100% cashless economy possible in Nigeria – Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele has said that the goal of the apex bank to make Nigeria…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Polaris Bank announces new board
Strategic Capital Investment has appointed a new board of directors, just 24 hours after announcing the acquisition of Polaris Bank. The newly…
CBN sells Polaris Bank N50bn
Strategic Capital Investment Limited has completed the acquisition of the entire Polaris Bank shares for N50 billion. The Central Bank of Nigeria…
Reps stops CBNs sale of Polaris Bank
The House of Representatives has asked the Central Bank of Nigeria to halt the planned sale of Polaris Bank Plc. According to…
How Nigerian banks performed first half of 2022
Experts analysis revealed that Wema Bank, First Bank and Stanbic IBTC stood out as the best performing banks in the first six…
Zenith, GTB, others record ₦500bn after tax profit
Zenith Bank takes the lead as the Nigeria Exchange posted N501.13 billion after tax profit of 13 banks in the first six…
Meet highest earning Nigerian bank MDs/CEOs
In the first half of 2022, the managing directors and chief executive officers of six listed Nigerian banks received a total of…
Fraudsters hack bank, transfer customers’ N522m
An old generation bank customer’s account was hacked by suspected fraudsters, transferring N523,337,100 from the account to 18 different accounts in the…
First Bank suspends dollar transactions on naira debit cards
First Bank of Nigeria has suspended international transactions using the Naira Mastercard, Naira Credit Card, our Virtual card, and Visa Prepaid Naira…
Tax evasion: Kogi govt seals First Bank branches
Kogi State Government has sealed all branches of First Bank Nigeria PLC operating in the state following an order by a High…
Banks reduce forex sales as scarcity persists
Findings have revealed that Banks have started to limit Personal Travel Allowance and Business Travel Allowance clearance requests to legitimate users. According…
PoS transactions hit N8trn in 2022 – NIBSS
Recent data from the Nigeria Interbank Settlement System showed that the value of Point of Sale transactions in Nigeria has risen by…