Category: Banking

Morgan Stanley to cut 2,000 jobs in workforce restructuring

Wall Street giant Morgan Stanley is set to lay off approximately 2,000 employees later this...

First Bank denies N550M fraud allegations, blames ex-employee, plaintiff

First Bank of Nigeria has strongly denied allegations of fraud made by Abia businessman Dr....

HSBC records $8.5bn pre-tax profit in Q3

Banking giant HSBC said Tuesday that pre-tax profit in the third quarter rose 10 percent...

Otedola raises stake in First Bank to 13.15%

The chairman and majority shareholder of First Bank of Nigeria Holdings, Femi Otedola has raised...

Wema Bank bags new certification

Wema Bank has been honoured as the best workplace for millennials and for fostering a...

Zenith Bank to acquire N290bn fresh capital 

Zenith Bank Plc has finalised its intentions to raise around N290 billion in new capital,...

Access Bank revamps ‘QuickBucks’ digital loan platform 

Access Bank has strengthened its digital loan platform ’QuickBucks’, to promote lending to its consumers....

SEC endorses extension of Fidelity Bank public offer 

The Securities and Exchange Commission has approved a 14-day extension for the combined offer of...

FCMB records N64.2b pre-tax profit in H1 2024

FCMB Group reported a profit before tax of N64.2 billion in the first half of...

Stockbrokers report investors’ surge amid ongoing banks’ public offers

Some stockbrokers in Nigeria’s capital market have witnessed Encouraging signs of significant investor involvement in...

Banks deposits rise 63% to N115tn amid competition from Fintechs

Even in the face of fierce competition from Fintechs, individuals and institutions are increasingly entrusting...

Zenith Bank to generate N1tn profit in 2024, says MD/CEO

Zenith Bank’s Group Managing Director/Chief Executive Officer, Dr Adaora Umeoji, has stated that the bank...