Wema Bank lifts foreign transactions ban on naira cards
The ban on foreign transactions using naira cards by Nigerian lender, Wema Bank has been lifted. The bank announced the lifting of…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Access Holdings acquires majority shares of Angolan bank Finibanco
Access Holdings has announced that it has successfully acquired the majority of Finibanco Angola. The group stated that the transaction was made…
FBN Holdings’ share price fall as investors fret over shareholder disputes
As investors reacted poorly to the shareholder crisis now playing out at the bank, FBN Holding’s share price dropped by 10% for…
Globus Bank opens third branch in northern Nigeria
By Christian George Globus Bank has opened new branches in northern Nigeria with the view to expanding its business throughout the…
How fraudsters duped Nigerian bank customers N472m in three months
A recent report by FITC has unveiled a distressing reality for bank customers in Nigeria, as they lost a staggering N472 million…
Development Bank reinstates support for MSME growth
The Development Bank of Nigeria has reaffirmed its dedication to helping Nigeria’s Micro, Small, and Medium-Sized Enterprises. According to ThisDay, the bank…
First Bank makes biggest single-day trade since 2012
The stock exchange reported that 4.7 billion shares of First Bank of Nigeria Holdings were exchanged on Thursday, the most in a…
Stanbic IBTC Holdings names new Board of Directors
Stanbic IBTC Holdings Plc has announced the appointment of new board members to its holding company and its subsidiaries. This was revealed in…
Banking sector is economy’s livewire, expert tells Tinubu
A former Managing Director and Chief Executive Officer of Bank of Agriculture Limited, Dr. Mohammed Santuraki, has stated that the banking sector is the…
Bank borrowing from the CBN hits N10.35tn
Banks in Nigeria appear to be increasingly reliant on the Central Bank of Nigeria, for liquidity as borrowings from the apex bank hits N10.35…
Zenith Bank maintains position as top Nigerian lender in global survey
In the 2023 top 1,000 world banks list released by The Banker Magazine, Zenith Bank Plc has maintained its position as the…
Expert urges CBN to regulate DMB’s exploitative charges
By Wilson Adekumola A financial expert, Okechuwu Unegbu has criticized the multiplicity of service charges by Deposit Money Banks, urging the Central…