Tag: Banks

Banks Donate Relief Materials To Flood Victims
December 20, 2024 No Responses

Banks Donate Relief Materials To Flood Victims

Nigerian banks have donated multi-million naira relief materials to victims of recent floods with a commitment to continue to provide supports for socio-economic development of the country. The donations to victims of floods in Jigawa State were made on Thursday...
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SEC Tasks Banks On Recapitalisation, Corporate Governance
December 8, 2024 No Responses

SEC Tasks Banks On Recapitalisation, Corporate Governance

The Securities and Exchange Commission ( SEC) has urged banks to strengthen their corporate governance principles and risk management framework to enhance investors’ confidence in the ongoing recapitalisation exercise.At the just concluded yearly worksho...
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EFCC Warns Banks Against Fraudulent Practices
November 23, 2024 No Responses

EFCC Warns Banks Against Fraudulent Practices

The Economic and Financial Crimes Commission (EFCC) has warned banks against making themselves available as instruments of fraud.The warning was handed down on Friday when the management team of Moniepoint, led by its founder and Group CEO, Tosin Eniolorunda p...
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UBA Declares N525.3b Profit In Q3 2024
October 22, 2024 No Responses

UBA Declares N525.3b Profit In Q3 2024

For the month of third quarter ended September 2024, United Bank for Africa (UBA) Plc, recorded N525.31 billion Profit After Tax (PAT). The unaudited financial report filed with the Nigerian Exchange Ltd.(NGX) on Monday indicates 16.9 per cent increase, from.....
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Leadway Assurance Blames Gtbank For Delayed Annuity Payment
October 19, 2024 No Responses

Leadway Assurance Blames Gtbank For Delayed Annuity Payment

Leadway Assurance has blamed delay in the payment of September 2024 annuity on transaction challenges at Gtbank.Some Gtbank account holders are yet to receive their payments for the Month of September 2024.Leadway Assurance in a notice sent to annuitants expla...
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Greenwich Merchant Bank Partners PSRG-Richardson On Sustainability For Inclusive Growth
September 25, 2024 No Responses

Greenwich Merchant Bank Partners PSRG-Richardson On Sustainability For Inclusive Growth

Greenwich Merchant Bank Ltd and PSRG-Richardson have partnered on the key strata of sustainability – health, safety, security and the environment to drive the nation’s economy towards robust and inclusive growth.This was disclosed in a press release si...
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CBN Allocates $106.5m To 29 FX Dealer Banks
July 20, 2024 No Responses

CBN Allocates $106.5m To 29 FX Dealer Banks

The Central Bank of Nigeria (CBN) has announced the sale of $106.5 million as foreign exchange (FX) to 29 FX dealer banks.  In a statement issued on Friday by Dr Omolara Omotunde Duke, Director, Financial Markets Department, it was disclosed...
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Zenith Bank Explains Annual Report, Emerges Nigeria’s Best Bank at Global Finance Awards
January 10, 2024 No Responses

Zenith Bank Explains Annual Report, Emerges Nigeria’s Best Bank at Global Finance Awards

Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023.According to the audited financial....
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CBN Warns PoS Operators, Banks Against Cash Hoarding
December 22, 2023 No Responses

CBN Warns PoS Operators, Banks Against Cash Hoarding

The Central Bank of Nigeria has issued a warning against Deposit Money banks and Point of Sales (PoS) merchants over alleged hoarding of cash in the country.   A circular signed by CBN’s acting director of Corporate Communications, Hakama...
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Court Blocks Oyo State Govt’s Accounts In Four Banks Over N3.4b Debt
March 27, 2023 No Responses

Court Blocks Oyo State Govt’s Accounts In Four Banks Over N3.4b Debt

A High Court of the Federal Capital Territory (FCT), Abuja has issued an order attaching funds standing to the credit of Oyo State Government and its agencies in four banks. Justice A. O. Ebong issued the order while ruling on...
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ASSBIFI Seeks Safety Of Banks’ Staff, Property 
February 5, 2023 No Responses

ASSBIFI Seeks Safety Of Banks’ Staff, Property 

The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has again called on the security agencies to ensure the safety and security of banks’ staff and property.  ASSBIFI President, Mr Olusoji Oluwole, in a sta...
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NIMASA Task Banks On $350m Cabotage Fund Guidelines 
January 25, 2023 No Responses

NIMASA Task Banks On $350m Cabotage Fund Guidelines 

The Nigerian Maritime Administration and Safety Agency (NIMASA) has issued a 72-hour ultimatum to the Primary Lending Institutions (PLIs), to release modalities for the disbursement of $350 million Cabotage Vessels Finance Fund (CVFF).  The PLIs approved ...
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CBN To Sanction Banks Dispensing Old Notes Through ATMs 
January 20, 2023 No Responses

CBN To Sanction Banks Dispensing Old Notes Through ATMs 

The Central Bank of Nigeria (CBN), on Thursday threatened to sanction banks in Cross River dispensing old naira notes through their Automated Teller Machines, (ATMs).  The warning came from Ms Glory Iniunam, Branch Controller of CBN in Cross River, during...
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CBN To Banks: Collect Redesigned Notes Or Face Sanction 
January 19, 2023 No Responses

CBN To Banks: Collect Redesigned Notes Or Face Sanction 

The Central Bank Governor, Godwin Emefiele, has called on commercial banks to approach the apex bank branches across the country to pick up the new naira notes.  Emefiele made the call when the apex bank took its sensitisation tour on...
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