By Grace Alegba The Chairman of Polaris Bank, Dr Kassim Gidado, has urged banking professionals to uphold trust and integrity, calling them the industry’s most valuable currency. Gidado addressed newly inducted members of the Chartered Institute of Bankers of Nigeria (CIBN) during the Stream 1 Chartered Bankers Induction Ceremony inContinue Reading
LOTUS Bank, REA partner to deepen renewable energy access in NigeriaContinue Reading
Nigeria has officially handed over the African Energy Bank (AEB) headquarters, a flagship institution to mobilise capital for the continent’s energy priorities and reinforce energy value chains.Continue Reading
By Ginika Okoye The Nigeria Deposit Insurance Corporation (NDIC) has begun the process of liquidating Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, following the revocation of their operating licences by the Central Bank of Nigeria (CBN). The Corporation, in a notice to depositors andContinue Reading
By Taiye Olayemi Wema Bank Plc has completed the second tranche of its N50 billion capital raise through a fully subscribed private placement. The latest round follows the earlier conclusion of a N150 billion Rights Issue in September, bringing the bank’s total qualifying capital to N264.87 billion.Continue Reading
By Taiye Olayemi Zenith Bank Plc has concluded its public offer and attained the Central Bank of Nigeria’s (CBN) recapitalisation target. The bank’s public offer, which was oversubscribed, raised N350.46 billion, bringing its total capital base to N614.65Continue Reading
By Ginika Okoye The Federal Competition and Consumer Protection Commission (FCCPC) has welcomed the Central Bank of Nigeria (CBN)’s draft guidelines requiring banks to refund customers for failed Automated Teller Machine (ATM) transactions within 48 hours. FCCPC, in a statement by Mr Ondaje Ijagwu, its Director, Corporate Affairs, in AbujaContinue Reading
By Taiye Olayemi The Managing Director and Chief Executive Officer of Unity Bank Plc, Mr Ebenezer Kolawole, says a service culture built on responsiveness and innovation remains the key differentiator in achieving impactful customer service. Kolawole stated this duringContinue Reading
By Usman Aliyu An engineer, Akohamen Agenmonmen, who is the Chief Executive Officer of the SurfSpot Communications Limited, says Artificial Intelligence (AI) will not replace bankers except those who refuse to embrace it. Speaking at TechGrid 4.2, a landmark event in Benin City, Agenmonmen said that the financial sector wasContinue Reading
By Kadiri Abdulrahman TAJBank, one of Nigeria’s non-interest banks, says it has met the Central Bank of Nigeria’s (CBN) new minimum capital requirement for national non-interest banks. The Managing Director of the bank, Mr Hamid Joda, confirmed the capitalisation feat in a statement on Friday in Abuja. “I am happyContinue Reading
