Banks record 117% increase in customers’ complaints- Report
Complaints from customers of five major Nigerian banks have surged by an alarming 117 percent year-on-year, reaching 6,865,217 by June 2023,…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
FBN Holdings to raise N139bn via rights issue
FBN Holdings Plc has made a request to the Nigerian Exchange Limited for permission to raise N139 billion in additional capital through…
FirstBank announces subsidiary name change
FBNBank Guinea has changed its name to align with its parent brand and to benefit from the strong heritage and brand equity…
UBA coaches over 700 management trainees
The expanded Graduate Management Accelerated Program was launched by the United Bank for Africa Plc, Africa’s Global Bank, to train future professionals across Africa.…
Jaiz Bank demands listing of N5.4bn shares on NGX
Jaiz Bank Plc has submitted a request to Nigerian Exchange Limited for the approval and listing of a rights issue of 5.4…
Wema partners Wakanow to revolutionize digital banking, travel booking
Wema Bank and the first digital bank, ALAT, have teamed with Africa’s leading travel technology business, Wakanow, to integrate digital banking and…
Bank workers got 52% raise after fuel subsidy – Report
Bank employees have seen salary increases ranging from 9 to 52 percent as a result of the Federal Government’s elimination of fuel…
TAJBank raises profits to N6.02bn
TAJBank, a non-interest bank, reported N6.02 billion in earnings before taxes in the first half of 2023. The Punch reported that according…
Shareholders vote to reduce Abbey Mortgage Bank’s share capital
The board of directors of Abbey Mortgage Bank Plc received approval from the company’s shareholders to reduce the issued share capital by…
CBN to stabilise economy with $3bn – NEC
The National Economic Council stated on Thursday that the $3 billion emergency loan-for-crude oil that the Federal Government obtained in August would…
Access Bank launches agric business desk
Access Bank has stated that with the opening of its Agric business desk, it hopes to ensure food security in Nigeria. The…
UBA begins $6bn project to support African SMEs
The United Bank for Africa has unveiled a $6 billion program to promote and strengthen the operations of small and medium-sized businesses…