced a review of the documentation requirements for transactions conducted through the Pan-African…

7 months ago

UBA generates N3.19trn revenue, N767bn profit in 2024

The United Bank for Africa (UBA) has generated a gross revenue of N3.19 trillion and a profit after tax of…

8 months ago

UBA posts N189.84bn profit in Q1 2025

The United Bank for Africa (UBA) has announced a profit of N189.84 billion for the first quarter of 2025. This…

8 months ago

CBN partners JP Morgan, NGX to host pre-spring meetings

Ahead of the International Monetary Fund (IMF) and World Bank Group (WBG) Spring meetings commencing Monday, April 21, 2025, the…

8 months ago

UBA unveils upgraded PoS terminal, revamped MONI app to boost digital payments

The United Bank for Africa (UBA) Plc has unveiled its Point of Sale (POS) terminal as well as the MONI…

8 months ago

CBN: Nigeria posted $6.83bn balance of payments surplus in 2024

The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024…

8 months ago

Diamond Bank Founder, Pascal Dozie, dies at 85

The founder of the defunct Diamond Bank, Pascal Gabriel Dozie, has died at the age of 85. Family sources confirmed…

8 months ago

AfDB seeks stronger partnership with UBA, lauds bank for facilitating Africa’s devt

The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, stated that building bridges between international capitals and African…

8 months ago

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