By Ginika Okoye Experts in the financial sector say building strong capital and liquidity buffers will help financial institutions withstand and adapt to global shocks and financial crisis. The experts said this at the 18th Chartered Institute of Bankers of Nigeria (CIBN) Annual Banking and Finance Conference in Abuja. TheyContinue Reading
By Taiye Olayemi Wema Bank Plc has completed its N150 billion Rights Issue, securing approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The bank made this known in a statement on Thursday in Lagos. The Rights Issue, which openedContinue Reading
CIBN targets 10,000 global participants for 2025 conference By Taiye Olayemi The Chartered Institute of Bankers of Nigeria (CIBN) says over 10,000 participants worldwide are expected at its 18th Annual Banking and Finance Conference. President and Chairman of Council, Prof. Pius Olanrewaju, disclosedContinue Reading
By Ginika Okoye The Board of Banks’ Chief Executive Officers (CEOs) says that prolonged litigations of financial cases and enforcement bottlenecks impede banks’ capacity to support Small and Medium Enterprises (SMEs). Mr Oliver Alawuba, the Chairman of the Board, said this at the 23rd National Seminar on Banking and AlliedContinue Reading
By Funmilola Gboteku Telecom subscribers in Nigeria will now be charged directly by their mobile network operators for Unstructured Supplementary Service Data (USSD) services, starting Wednesday, June 18, 2025. This was made known in a statement signed by Mr Gbenga Adebayo, the Chairman, Association of Licensed Telecommunications Operators of NigeriaContinue Reading
By Taiye Olayemi Credit rating agencies, Fitch and GCR, have upgraded the ratings of Wema Bank, further underscoring its capacity for long-term sustainability within the African banking ecosystem. According to a statement by the bank on Thursday, theseContinue Reading
By Kadiri Abdulrahman TAJBank, Nigeria’s leading non-interest lender, has signed the completion agreement for the N20 billion second tranche of its N100 billion Mudarabah Sukuk bond programme. The Founder/Managing Director, of TAJBank, Mr Hamid Joda, made this known in a statement on Wednesday in Abuja Joda said that the latestContinue Reading
By Taiye Olayemi Access Bank has partnered with Bill & Melinda Gates Foundation and Microsave Consulting Global Consulting Pte Ltd. to improve financial services for low-income women in rural communities across the country. This initiative aims to empower women economically by providingContinue Reading
By Taiye Olayemi Coronation Merchant Bank increased its gross earnings by 58 per cent year-on-year, reaching ₦97.1 billion in 2024. This marks a rise from ₦61.58 billion recorded in 2023. At the 10th Annual General Meeting in Lagos on Tuesday, Chairman,Continue Reading
By Taiye Olayemi 12-year-old boy, Master Chiderije Mbah, winner of the Wema Bank One-Day Managing Director/ Chief Executive Officer (MD/CEO) Initiative, took over the reins of Wema Bank Plc on Tuesday, in commemoration of Children’s Day. The initiative is a celebration of potential, leadership and the boundless possibilitiesContinue Reading
