Category: Banking

Wema Bank increases staff salaries to cushion rising cost

Wema Bank has increased the salaries of staff in order to compensate them for the removal of fuel...

CBN unveils plan to revamp eNaira

The Central Bank of Nigeria is taking steps to revitalize its digital currency, the eNaira,...

FBN Holdings to raise additional capital

FBN Holdings Plc, a provider of financial services, has announced that it will raise new...

Banks’ credit rises to N84trn

Banks’ net domestic credit to the economy has increased by 11% month over month, or...

Shareholders approve full commercialization of NOVA Merchant Bank

NOVA Merchant Bank has announced that it has acquired shareholder approval to shift into commercial...

AMCON sells 900 million UBA shares – Report

A total of 961.5 million shares of UBA were traded on Thursday, July 20th, according...

FBN Holding records 413% profit in Q3 2023

One of Nigeria’s biggest banks, FBN Holdings Plc, published its 2023 second-quarter results, indicating pre-tax...

Mutual Trust MFBank to review employee salaries by 50%

A leading microfinance bank known for its prompt and quality financial services, Mutual Trust MFBank Limited, has...

Fidelity bank to raise capital through public offer

Fidelity Bank Plc has announced plans to raise capital through a mix of a public...

GTBank apologizes to consumers, offers alternative

Guaranty Trust Bank issued an apology to its clients on Saturday in response to their...

GTBank’s app upgrade leaves customers frustrated

Customers of Guaranty Trust Bank lamented on Friday about using the bank’s mobile app as...

Wema Bank lifts foreign transactions ban on naira cards

The ban on foreign transactions using naira cards by Nigerian lender, Wema Bank has been...