Ecobank unveils “Double Your Target Saving” promo

Ecobank Nigeria has unveiled a “Target Savings Promo”, giving customers the opportunity to win double their savings in the bank within a specified period....

BVN enrolment extended for MfBs, others to Dec 31

The Central Bank of Nigeria, CBN, has extended the Bank Verification Number enrolment for Other Financial Institutions customers which includes MfBs to December 31,...

Safetrust Mortgage Bank posts ₦76.8 million profit

Safetrust Mortgage Bank Limited has declared profit before tax of ₦76.8 million for the financial year ended 31st December, 2016.The Chairman of the bank,...

CBN tightens liquidity, as interbank lending rate multiplies

The country’s interbank lending rate jumped to 23 per cent on Friday from just five per cent a week ago after the Central Bank...

Banks lost ₦8.68bn to frauds, forgeries in 2016 – NDIC

Commercial banks in Nigeria lost ₦8.68 billion to frauds, forgeries and outright theft, the Nigerian Deposit Insurance Corporation (NDIC) disclosed yesterday.The figure, according to...

FirstBank unveils mVisa

Major financial institution, First Bank of Nigeria Limited has entered into partnership with Visa to launch the Mobile Payments Solution – mVisa.The payment solution...

FBN Holdings’ H1 profit slides on huge NPLs, impairment charges

Financial performance of FBN Holdings Plc tumbled in the half year ended June 30, 2017 hammered by more than ₦491 billion Non-Performing Loans (NPLs)...

CBN orders banks to implement the IFRS9 before 2018

The Central Bank of Nigeria has asked commercial banks to implement the International Financial Reporting Standard 9 on or before January 1, 2018 deadline.The...

GTBank celebrates 10th anniversary of listing on London Exchange

Guaranty Trust Bank plc, is celebrating the 10th anniversary of its listing on the London Stock Exchange after it became the first Nigerian bank...

Union Bank grows profit to ₦9.2 billion in first-half 2017

Union Bank of Nigeria has posted a 23 per cent growth in gross earnings for the half year ended June 30, 2017.The bank’s gross...

Fidelity Bank to boost earnings with Visa’s new payment solution

Aside from its resolve to promote financial inclusion in Nigeria, Fidelity Bank Plc says it is targeting increased earnings following its partnership with the...

CBN sells $195m ahead of MPC decisions

Ahead of the decisions of the Monetary Policy Committee on Tuesday, the Central Bank of Nigeria on Monday boosted liquidity in various segments of...