Tag: Banking

News

PoS operators won’t increase service charge – AMMBAN

The Association of Mobile Money and Bank Agents in Nigeria have said they have no plans to increase their service charges.Speculations have gone round following the Central Bank of Nigeria’s decision to review cash withdrawal limits for Automated Teller Machines and over-the-counter withdrawals, that Point of Sale operators might have to increase their charges to […]

How Nigerian banks performed first half of 2022
Banking

Why bank stocks dropped by N141bn – Analyst

Market experts and analyst have explained why the banking sector performance ended the year out of the loop as five banks saw their value downed by 5.5 per cent from N2.57tn in 2021 to N2.43tn at the close of trading in 2022. The five banks collectively known as Tier-1 banks all saw a decline in […]

Banking

PennyTree redesigns app to improve retail banking

Nigerian Fintech company, PennyTree, has redesigned its mobile app to provide retail banking services for individuals and merchants looking to scale and grow their business operations.   The Co-founder of PennyTree, Abayomi Ogunjobi, announcing the launch on Thursday, explained that the new direction is a necessary solution designed to help individuals make the most of […]

Police storm Emefiele's Abuja residence
Banking

Full list: Five laws guiding Nigeria’s banking activities

Recent research has shown the laws that guides, checks and balances the banking industry and their activities. The banking industry garnered approximately $15.7 billion in foreign investments over the course of the previous five years, according to a report by Nairalytics, the research division of Nairametrics. The Central Bank of Nigeria reported that between 2017 […]

How Nigerian banks performed first half of 2022
Banking

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 N821 million in compensation, according to recent findings. In comparison to the N699 million made in the same period in 2021, this represents a 17.4% increase. According to Nairametrics, this is based on […]