Subsidy: UBA approves benefits for all employees
The United Bank for Africa Plc Board has approved a welfare allowance for every employee. The decision was made to lessen the impact…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
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 subsidies. The bank claimed that because employee welfare…
CBN unveils plan to revamp eNaira
The Central Bank of Nigeria is taking steps to revitalize its digital currency, the eNaira, in a bid to boost adoption and…
FBN Holdings to raise additional capital
FBN Holdings Plc, a provider of financial services, has announced that it will raise new capital if shareholders approve at the group’s…
Banks’ credit rises to N84trn
Banks’ net domestic credit to the economy has increased by 11% month over month, or N84 trillion, from N75.49 trillion in May.…
Shareholders approve full commercialization of NOVA Merchant Bank
NOVA Merchant Bank has announced that it has acquired shareholder approval to shift into commercial banking. The bank continues to be in…
AMCON sells 900 million UBA shares – Report
A total of 961.5 million shares of UBA were traded on Thursday, July 20th, according to data from the NGX trading session.…
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 profits increased by five times, to N150.1 billion…
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 approved a considerable increase in employee salaries…
Fidelity bank to raise capital through public offer
Fidelity Bank Plc has announced plans to raise capital through a mix of a public offer and a rights issue. This information…
GTBank apologizes to consumers, offers alternative
Guaranty Trust Bank issued an apology to its clients on Saturday in response to their displeasure following a recent update to the…
GTBank’s app upgrade leaves customers frustrated
Customers of Guaranty Trust Bank lamented on Friday about using the bank’s mobile app as the bank’s digital operations were disrupted. The…