Zenith Bank to acquire N290bn fresh capital
Zenith Bank Plc has finalised its intentions to raise around N290 billion in new capital, which is more than the N230 billion…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Access Bank revamps ‘QuickBucks’ digital loan platform
Access Bank has strengthened its digital loan platform ’QuickBucks’, to promote lending to its consumers. This was disclosed in a statement by…
SEC endorses extension of Fidelity Bank public offer
The Securities and Exchange Commission has approved a 14-day extension for the combined offer of Fidelity Bank, which was originally set to…
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 2024, a 68% increase over the N38.2…
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 the latest public offers and rights issues…
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 their funds into the safekeeping and management…
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 is expected to generate more than N1…
NGX post Wema Bank’s right issue of 8.572 billion shares on its platform
The Nigerian Exchange Limited has acknowledged Wema Bank Plc’s Rights Issue of 8.572 billion ordinary shares of 50 kobo each at N4.66…
NDIC urge collaboration of law enforcement to combat banking fraud
The Nigeria Deposit Insurance Corporation urged law enforcement agencies to strengthen their partnership to curb banking fraud in the country. This was…
Keystone bags best retail bank award
Keystone Bank Limited was recognized as the retail bank of the year at the recently held 2024 Africa Industrial and Development Conference…
Access Holdings target N10tn revenue by 2027
Access Holdings Plc target N10 trillion in revenue by 2027. This disclosure was made by the Chief Executive Officer of Access Bank,…
Zenith Bank named best commercial bank in 2024
Zenith Bank Plc has been named the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2024, holding the title for…