Banks record N72bn from account maintenance
In the first half of 2023, account maintenance fees brought in N72.723 billion for 11 banks that are listed on the Nigerian…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Jaiz Bank names Alhaji Ibrahim Indimi as Non-Executive Director
The Board of Directors of Jaiz Bank Plc has announced the appointment of Alhaji Ibrahim Indimi as Non-Executive Director. The Times reported…
CBN postpones September 2023 MPC meeting
The Central Bank of Nigeria has announced the unexpected postponement of its much-awaited 293rd Monetary Policy Committee meeting, which was initially planned for Monday…
CBN introduces new online MFB licensing platform
The Central Bank of Nigeria has launched a new online portal for the submission of license applications for microfinance banks. According to…
FG to partner with female bankers on economic growth
The Federal Government and the Association of Professional Women Bankers are working together to create a robust and thriving economy based on…
Wema Bank launches Hackaholics digital summit
Wema Bank has announced the establishment of the Hackaholics Digital Summit, which will bring together Africa’s digital innovators, disruptors, regulators, policymakers, investors,…
CBN instructs banks to keep foreign exchange revaluation profits
Banks are required by the Central Bank of Nigeria to set aside earnings from foreign exchange revaluation as a safety net against impending…
Zenith Bank increases revenue by 139% to N967bn in H1
Zenith Bank’s gross earnings increased by 139% in the first half of the year, from N404.8 billion to N967.3 billion, thanks to…
Why CBN should dump exchange rates unification – Lemo
The Central Bank of Nigeria should dump the merger of parallel and official exchange rates, according to a former Deputy Governor of the CBN,…
Banks’ bad loans hit N478bn in Q1 2023
During the first half of 2023, four prominent banks, including Guaranty Trust Bank Holding Plc , FBN Holdings Plc, FCMB…
Unity Bank’s gross earnings hit N27.5bn in H1’2023
In its Half-Year unaudited financial statement submitted to the Nigeria Exchange Group Limited, retail lender Unity Bank Plc reported a growth in…
Sterling GMD, directors acquire N514m new shares
The Sterling Financial Holdings Company Limited’s directors have persisted in buying up their shares, demonstrating their belief in the financial institution’s ability…