Banking

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…

11 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…

11 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…

12 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…

12 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…

12 months ago

CBN sells $197.71m to banks to boost forex liquidity

The Central Bank of Nigeria (CBN) has supplied $197.71 million to the foreign exchange market through sales to authourised dealers.…

12 months ago

FCMB records N111.9bn profit, revenue hits N794bn in 2024

First City Monument Bank, FCMB, has recorded a Profit Before Tax (PBT) of N111.9 billion for the financial year ending…

12 months ago

Sterling Bank removes transfer fees on online transactions

Sterling Bank has removed transfer fees on all local online transactions, becoming the first major Nigerian bank to do so.…

12 months ago

CBN: Net forex reserves hit $23.11bn in 2024

The Central Bank of Nigeria (CBN) has announced that its Net Foreign Exchange Reserve (NFER) stood at $23.11 billion as…

12 months ago

6 banks post N3trn profit amid complaints, challenging environment

Six Nigerian banks have posted N3.41 trillion as Profit After Tax (PAT) in 2024 against the N2.1 trillion recorded in…

12 months ago

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