Category: Banking

Afreximbank launches $1bn ATDC to boost African trade

The African Export-Import Bank has launched the African Trade and Distribution Company to boost large-scale...

UBA backs Kenya’s roads levy securitisation with $150m investment

United Bank for Africa Plc has pledged $150 million (KES 20.5 billion) to support the...

Zenith Bank to raise $500m via Eurobond, rights issue

Zenith Bank Plc says it plans to raise up to $500 million in fresh capital...

Your NIN is enough for banking, no separate TIN required — FIRS

The Federal Inland Revenue Service has dismissed claims that Nigerians must obtain a separate Tax...

Nigerians without tax-ID may lose bank account access – FG

The presidential Fiscal Policy and Tax Reform Committee has said that without a Tax ID,...

CBN gov urges banks to boost diaspora remittances to $1bn

Central Bank of Nigeria Governor, Olayemi Cardoso, yesterday, urged Nigerian banks to intensify support for...

Ex-Bank of China VP under investigation for violations

The former vice president of the Bank of China, Lin Jingzhen, has been reported to...

Australian bank sacks staff, replaces her with AI she trained

A Commonwealth Bank employee has revealed she was sacked after 25 years, unaware that she...

CBN unveils compliance unit to boost risk, market oversight

The Central Bank of Nigeria has announced the creation of a dedicated Compliance Department, a...

FirstBank’s digital banking channels suffers downtime

FirstBank has announced a temporary disruption on its major digital banking channels, preventing some customers...

Five directors to profit from Providus, Unity bank merger

Five directors who have direct and indirect holdings in Unity Bank Plc are set to...

Providus bank to take over Unity bank

Providus Bank is set to take over the corporate identity of Unity Bank, with Unity’s...