Banking News Archives — Page 4 of 4

March 9, 2021 No Responses

First Bank Rewards Customers With Extra N5 For Every Dollar Received

First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider is rewarding customers with N5 for every dollar received through foreign remittances. A statement explained that the N5 for a dollar incentive is paid to FirstBank’s customers regardless of their...

February 19, 2021 No Responses

SEC Nigeria Urges Senior Bankers To Mentor Younger Generation

The Director General of the Securities and Exchange Commission, Malam Lamido Yuguda, has urged senior bankers to mentor the younger generation so as to ensure sustainability, safety and soundness of the banking and finance industry. Lamido...

February 15, 2021 No Responses

Fidelity Bank Issues N41.2b Tier II Local Bonds

Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at 8.5 per cent coupon rate due 2031. In a statement on Sunday, Fidelity Bank Chairman, Mr Mustapha Chike-Obi, explained that the bond issuance...

January 30, 2021 No Responses

Fidelity Bank Restates Support To MSMEs

Fidelity Bank Plc has reaffirmed its commitment to enhancing the productivity and prosperity of Micro Small and Medium Enterprises (MSMEs) in the country by providing capacity building and advisory services, innovative funding options and other forms of releva...

January 7, 2021 No Responses

Access Bank Zambia Completes Acquisition Of Cavmont Bank

The board of Access Bank Plc on Wednesday announced complete acquisition of Cavmont Bank Ltd by its Zambian subsidiary, Access Bank (Zambia) Ltd. Mr Sunday Ekwochi, the bank’s Company Secretary, explained in a statement that the acquisition was com...

December 7, 2020 No Responses

Shareholders Back GTBank’s Planned HoldCo Structure

The shareholders of Guaranty Trust Bank Plc (GTBank) have approved the Holding Company (HoldCo) structure for the bank, as they expressed excitement over the benefits they would gain from the new structure. The shareholders in a statement on Sunday gave t...

December 1, 2020 No Responses

UBA Wins Best Bank Of The Year, International Bank Of The Year Awards

Pan-African financial institution, United Bank for Africa (UBA) Plc, carted two highly coveted laurels at the BusinessDay’s Bank and other Financial Institutions Awards (BAFI) winning the Bank of the Year and the International Bank of the Year at the glamoro...

October 28, 2020 No Responses

Banks’ Customers In Benin Lament Poor Services, Long Queues At ATMs

Bank customers in Benin, Edo State, on Tuesday lamented the poor services being rendered by the financial institutions in the state. Some of the customers, who shared their experiences with the News Agency of Nigeria (NAN) in Benin, expressed regret...