Category: Banking

CBN clamps down on banks over illegal FX sales

The Central Bank of Nigeria has warned to penalize commercial banks that sell foreign currency...

eNaira balances hit N2.5bn in 2022

Nigeria’s central bank’s digital currency, the eNaira, saw a significant increase in total balances in...

CBN records $2.55bn FX inflows in two months after naira unification

The Central Bank of Nigeria revealed that foreign exchange inflows into the country increased to $2.55...

Odubiyi acquires 100m shares of Sterling Holdco

The Group CEO of Sterling Financial Holdings Company Plc, Yemi Odubiyi, has acquired an additional 100...

UBA hails customers, introduces benefits

The United Bank for Africa Plc, Africa’s Global Bank, has promised consumers a spectacular summer...

Sterling Bank CEO acquires 50m additional shares

The chief executive officer of Sterling Bank, Abubakar Suleiman, has bought N168 million for 50 million...

CBN recovers $22m, N115bn excessive clients charges after customers complaint

The Central Bank of Nigeria announced that it had recovered $22.8 million and N115.5 billion...

Ecobank reveals progress in quest to create strategic roadmap

The Ecobank Group’s chief executive, Mr. Jeremy Awori, revealed that the company was making progress...

Wema Bank records 109.57% profit increase in Q2 2023

Wema Bank announced its 2023 second-quarter results, revealing that pre-tax profits increased by 109.57% year...

Wema reports half year increase

Wema Bank said that its unaudited results for the six-month period ending June 30th, 2023,...

Wema reports half year increase

Wema Bank said that its unaudited results for the six-month period ending June 30th, 2023,...

Subsidy: UBA approves benefits for all employees

The United Bank for Africa Plc Board has approved a welfare allowance for every employee. The...