The United Bank for Africa has announced its plans to conduct a workshop that will provide valuable insights to proprietors of micro, small, and medium-scale enterprises, enabling them to effectively manage both their well-being and finances in the face of global economic challenges.
According to an official statement released on Tuesday, UBA has organized this workshop as part of its ‘UBA…
Zenith Bank Plc has retained its ranking as the ‘Number One Bank in Nigeria by Tier-1 Capital’ in the 2023 top 1,000 world banks’ rankings published by The Banker Magazine.
The bank had held its position as the number one Tier-1 bank in Nigeria for the fourteenth year…
Mr Okechukwu Unegbu, a financial expert, has called on the Central Bank of Nigeria to check the multiplicity of service charges by Deposit Money Banks.
Unegbu, a past president of the Chattered Institute of Bankers of Nigeria, made the appeal in an interview on Sunday in…
The Bank of Industry says its key capital-raising transactions from the international financial market, which fueled its financial performance in 2022, have been recognised with local and international awards.The bank, in a statement, said its total assets had grown by 248 per cent between 2016 and 2022, reaching N1.71tn by the end of 2021 and closing at N2.38tn as of December 2022.
For these…
The private sector and economists are supporting the Central Bank of Nigeria as the naira depreciates to 664/$
June 15, 2023
The Central Bank of Nigeria has directed Deposit Money Banks to remove the rate cap on the naira at the official Investors and Exporters’ Window of the foreign exchange market, to allow for a free float of the national currency against the dollar and other global…
Polaris Bank says it has adopted a customer-centric approach as part of its restructuring in order to boost future success.
The lender also said it was concluding plans to inject tier-ii capital in order to enhance the growth of its assets
This was stated by the bank’s…
The Federal Government recorded N930.8bn fiscal deficit in January and February 2023 according to the Central Bank of Nigeria.
The CBN stated in its monthly economic report for February 2023 that, “The estimated overall fiscal deficit of the FGN expanded in February, due to a drop in the retained revenue.
At N513.05bn, the provisional fiscal deficit of the FGN rose by 22.8 per cent relative to…
United Bank for Africa Plc has revamped the UBA Alumni Network Programme, aimed at fostering stronger connections and providing exclusive benefits to its esteemed former employees.
According to the statement issued by the bank, in enhancing its initial promises, the revamped…
First City Monument Bank has unveiled an innovative product called FCMB Airtime Advance, which allows customers to borrow funds from their bank accounts.
A statement from the bank said it allowed borrowings ranging from N200 to N5,000 directly from their bank accounts for…
The Central Bank of Nigeria has partnered with Benson Idahosa University, Benin, Edo State, to deepen adoption of eNaira as a payment system and medium of exchange.
Branch Controller, CBN, Benin, Michael Mbeze, stated this during a three-day training of students of the institution on the application of eNaira.
Mbeze said that the eNaira, just like the physical Naira, was also an official legal…