Ecobank unveils Banking lounges for advantage customers in 3 states

Ecobank Nigeria has commissioned three additional banking lounges for its Advantage customers in Uyo, Port Harcourt and Abuja.The Advantage segment offers its customers dedicated...

DBN to start in Nigeria, says Buhari

President Muhammadu Buhari on Friday declared that a new bank, Development Bank of Nigeria(DBN) would soon begin operations to strengthen the government’s economic diversification...

UBA Plc denies having FG’s $530m, thanked customers for support

UBA Plc, one of Nigeria’s leading banks denied it was sitting tight on $530million belonging to the Federal Government, part of its $2.1billion dividend...

ALAT: Technology changing face of banking system

Technology is changing the way banking is done, with lenders becoming more technology savvy to meet customers’ needs, Wema Bank Executive Director of Retail...

Afreximbank’s Oramah bags Africa’s Banker of the Year award

President of African Export-Import Bank (Afreximbank), Dr. Benedict Oramah, has been named African Banker of the Year at the African Banker Awards 2017 ceremony,...

Moody’s, Augusto rate Heritage Bank high on strong capitalisation, asset quality

Two foremost rating agencies, Moody’s and Augusto & Co. recently affirmed that Heritage Bank's capitalization remains sound in relation to its low asset risk...

UBA seals $150m AfDB loan deal

The African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) on Wednesday November 30, 2016, signed a USD 150 million loan...

AfDB approves $1.2m to support BOA

Prof. Danbala Danju, the Managing Director, Bank of Agriculture( BOA) says the African Development Bank (AfDB) has provided a $ 1.2million grant for the...

FG to inaugurate Development bank of Nigeria in January

The Federal Government plans to inaugurate the Development Bank of Nigeria by January next year to support smaller-scale businesses.The Minister of Finance, Mrs. Kemi Adeosun,...

BoI mulls increase funding to mining sector

The Bank of Industry (BoI) has pledged to increase funding support to the mining sector in the country, order to improve the sector’s contribution...

UBA celebrates Africa day 2017 across 19 countries

In line with its commitment to promote the African culture and deepen its footprints on the continent, United Bank for Africa Plc has celebrated...

Banks edge down lending to economy by ₦115bn in Q1

Banks reduced their lending to the economy by ₦115 billion in the first quarter of 2017, even as Nigerians withdrew ₦1.5 trillion through ATMs during...

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