Fidelity Bank reports highest earnings per share on NGX H1 2023
Fidelity Bank Plc has been named the firm with the greatest earnings per share on the Nigerian Exchange Limited for the second…
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 reorganizes board, management
As part of the implementation of its new strategy and in conformity with two recent circulars from the Central Bank of Nigeria,…
Stanbic IBTC delays HY results, requests CBN approval
The release of Stanbic IBTC Holdings Plc’s half-year financial results has been postponed, as the company waits for the Central Bank of…
How CBN issued N38bn loan to mortgage banks in 2022 – Report
The Central Bank of Nigeria disbursed loans and advances of N37.6 billion to mortgage banks in 2022, according to the top bank’s…
Nigerian banks lose N9.5bn to e-fraud so far in 2023
Banks in the country have reportedly lost over N9.5 billion so far in 2023, according to the Nigeria Inter-Bank Settlement System. The managing…
CBN introduces Price Verification System for Forex
By Wilson Adekumola The Central Bank of Nigeria has commenced the Price Verification System Portal, as requisite for Form ‘M’ application.…
MoniePoint begins retail banking, launches app, debit card
Moniepoint has announced its entry into personal banking with the launch of a customer app and a debit card, marking a new…
Bolt hits 250m ride after seven years in Nigeria
In an impressive stride, leading ride-hailing and gig work company Bolt has notched over 250 million rides in Nigeria since its 2016…
Optimus Bank begins operations across Nigeria
A fully authorized national commercial bank, Optimus Bank Limited, has started conducting business across the country. The bank’s chairman, Mr. Oghogho Akpata,…
Jaiz Bank names Ahmed Hassan acting MD/CEO
By Wilson Adekumola The Board of Jaiz Bank Plc, Nigeria’s pioneer non-interest bank, has appointed Alhaji Ahmed Hassan as the acting…
Access Holdings postpones HY results over subsidiary audit
Access Holdings Plc’s board of directors has indicated that the publishing of its Half-Year financial results would be delayed due to an ongoing…
Firms consider hedging as forex crisis affects performance
Many of Nigeria’s major corporations have suffered enormous losses as a result of the Central Bank of Nigeria’s devaluation of the naira.…