Union Bank of Nigeria has reaffirmed its commitment to a just and equitable society by promoting equity, justice, and the continuous inclusion of women in all fields of human endeavour, particularly in technology.
A statement said this was highlighted at a virtual event hosted by the bank’s internal women’s network called the Women Empowerment Hub, in honour of International Women’s Day…
More and more banks are issuing old notes, and customers are refusing deposit conditions.
March 10, 2023
More Deposit Money Banks have begun to dispense old N1,000 and N500 notes to their customers, about three days after a few banks started doing so.
Polaris Bank and First Bank had started to pay old N1,000 and N500 notes to their customers.
This came about three days after…
The Managing Director/Chief Executive Officer of Wema Bank Plc, Mr Moruf Oseni, has restated the bank’s commitment to promoting gender equality and create opportunities for women to grow and achieve success in their careers.
Oseni saidd this at the bank’s 2023…
The Central Bank of Nigeria has issued operational guidelines for open banking in Nigeria to ensure stability in the nation’s financial system.
The apex bank in a circular referenced, ‘PSM/DIR/PUB/CIR/001/043’, and dated March 7, 2023, said the guidelines would create greater access to customer-focused data sharing between banks and third-party firms.
The circular signed by the Director of…
Four outstanding women were honoured in different fields of human endeavour at the LAPO Outstanding Women Leadership Award on Tuesday in Benin.
In the professional category, Proprietor of Anchor International School, Kogi, Helen Mathias, was adjudged the winner; Gladys Okoro…
The fresh move by some Deposit Money Banks to re-circulate old N500 and N1,000 notes suffered a setback on Tuesday as motorists, fuel stations, retailers, traders, and other categories of bank customers rejected the old currencies.
The development came about 48 hours after…
Following the Supreme Court judgment, which extended the validity of the Central Bank of Nigeria currency redesign policy to December 31, some banks across the country have started paying out the old N500 and N1,000 notes to customers.
Guaranty Trust Bank, Polaris Bank and some other banks were on Monday confirmed to be dispensing the old notes in Abuja and Kano.
A banker who spoke with Daily…
The First City Monument Bank has expressed its delight in Babban Gona, a Nigeria-based high-impact social enterprise, for winning the Schwab Award for Social Entrepreneurship at the World Economic Forum annual meeting which held in Davos, Switzerland.
Babban Gona is an…
The Housing Development Advocacy Network has appealed to the Central Bank of Nigeria to give waivers to mortgage banks in the cash withdrawal limit policy.
The report titled “How CBN is underdeveloping the Nigerian mortgage sector” noted that appeals made to the CBN for…
The Central Bank of Nigeria has approved in principle for Zenith Bank to operate as a financial holding company.
In a statement signed by the Company Secretary, Michael Otu, on Friday, the bank revealed plans to change its organisational structure.
With this change, the organisation will have a banking subsidiary along with other subsidiari
Part of the statement read, “The CBN has granted…