Banking Archives — Page 11 of 59

August 6, 2022 No Responses

100 Ecobank Customers Win N50,000 Each

Ecobank Nigeria has announced the names of 100 customers who are the first set of lucky winners in the super Rewards season 3 campaign monthly draw with an N50,000 cash prize each. The Super Rewards Campaign is a customer-focused initiative designed...

August 3, 2022 No Responses

Citibank Appoints Shamsuddeen Usman Chairman

Former Minister of Finance, former Minister of National Planning, and former Deputy Governor of the Central Bank of Nigeria, Dr. Shamsuddeen Usman has been appointed the Chairman of the Board, Citibank Nigeria Limited effective July 20, 2022. Usman had s...

August 2, 2022 No Responses

Ecobank Nigeria Appoints Nnaeto Orazulike As Non-Executive Director

The Board of Directors of Ecobank Nigeria Limited has announced the appointment of Ichie (Dr) Nnaeto Orazulike as a Non-Executive Director. Ichie (Dr) Nnaeto Orazulike is a seasoned business magnate, corporate administrator, and philanthropist...

July 31, 2022 No Responses

ABCON Urges CBN To Float Naira

The Association of Bureaux Des Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to float the Naira to halt its further depreciation. The President of ABCON, Alhaji Aminu Gwadabe, made the appeal on Saturday in...

July 28, 2022 No Responses

CBN Issues National Licence To TAJBank

TAJBank Limited Nigeria’s leading non-interest bank has secured approval for nationwide banking operations from the Central Bank of Nigeria (CBN). The bank’s Managing Director, Mr Hamid Joda, made this known in a statement on Wednesday. Joda said tha...

July 28, 2022 No Responses

Firstmonie Agents Hit One Billion Transaction Volume

Firstmonie has collectively processed transaction volume in excess of one billion, amounting to over N22 trillion, First Bank of Nigeria Ltd, has disclosed Group Head, Marketing and Corporate Communications, Mrs Folake Ani-Mumuney in a statement ex...

July 28, 2022 No Responses

Fidelity Bank Rewards Customers With N10m

Fidelity Bank Plc has rewarded 10 customers with N1million each in the eight monthly draws of its Get Alerts in Millions season five promo (GAIM 5). Dr Ken Opara, the Promo Chairman and Executive Director, Lagos and South-West, said at...

July 26, 2022 No Responses

Ecobank Nigeria Extends Remittance Services To Business Accounts Holders

Ecobank Nigeria has extended its innovative remittance services to its business account holders. According to Ecobank, this implies that Business Account holders can now receive funds sent through Ecobank Rapidtransfer or any of its Remittance franchise ...

July 5, 2022 No Responses

Union Bank Releases 2021 Citizenship, Sustainability, Innovation Report

Union Bank has released the 6th edition of its annual Citizenship, Sustainability and Innovation (CSI) report, which provides an update on the bank’s initiatives across environmental, social and economic areas during 2021. Like previous editions, this year...

June 30, 2022 No Responses

Fitch Upgrades Fidelity Bank’s Issuer Default Rating From ‘B-’ To ‘B’

Fitch Ratings has upgraded Fidelity Bank Plc’s long-term issuer default rating (IDR) from ‘B-’ to ‘B’, reflecting the bank’s increased creditworthiness. The rating agency also upgraded Fidelity’s National Long-Term Rating to ‘A(nga)’ from ‘...

June 28, 2022 No Responses

Fitch Reaffirms Ecobank Nigeria’s Stable Outlook

Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch also affirmed the Bank’s Viability Rating (VR) at ‘b-‘ and National Long-Term Rating at &#8216...

June 14, 2022 No Responses

FirstBank Gets $150m From Afreximbank To Support Businesses

African Export-Import Bank (Afreximbank) has disbursed $150 million to First Bank of Nigeria under it’s Pandemic Trade Impact Mitigation Facility (PATIMFA). Group Head, Marketing and Corporate Communications, FirstBank, Mrs Folake Ani-Mumuney, in a stateme...

June 9, 2022 No Responses

Access Bank Acquires $37m Stake In Kenya’s Sidian Bank

Access Bank Holding Plc has concluded plans to acquire Kenya’s Sidian Bank Ltd., for N15 billion ($37 million). The bank disclosed this in a notice signed by Mr Sunday Ekwochi, Company Secretary of the bank, and made available on the....

June 7, 2022 No Responses

Fidelity Bank Bags SME Award

Fidelity Bank Plc has been recognized as the ‘Best SME Bank in Nigeria’ by the Global Finance Banking & Finance Awards 2022. According to the organizers, Global Banking and Finance review, the bank has presented the award after a comprehensive...