BankingBlockchain

Securities and Exchange Commission, banks’ agreement on crypto rules uncertain

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May 24, 2022
The new regulations recently released by the Securities and Exchange Commission (SEC) for the cryptocurrency industry may soon put the commission on a collision course with deposit money banks in the country. This is as operators in the cryptocurrency industry are working towards compliance with the provisions of the regulations in order to become legitimate entities. SEC had on May 13, 2022…
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Banking

11 Banks post N262 billion net profit in Q1

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May 24, 2022
Zenith Bank Plc and 10 others have posted a cumulative net profit of N261.991 billion for the first quarter (Q1) ended March 31, 2022. The other banks are Guaranty Trust Holding Company (GTCO), Access Holdings, Ecobank Transnational Incorporated Plc (ETI), United Bank for…
Banking

Sterling Bank Plc Signed MoU With NOA to boost heath funding

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May 24, 2022
Sterling Bank Plc has signed a memorandum of understanding (MoU) with the Nigerian Optometrist Association (NOA) to enhance capacity, reduce brain drain and increase funding for the health sector. The funding component of the deal is expected to see the bank increasing its funding through the Central Bank of Nigeria (CBN)’s support for the health sector and extending part of its conventional…
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Banking

Bank of Industry records 75% profit growth, pays shareholders N7.89bn dividend

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May 24, 2022
The Bank of Industry (BOI) recorded a 75 per cent increase in its Profit Before Tax to N61.15 billion in the 2021 financial period. The Chairman of BOI’s Board of Directors, Aliyu Dikko announced the results during the bank’s 62nd yearly general meeting in Abuja. The bank also declared a dividend payment of N7.89 billion for the financial year ended December 2021 to its shareholders, the…
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Transportation

2023 Toyota Sienna gets a 25th Anniversary Edition

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May 20, 2022
The 2023 Toyota Sienna will be celebrate its nameplate’s 25th anniversary. The original model, designed as a U.S.-specific replacement to the (always fascinating) Toyota Previa, went on sale in 1997 as a 1998 model. And naturally, Toyota has a 25th Anniversary Edition…
Banking

Airtel commences Financial operations in Nigeria

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May 19, 2022
Airtel Africa Plc has announced that its payment service bank subsidiary, SmartCash, has commenced operations in Nigeria. This was disclosed in a statement signed by the company’s secretary, Simon O’Hara and filed with the Nigerian Exchange Group (NGX). The statement…
BankingRanks & Rate

TOP MICROFINANCE BANKS

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May 19, 2022
Small loans enable entrepreneurs to start or expand micro, small and medium enterprises. Microfinance also called “microcredit” is a way to provide small business owners and entrepreneurs access to capital. Often, small and individual businesses don’t have access to traditional financial resources from major institutions, so it is harder for them to access loans, insurance, and…
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