Banking

According to KUDA, customers' money is safe in case of problems with the application.

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February 1, 2023
Neo bank, Kuda, has allayed the fears of its customers who have been unable to access their money since Tuesday owing to glitches on its app. The bank said the customers’ money was safe and it was working on fixing the issue with the app, adding that customers would be able to access the app once the issue is resolved. Customers of the bank have become apprehensive owing to their inability to…
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Banking

NEXIM Bank, partner of cotton producers.

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February 1, 2023
The National Cotton Association of Nigeria (NACOTAN) has called on NEXIM Bank to ensure cotton grower’s benefit from the bank’s financial intervention. NACOTHAN made the call in a communiqué signed by the Chairman, Conference Organising Committee, Felix Egbamuno in…
Banking

Banks accept old banknotes after the deadline - Emefiele.

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January 31, 2023
The Governor of the Central Bank of Nigeria, Godwin Emefiele, told the House of Representatives on Tuesday that commercial banks in Nigeria will still accept old naira notes from customers after the deadline of February 10. Emefiele stated this while appearing before the ad hoc committee set up by the House of Representatives on CBN naira redesign policy, though he did not say how long the expired…
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BankingBusiness Ranks

UBA appoints first female African business CEO.

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January 31, 2023
The board of Directors of the United Bank for Africa Plc, has appointed Mrs Abiola Bawuah, as chief executive officer of UBA Africa. The bank disclosed via a statement on Monday that Bawuah would also join the group board as an executive director, overseeing the Group’s…
Banking

Fidelity Bank is recognized for supporting small businesses.

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January 31, 2023
Fidelity Bank Plc, at the Annual Global Banking & Finance Awards which held in London, UK, has been announced as the ‘2022 Best SME Bank’ in Nigeria by the Global Banking & Finance Review. Global Banking & Finance Review, a leading online, digital, and print…
Banking

Atiku wants banks to promote mobile banking.

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January 30, 2023
People’s Democratic Party (PDP) presidential candidate Atiku Abubakar congratulated President Muhammadu Buhari on agreeing to extend the deadline for exchanging old naira banknotes for recycled ones. In a series of tweets about verified addresses, the former vice president noted that the Central Bank of Nigeria (CBN) is finally listening to patriotic voices. It is commendable that patriotic…
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Banking

5G: Mafab plans to roll out across the country.

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January 30, 2023
Nigeria’s second fifth generation (5G) technology services provider, Mafab Communications Limited, has said its long-term plan is to roll out services across the country starting with six cities. The operator, which won the 3.5 gigahertz (GHz) spectrum in 2021 alongside…
BankingEconomy

FG Extends Digital Money Lender Registration Deadline

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January 28, 2023
The federal government has extended the registration deadline for DML, a digital money lender. The federal government has extended the registration deadline for Digital Money Lenders, DML. This was included in a statement released Friday by Federal Competition and Consumer…
BankingBrands & People

Working with experts is the secret of my success, says FCMB founder Otunba Subomi Balogun.

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January 11, 2023
Otunba Subomi Balogun, the founder of the First City Monument Bank (FCMB) Group, claims that by prioritizing God and surrounding himself with thoroughbred experts, he was able to successfully navigate the Central Bank of Nigeria’s (CBN) N25 billion recapitalization policy. He continued by saying that the two elements had greatly influenced his achievements. He said that there had been…
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