BANKING

Access Bank launches $500m Senior Unsecured Eurobond - Nigeria’s largest bank by assets base, Access Bank Plc, has announced successful launch of a $500 million 144A/RegS Senior Unsecured Eurobond – 5-year...

Expectations, doubts greet CBN’s e-naira as October 1 launch date draws near - After four years of researching and seeking perfection for its digital currency, the Central Bank of Nigeria (CBN)...

Crumbling Naira value raises fear of hyper-inflation - There are growing concerns that unless drastic measures are urgently taken, the current unprecedented downward spiral of the Naira may lead to a...

Tier 1 Nigerian banks post strong earnings - It’s yet another strong showing by three of Nigeria’s leading banks, United Bank for Africa (UBA), Guaranty Trust Holding Company Plc and Fidelity...

CBN warns banks against FX malpractice, threaten sanctions - Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has warned that banks involved in any form of foreign exchange (FX) malpractice...

Nigeria’s central bank denies converting customers’ domiciliary accounts to naira - The Central Bank of Nigeria (CBN) has said it did not direct banks to convert all customers’ domiciliary accounts into...

Union Bank CEO, increases stake in bank by N20.6 million - The Chief Executive Officer of Union Bank of Nigeria, Mr. Emeka Okonkwo, has increased his stake in the bank by...

GTBank Releases Half Year Audited Results, Reports profit before tax of ₦93.1billion - Guaranty Trust Bank Plc (“GTBank” or “the Group”), now Guaranty Trust Holding Company Plc, has released its...

Electronic Payment Volumes Drop 1.1% in August - Electronic payment volumes in Nigeria witnessed a 1.1 per cent decline in the month of August to 397.9 million from 402.3 million in...

Stanbic IBTC Enhances Savings Culture with Reward Scheme - Nigeria’s leading end-to-end financial services provider, Stanbic IBTC Bank Plc, has introduced a savings campaign aimed to reward its customers for opening...