Category: Banking

Kenyan court freezes Flutterwave accounts over money laundering

A High court in Kenya has frozen bank accounts linked to a Nigerian fintech company,...

How Nigeria, others can increase mobile money accounts – World Bank

The World Bank has revealed how Nigeria and other Sub-Saharan African countries can increase the...

Afreximbank creates payment solution to save traders $5bn

In order to facilitate instant cross-border payments in local African currencies, the African Export-Import Bank...

eNaira may drop remitting cost to Nigeria —IMF

Washington-based lender, the International Monetary Fund, has disclosed that central bank digital currencies could drop...

Three ex-bankers connive to defraud bank N20bn

Three former workers of First Bank of Nigeria have been arraigned before a Lagos State...

Mobile transactions hit N4.86tn Q1 2022 – NIBSS

Nigerians’ use of mobile channels for payment transactions has risen by 3,454.46 per cent from...

CBN introduces USSD to boost eNaira

The Central Bank of Nigeria plans to introduce the Unstructured Supplementary code as part of...

Unity bank projects N10.8bn gross earnings Q3 2022

Unity Bank Plc has announced that it aims to achieve N10.890 billion in gross earnings...

28 banks Join $500m pan-African settlement platform

One year after the African Continental Free Trade Agreement take-off, no fewer than 28 banks...

UBA redeems five-year $500m Eurobond

The United Bank for Africa has redeemed its debut $500 million five-year Eurobond notes which...

Ondo communities groan as robberies halt banking operations, frustrate economic activities

A resident of Idoani in the Ose Local Government of Ondo State, Mr Segun Kolawole,...

Titan Trust completes takeover of Union Bank 

Union Bank Plc has announced the completion of core investors’ sale of a majority shareholding...