UBA posts N335bn profit after tax in H1 2025
United Bank for Africa Plc has released its financial performance for the half-year ended June 30, 2025, showing a profit after tax…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
FCMB partners, Truecaller to enhance customer trust
First City Monument Bank has formed a strategic partnership with Truecaller, a global platform for trusted communication, to transform its engagement with…
Afriland fire: We, others lost colleagues, Tony Elumelu mourns
The Chairman of Afriland Properties Plc, Tony Elumelu, has returned from New York, where he was attending the United Nations General Assembly,…
CBN orders banks to replace MD/CEO three months before exit
The Central Bank of Nigeria has directed Domestic Systemically Important Banks to implement early succession planning for their Managing Directors/Chief Executive Officers…
Afreximbank launches $1bn ATDC to boost African trade
The African Export-Import Bank has launched the African Trade and Distribution Company to boost large-scale trade in raw materials, minerals, and value-added…
UBA backs Kenya’s roads levy securitisation with $150m investment
United Bank for Africa Plc has pledged $150 million (KES 20.5 billion) to support the Government of Kenya’s $1.35 billion Roads Levy…
Zenith Bank to raise $500m via Eurobond, rights issue
Zenith Bank Plc says it plans to raise up to $500 million in fresh capital through a Eurobond issuance and a rights…
Your NIN is enough for banking, no separate TIN required — FIRS
The Federal Inland Revenue Service has dismissed claims that Nigerians must obtain a separate Tax Identification Number before they can own or…
Nigerians without tax-ID may lose bank account access – FG
The presidential Fiscal Policy and Tax Reform Committee has said that without a Tax ID, a taxable person may not be able…
CBN gov urges banks to boost diaspora remittances to $1bn
Central Bank of Nigeria Governor, Olayemi Cardoso, yesterday, urged Nigerian banks to intensify support for the apex bank’s efforts to grow Diaspora…
Ex-Bank of China VP under investigation for violations
The former vice president of the Bank of China, Lin Jingzhen, has been reported to be under investigation for suspected severe violations…
Australian bank sacks staff, replaces her with AI she trained
A Commonwealth Bank employee has revealed she was sacked after 25 years, unaware that she had been helping train AI to take…