How FG can tackle Nigeria’s debt – Rewane
The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has suggested three ways for Nigeria to tackle…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
NOVA Merchant Bank doubles earnings in 2022 – Report
NOVA Merchant Bank Limited has released its audited full-year 2022 financial results, with an impressive 107.9% year-over-year increase in profit before tax…
Jaiz Bank records 69% annual profit, N33bn revenue
Jaiz Bank reported a 68.5 percent increase in net profit for 2022 as revenue surpasses N33 billion in its audited financial report…
Wema Bank appoints Moruf Oseni new MD
Wema Bank Plc’s Board of Directors has appointed Moruf Oseni as its substantive Managing Director and Chief Executive Officer. Oseni will succeed…
Kuda begs as customers’ money vanish after second glitch
Kuda Bank has apologized to its customers after another technical failure in its system caused money to vanish. As consumers grow anxious,…
Bank of Zambia okays Access Bank, African Banking Corporation merger
The Bank of Zambia has given its final regulatory permission for one of Access Holdings Plc’s subsidiaries, Access Bank Zambia Ltd, to…
CBN denies rumors on suspension of OPAY, PALMPAY
The rumors that the Central Bank of Nigeria has suspended accounts of Fintech businesses like OPAY and PALMPAY have been labeled as…
More banks will collapse in two years, Man Group CEO predicts
The CEO of hedge fund Man Group, Luke Ellis, has warned that the banking turmoil sparked by the collapse of Silicon Valley…
LAPO MFB rewards customers to encourage saving
Some customers of Lapo Microfinance Bank have received cash prizes as a reward in the bank’s raffle draw promotion and for saving.…
Investment bank Credit Suisse targets $50bn loan to stabilise finances
The financially distressed Credit Suisse says it would borrow up to 50 billion francs ($54 billion; £44.5 billion) from the Swiss central…
Global financial stocks lose $465bn over SVB collapse
As a result of investors reducing their exposure to lenders from New York to Japan in the wake of Silicon Valley Bank’s…
SVB collapse deepens crisis fears despite US intervention
On Tuesday, after assurances from President Joe Biden and other authorities failed to soothe the markets and triggered a reevaluation of the…