Bank directors support CBN selling excess currency
The Bank Directors Association of Nigeria has said it supports the move of the Central Bank of Nigeria requesting commercial banks to…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Why foreign investors are interested in Nigeria – Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that Foreign Portfolio Investors want the government to implement policy…
NAFEM: Dollar supply hits 180% as banks sell $440m
The official Nigerian Autonomous Foreign Exchange Market saw a 180.59 per cent increase in dollar supply on Friday, reaching $440.13 million. This…
Wema Bank awards N8m to 116 customers
Wema Bank’s 5 for 5 Promo Season 3 saw 116 clients win almost N8 million in prizes at the sixth monthly draw.…
Parthian Partners pays third bond coupon
Parthian Partners Limited has made the third consecutive coupon payment on its N10 billion bond. The PUNCH reported that the Chief Financial…
Fidelity Bank projects over N1bn loss to lawsuits
Fidelity Bank’s management estimated that, for the year ending in December 2023, it would lose over N1.19 billion due to claims and…
Fidelity Bank appoints Abolore Solebo as executive director
The Board of Fidelity Bank Plc has announced the appointment of Mr. Abolore Solebo as the Executive Director of the Corporate Banking…
CBN denies plan to convert $30bn dom account dollars to naira
The Central Bank of Nigeria has debunked the news of planning to convert $30bn domiciliary deposits to naira. AMBusiness earlier reported that…
Full list: Licensed IMTO’s in Nigeria
Alex Omenye The recent guidelines introduced by the Central Bank of Nigeria regarding the operations of International Money Transfer Operators have led…
FBN Holdings reports N362.24bn unaudited pre-tax profit
Bisola David The unaudited condensed financial statements for FY 2023 have been released by FBN Holdings. The company declared a N362.24 billion…
Femi Otedola named First Bank Holdings chair
Nigerian billionaire, and entrepreneur Femi Otedola, has been appointed as the new chairman of the board of directors for the First Bank…
Wema Bank profit rises by 105%
Wema Bank’s profit increased by more than 105 percent to N23.36 billion in 2023, from N11.35 billion the previous year. The PUNCH…