NDIC Begins Paying Depositors After CBN Revokes 46 Bank Licences
The Nigeria Deposit Insurance Corporation (NDIC) has begun taking over the assets and operations of 46 microfinance banks whose operating licences were...
Banking
CBN Issues July 7 Deadline To PoS Operators For Registration
The Central Bank Of Nigeria (CBN) has issued a two-month deadline for Point of Sales (PoS) operators to complete registration with the...
Naira Crisis: CBN Stops Cash Swap Programme In Rural Areas
The cash swap programme of the Central Bank of Nigeria (CBN) has been stopped in rural and unbanked areas. Naija News learnt...
CBN Ordered To Freeze Polaris Bank Account
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has been ordered to freeze the account of Polaris Bank over a judgment...
GTBank In Money Laundering Control Mess As UK Govt Fines Firm $9.3m
The United Kingdom-based financial watchdog, Financial Conduct Authority (FCA), has slammed the British subsidiary of Nigeria’s Guaranty Trust Bank (GT Bank) £7.6...
Bank Directors Grow Income By 5.3%
The Bank Directors Association of Nigeria has announced that it’s income rose by 5.3 percent in the 2021 financial year. The Chairman...
Flutterwave Denies Involvement In Financial Improprieties
Nigerian financial technology company, Flutterwave has denied involvement in any financial misconduct in the guise of providing merchant service as contained in...
Zenith Bank Retains Position As Nigeria’s Best Commercial Bank
Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2022, retaining the award for...
Abbey Mortgage Bank Grows Full Year 2021 Profit Before Tax By 116%
Abbey Mortgage Bank Plc, Nigeria’s leading non-aligned Primary Mortgage Bank in Nigeria (PMBN) has released its financial results for the year ended...
UBA Rewards Loyalty as Customers win ₦16.6m in Super Savers Promo
Africa’s Global Bank, the United Bank for Africa (UBA) Plc, has rewarded its loyal customers in the just concluded UBA Super Savers...
FirstBank Bounces Back To Its Leadership Position, Delivers A Fantastic Performance In 2021
As financial market analysts continue to digest the 2021 financial results of the FirstBank Limited, which they say reflect the return of...
Cash-strapped Banks Borrow ₦338.4bn In January – CBN Report
The Central Bank of Nigeria (CBN) data showed that banks that are cash-strapped borrowed ₦338.5bn in January to bridge their funding gap....
Firstbank Rewards Customers In Its Firstmobile Cash-Out Promo
In collaboration with Interswitch, FirstBank has launched a promo to reward users of the FirstMobile app, its industry-leading mobile banking application. The...
Zenith Bank Retains Its Position As Nigeria’s Best Bank
Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Magazine’s Best Banks Awards 2022, retaining the...
Massive Returns For Zenith Bank Shareholders As Bank Pays Dividend Of ₦97.33 Billion
Shareholders of Zenith Bank Plc, at the 31st Annual General Meeting (AGM) of the bank held on Wednesday, April 6, 2022, at...
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Buhari Govt Shut Down Okash, GoCash, Other Online Banks [Full List]
The Muhammadu Buhari-led government has shut down some illegal financial institutions operating in some parts of Lagos State. Naija News reports that...
Zenith Bank’s Gross Earnings Hit ₦756bn, Profit Before Tax Rose To ₦280bn
One of Nigeria’s financial institutions, Zenith Bank Plc has released its audited financial results for the 2021 financial year. In a statement...
Fixed Income Market Turnover Drops By 31.12% In January
FMDQ Securities Exchange in its January 2022 edition of (FIC) markets analysis disclosed that turnover in the fixed income and currencies market...
Currency In Circulation Hits ₦3.33trn In 2021- CBN
The Central Bank of Nigeria (CBN) has disclosed that the total Currency in Circulation (CIC) in the country in 2021 was ₦3.33...
CBN To Stop Selling Forex To Banks In 2022
The Central Bank of Nigeria (CBN) on Thursday announced that it will stop selling forex to Deposit Money Banks (DMBs) by the...