CBN releases additional $500m to clear FX backlog
The Central Bank of Nigeria has granted an additional $500 million to get rid of the verified FX backlog. According to The…
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 increases earnings by 207% to N95bn
FCMB Group has recorded a 206.86 per cent increase in profit for the fiscal year ending December 2023 to N95.52 billion. According to…
FCMB reports gross earnings of N516.8bn in 2023
FCMB Group Plc has released its unaudited annual report and financial statements for fiscal year 2023. The Times reported that the group’s gross…
Why CBN won’t print naira again – Budget minister
The Federal Government has stated that it will no longer permit the Central Bank of Nigeria to print money through Ways and Means…
Top female MDs, CEOs in Nigerian banks
Nigeria’s financial sector is undergoing a revolutionary change, and nine remarkable women are driving this change. Olayemi Cardoso, the governor of the…
Emefiele: CBN reportedly fires Titan Trust, Union, other banks’ boards
The Central Bank of Nigeria on Wednesday, fired the boards of Titan Trust, Union Bank, Keystone Bank, and Polaris Bank. According to BusinessDay, the…
New year: Banks to close early on Friday
Juliet Buna Financial institutions have said customers have been 8 am and 1pm or 3pm, depending on the bank, to do their…
Emefiele: Titan Bank chairman, others summoned by CBN investigator
The Special Investigator from the Central Bank of Nigeria, Jim Obazee, has summoned the chairman of Titan Trust Bank, Babatunde Lemo, for…
MTN to partner Starlink, expand service in Nigeria, others
The Pan-African telecommunications business, MTN, has stated that it is in talks with numerous satellite service providers, including Elon Musk’s Starlink, in order to…
Zenith Bank ranks among top 100 global corporation
Zenith Bank Plc has been named one of the World’s top 100 companies by World Finance Magazine. The PUNCH reported that the bank…
Core banking will drive growth in 2024 – Vetiva
Nigerian firm, Vetiva Capital Management has expressed confidence that core banking will drive growth next year. This was stated by the sub-saharan…
Equity market gains N464bn due to positive trading
Investors in the Nigerian Exchange made N464 billion after the exchange recorded four positive trading sessions last week. According to The PUNCH,…