Zenith Bank Plc has been ranked as the number one bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine.
For the 13 consecutive year, the bank retained its position as the number one Tier-1 bank in Nigeria with a Tier-1 Capital of $2.75bn, emerging as the 460th Bank globally.
The ranking, which was published in the July 2022 edition of The…
The Central Bank of Nigeria has disbursed N68.13bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention.
According to the bank, the CBN Governor, Godwin Emefiele, disclosed this in Lagos after the last…
The Central Bank of Nigeria (CBN) has granted an Approval in Principle (AIP) to fintech platform Fincra to operate as a Payment Solution Service Provider (PSSP) across the country.
In its commitment to promote strong and credible payment systems, CBN, in December 2020…
SplitCash Is Creating A World of Simple And Secure Shared Payments For Everyone
June 16, 2022
We all know what it is like to split a bill – from rent to groceries, a dinner with your friends, down to everyday living costs. Your mind quickly goes to payments for services like an Apple Music family plan, Spotify, or even Netflix. Splitting bills is more common than people like to publicize.
And with good reason. The conversations that come with a shared payment can range from…
In May 2022, the bank celebrated 15 years of transforming lives and supporting Nigerians and Nigerian businesses with a series of activities exciting activities geared at appreciating and rewarding the bank’s customers.
The highlight of the events was the commissioning of…
Union Bank of Nigeria Plc has notified the Nigerian Exchange Limited (NGX), Securities and Exchange Commission (SEC) and other stakeholders of changes in its board and the completion of the sale and transfer of 93.41 per cent of its issued share capital to Titan Trust Bank…
Central Bank of Nigeria (CBN) backtracks, takes radical stance against rising inflation
May 30, 2022
The rate-fixing arm of the Central Bank of Nigeria (CBN) backtracked on its position on the country’s rising inflation, yesterday, increasing the monetary policy rate by 1.5 per cent or 150 basis points (bps), an extreme radical stance against rising prices.
A 150bps increase in MPR is a rare decision, perhaps not taken by the Monetary Policy Committee in recent years. With the decision, CBN is…
‘Banks can’t achieve 95% financial inclusion goal without secure technology’ - Ifie Sekibo
May 30, 2022
Ifie Sekibo, Managing Director/Chief Executive Officer of Heritage Bank Plc, believes investment in smart technology is never enough. In an interview with GEOFF IYATSE, he speaks on a backlog of challenges that delayed the financial inclusion drive and how banks can bridge…
The United Bank for Africa (UBA) Plc celebrated this year’s Africa Day with the fourth edition of its annual Africa Conversations, which was held at the UBA House, Lagos.
The UBA Africa Conversations is a yearly event that started in May 2019 as a hallmark initiative in a…
To encourage and simplify vehicle ownership for personal use by millions of Nigerians, First City Monument Bank (FCMB) is offering auto loans of up to N30 million at a reduced interest rate.
The FCMB auto loan supports acquiring brand new and pre-owned vehicles (popularly known as “Tokunbo”), with N500,000 as the minimum loan amount that a customer can access for a repayment duration of up to…