Why shareholders approved Union Bank UK sale
The recent sale of Union Bank UK, a subsidiary of Union Bank Plc to Fidelity Bank has been attributed to its poor…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Fidelity Bank to buy Union Bank UK
Fidelity Bank Plc has revealed its plans to acquire a 100 per cent equity stake in Union Bank Plc in the United…
Primera MFB boosts SMEs with N5bn
Small and Medium Scale Enterprises have enjoyed N5 billion in financing from Primera Microfinance Bank in 2022. According to The Punch, Primera,…
Trapped forex: CBN releases $265m to airlines
In a move to curtail the crisis parading the aviation sector, the Central Bank of Nigeria released the sum of $265 million…
eNaira hits $9m transactions, 840k downloads
The eNaira has recorded ₦4 billion ($9.3 million ) transactions and 840,000 app downloads, Gadgets Africa reports. This comes a few days…
FBN Holdings appoints new executive directors
First Bank of Nigeria Holdings Plc has announced the appointment of two new executive directors. Samson Oyewale Ariyibi and Patrick Iyamabo were…
First Bank headquaters in Abuja shut over debt
The headquarters of First Bank located in the Central Business District, Abuja, had been sealed up by the FCT High Court Enforcement…
MasterCard, JPMorgan, others partner to boost payment choices
MasterCard says it has welcomed a raft of new global partners to its innovative MasterCard Installments programme and is expanding it further…
Dangote Industries ends N187.58bn bond issue
Dangote Industries Funding Plc has announced the completion of a N187.58bn Series 1 (Tranche A and Tranche B) Fixed Rate Senior Unsecured…
10 bank directors share N6.9bn allowance
Ten bank directors have shared N6.96bn executive compensation, fees and sitting allowances. The amount represents an increase of 3.32 per cent from…
Kenyan court freezes Flutterwave accounts over money laundering
A High court in Kenya has frozen bank accounts linked to a Nigerian fintech company, Flutterwave, over alleged money laundering and card…
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 number of mobile money accounts. According to…