Banking

Fidelity Bank posts N105.8bn profit in Q1 2025

Fidelity Bank Plc says it generated N105.8 billion as its profit before tax (PTB) in the first quarter of 2025.…

1 year ago

Court orders final forfeiture of N1.2bn stolen from Sterling Bank

The Federal High Court sitting in the Ikoyi, area of Lagos State has ordered the final forfeiture of the sum…

1 year ago

CBN: External reserves hit $38.8bn in 2024

The Central Bank of Nigeria (CBN) has announced external reserves increased from $36.6 billion recorded in 2023 to $38.8 billion…

1 year ago

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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year ago

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