Banking
NDIC begins payouts, vows full recovery of failed banks’ loans
By Ginika Okoye The Nigeria Deposit Insurance Corporation (NDIC) has begun the process of liquidating Aso Savings and Loans Plc and Union Homes…
Banking
Banking
Wema Bank completes N50bn capital raise, exceeds regulatory requirement
By Taiye Olayemi Wema Bank Plc has completed the second tranche of its N50 billion capital raise through a fully subscribed private…
Banking
Zenith Bank celebrates successful public offer, surpasses CBN recapitalisation target
By Taiye Olayemi Zenith Bank Plc has concluded its public offer and attained the Central…
Banking
FCCPC backs CBN’s 48-hour banks’ refund guideline to customers
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…
Banking
Customer service excellence hinges on innovation, says Unity Bank MD
By Taiye Olayemi The Managing Director and Chief Executive Officer of Unity Bank Plc, Mr Ebenezer…
Banking
AI won’t replace bankers, but those who shun it – Experts
By Usman Aliyu An engineer, Akohamen Agenmonmen, who is the Chief Executive Officer of the SurfSpot Communications Limited, says Artificial Intelligence (AI) will not…
Banking
TAJBank has surpassed CBN’s minimum capital requirement- CEO
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…
Banking
Customers want banks to adopt safe AI for effective complaints resolution
By Ginika Okoye Some bank customers have called on banks to adopt safe and home grown Artificial Intelligence (AI) platforms in banking to facilitate…
Banking
Strong capital, liquidity buffers, key to global financial shocks –experts
By Ginika Okoye Experts in the financial sector say building strong capital and liquidity buffers will help financial institutions withstand and adapt to global…
Banking
Wema Bank completes N150bn Rights Issue, gets CBN, SEC approval
By Taiye Olayemi Wema Bank Plc has completed its N150 billion Rights Issue, securing approvals from the Central Bank of Nigeria (CBN)…