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 UBA Alumni Network now offers a broad range of advantages to empower ex-staff members.
UBA’s Group Managing Director…
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…
Nigeria’s borrowing from the World Bank has reached $14.34bn as of March 31,
This was an increase from the $13.93bn debt recorded by the Debt Management Office as of December 31, 2022.
This means that fresh disbursements on approved loans added $410m to Nigeria’s debt from the World Bank in the first quarter of 2023.
The IBRD lends to governments of middle-income and creditworthy low-income…
Wema Bank Plc has said it recorded N39.35bn gross earnings in the first quarter of the 2023 financial period.
This was a year-on-year increase of 35.04 per cent from N29.14bn recorded in the corresponding period of 2022.
It disclosed this in a statement on its unaudited…
With rising concerns around the seeming disappearance of newly redesigned notes, the Central Bank of Nigeria has said it is supplying more quantities of the new notes to banks.
This was according to a statement by the CBN’s Acting Director, Corporate Communications, Dr Isa…
Wema Bank Plc has said its gross earnings rose by 42.3 per cent to N131.08bn as of the end of 2022 financial period from N92.14bn in the corresponding period of 2021.
It revealed this in a statement on its audited financial results for the period ended December 31, 2022.
The statement said, “The results which showed positive fundamentals across board, revealed a growth of 44.7 per cent year on…
According to the World Bank, the Nigerian diaspora transferred $168 billion in eight years.
April 25, 2023
The Nigerian Diaspora community has remitted $168.33bn to the country in the past eight years, according to World Bank reports collated by our correspondents.
This is as foreign investments inflow into the country fluctuated in the period under review and caused a scarcity…
Nigeria’s borrowing from the World Bank has risen by 121.46 per cent under the regime of the President, Major General Muhammadu Buhari (retd.)
The total debt owed to the World Bank Group by Nigeria rose by $7.64bn (N3.52tn, using the exchange rate of the Central Bank of…
The policy of dormant CBN accounts has raised concerns in the banking sector.
April 21, 2023
Banks and their customers have raised concerns over the Central Bank of Nigeria’s proposed plan to mop up funds from dormant accounts. While the proposal is not new, stakeholders argue that it could potentially have unintended consequences on the banking sector, reports Oluwakemi Abimbola
The bank account of a deceased man, Oluwanisola Yekini, has been dormant since he died in 2020. The…