Category: Banking

Afreximbank launches $3b revolving credit facility for petroleum imports

The African Export-Import Bank has introduced a $3 billion revolving credit facility aimed at streamlining...

UBA plans ambitious expansion to over 100 countries

United Bank for Africa Plc announced a bold strategic vision to expand its operations to...

UBA on track to meet CBN’s ₦500bn capital requirement – Elumelu

United Bank for Africa Plc is on track to meet the Central Bank of Nigeria’s...

CBN, NGX unveil reforms to boost global investment

Nigeria’s financial regulators and market operators recently gathered at Nasdaq MarketSite in New York to...

CBN warns banks to strengthen sanctions compliance framework 

The Central Bank of Nigeria has issued a fresh directive to banks, payment service banks,...

CBN warns banks against sourcing capital from illicit channels

The Central Bank of Nigeria has cautioned deposit money banks against sourcing capital from illicit...

Afreximbank allocates $3b to boost Africa’s refining capacity

Afreximbank has committed $3 billion to finance the purchase of refined products within Africa as...

How Nigeria, others can avoid Trump tariff fallout – Ecobank

The Chief Executive Officer of Ecobank Transnational Inc., Jeremy Awori, has stated that African nations...

NDIC to pay first tranche of Heritage Bank liquidation dividends

The Nigeria Deposit Insurance Corporation has announced that the first tranche of liquidation dividends for...

Zenith Bank’s e-banking revenue soars 54.51% to ₦80.05b in 2024

Zenith Bank’s electronic banking revenue grew by 54.51% in 2024, reaching ₦80.05 billion, up from...

Zenith Bank, GTCO, UBA hit with N172.4b windfall tax

Nigeria’s new tax policy targeting foreign exchange revaluation gains has led to a combined windfall...

Zenith Bank reports N1.03trn profit in 2024 financial results

Zenith Bank Plc has announced its financial results for the 2024 fiscal year, posting a...

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