Recent details have emerged on why the defunct Diamond Bank surrendered itself for a business combination deal with Access Bank Plc. In December 2018, Access Bank and Diamond Bank signed an agreement to merge, with Access Bank being the principal bank. According to a report obtained by THISDAY...
Nigeria Bureau of Statistics (NBS) said that banks have refunded N654.49 million excess charges deducted from government bank accounts related to the federation account. The Bureau disclosed this in its Federation Account Allocation Committee (FAAC) disbursement report for March 2018.
The Central Bank of Nigeria, CBN, has set state-by-state target for the 21 commercial banks and 942 Micro finance banks in the country to ensure that every Nigerian adult has access to financial services. Elizabeth Agu, the CBN Branch Controller, Federal Capital Territory, made this known on …...
Moody’s Investors Service (Moody’s) has downgraded to B2 from B1 the long-term local currency deposit and issuer ratings of four Nigerian banks.
The banks are:
Access Bank Plc (Access)
Guaranty Trust Bank Plc (GTBank),
United Bank for Africa Plc (UBA) and
Zenith Bank Plc (Zenith) and the...
Federal government may soon outlaw sending of vital bank details via short message services (SMS) in Nigeria because of its associated risks.
The Nigerian Communications Commission (NCC) has said it was already engaging with the Central Bank of Nigeria (CBN) to find better ways of doing it...
fg and ncc
nigerianbanksnigerian communications commission
prof. umar garba danbatta
sms on bank details
Four Nigerian banks are operating with too many non-performing loans on their books and with liquidity ratios below the minimum requirement, two members of the central bank monetary policy committee said in statements on the bank’s website.
They did not name the lenders but said the four banks...
The Central Bank of Nigeria on Monday threatened to sanction any Deposit Money Bank in breach of its earlier instructions to open teller points for retail foreign exchange transactions in all locations.
The apex bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, in a statement...
forex sale point in banks
Access Bank PLC, has reacted to the pornographic movie that appeared on screen of its University of Lagos, UNILAG’s branch gallery on Friday.
Customers queuing to use the bank’s ATM were shocked yesterday morning when some adult contents started displaying on the screen instead of the normal...
Nigerian bankers and its officials who facilitated the huge non-performing loans in Asset Management Corporation of Nigeria, AMCON's portfolio, are the new target of the Economic and Financial Crimes Commission, EFCC-led by Ibrahim Magu.
AMCON in a statement after a meeting with the management...
amcon and efcc
In an article that has Nigerian business owners nodding at every word, Jason Njoku, the founder of iRoko, has slammed Nigerian banks as useless.
He chronicles his personal and business relationship with Zenith bank and details the complete lack of value they offered him and the business in...
The Central Bank of Nigeria (CBN) on Wednesday ordered the consortium of 13 banks involved in Etisalat Nigeria’s $1.2 billion loan to suspend further action on the indebtedness, including taking over ownership or management of the company.
This development is coming as Etisalat Nigeria claimed...
central bank of nigeria
One of Nigeria’s telecommunication companies, Etisalat has now been taken over by ten major Nigerian lenders.
The lenders include:
1. Zenith Bank
2. GT Bank
3. First Bank
5. Fidelity Bank
6. Access Bank,
9. Stanbic IBTC Bank and
10. Union Bank.
banks that acquire etisalat
Etisalat Nigeria Limited board of directors may be dissolved any moment as its largest shareholder, Mubadala Development Company of United Arab Emirates, has pulled out its investment and headed out of the country.
Sources familiar with the latest troubles in Etisalat Nigerian confided in...
etisalat nigeria limited
latest on etisalat debt
mubadala development company
premium times report on etisalat
A POS (Point Of Sale) terminal is a portable device that allows businesses accept bank card payments for transactions. Most POS terminals are issued by banks.
How To Get A POS For Your Business
1. Have An Account - Before any bank deploys a POS terminal to your business outlet, you will...
how to get a pos device
how to get a pos machine
Fidelity Bank Plc has posted a gross earnings of N152.0bn for the financial year ended December 31, 2016 and is proposing to pay a dividend of 14kobo per share to shareholders.
The full year audited results released over the weekend at the Nigerian Stock Exchange (NSE), show a 3.5% growth in...
fidelity bank 2016 report
fidelity bank plc
fidelity bank posts 3.5% gross growth
Central Bank of Nigeria on Monday shocked Nigerians and businesses over sudden change in foreign exchange rules.
The naira on Monday slumped to 520 per dollar at the parallel market as pressure keeps mounting on dollar scarcity.
Nigerian Bulletin take a look by identifying the three possible...
cbn new forex policy
gainers from cbn new forex rules
United Bank For Africa, UBA Plc has debunked rumor circulating of the Banks' call for graduate trainee programme in 2017.
The fake message has said that UBA is recruiting for fresh graduate in Nigeria for its 2017 graduate programme.
The management in a release on Sunday said: “Dear All It ha...
jobs at uba
news about uba plc
Allan Gray Ltd., the largest manager of non-government investment funds in Africa, has increased its stake in Nigerian Zenith and Access banks.
The South African investor, based in Cape Town, is betting on Nigeria’s banking industry despite poor performances by the oil companies it depends on...
allan gray ltd
investors buys share in zenith and access banksnigerianbanksnigerian zenith and access banks
south african investor
Despite the harsh business environment, First Bank of Nigeria Limited and four other Nigerian banks have made the top 500 banking brands of The Banker magazine of the Financial Times and Brand Finance, London.
The Country Representative – Nigeria of The Banker magazine, Mr. Kunle Ogedengbe, in...
first bank of nigeria
nigerianbanksnigerianbanks make top 500 global brands
top 500 global brands