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
By Ginika Okoye Some bank customers have called on banks to adopt safe and home grown Artificial Intelligence (AI) platforms in banking to facilitate complaints resolution. Some of the customers who spoke with the News Agency of Nigeria (NAN) in Abuja on Sunday, said that AI adoption in banking wouldContinue Reading
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
