Why accounts of 50 firms operating loan apps are frozen –FCCPC
Babatunde Irukera is the Executive Vice-Chairman/Chief Executive Officer of the Federal Competition and Consumer Protection Commission, formerly known as the Consumer Protection…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Paper currency will soon be out of circulation -CBN official
The Central Bank of Nigeria has said that paper currency will soon be out of circulation, urging market men and women to…
Banking sector remains resilient, says CBN
The Nigerian banking sector remained resilient in February, according to a report released by the Central Bank of Nigeria. The CBN disclosed…
Bank loans to govt rise to N16.32tn – CBN
The total net credit by the Nigerian banking sector to the government rose by N2.2tn in the first quarter ended March 2022…
Poverty can’t be eradicated without financial inclusion – First Bank
Without adequate financial inclusion, poverty cannot be effectively eradicated in Nigeria and other nations of Africa, First Bank Nigeria Plc stated on…
Zenith Bank grows quarterly earnings by 22%
Zenith Bank Plc’s gross earnings rose by 22 per cent in the first quarter of 2022. The lender’s earnings rose from N157.3bn…
Premium Trust Bank commences operations, promises service delivery
Premium Trust Bank has launched its first branch in Port Harcourt, Rivers State, joining the list of licensed commercial banks operating in…
10 banks raked in N1.57tn interest income in 2021 – Reports
Ten Deposit Money Banks in Nigeria earned a total of N1.57tn in net interest income last year, up from N1.49tn as of…
Digital banks not tackling financial crime –UK regulator
Britain’s online-only challenger banks need to do more to prevent the abuse of their platforms by criminals, regulators have warned. According to…
Why CBN can’t float exchange rate –Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that despite calls and recommendations by the International Monetary Fund,…
Kuda Bank defends customer’s harassment amid criticisms
KUDA Bank has said the event leading up to one of its customers being forcibly dragged out of its office by law…
10 banks lend customers N2.9tn in 12 months
Between December 2020 and December 2021, the combined loan portfolio of 10 Deposit Money Banks in Nigeria rose by N2.9tn, data collated…