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Read latest banking news in Nigeria and be well informed about latest bank news in Nigeria.

Diamond Bank Plc has received the approval of the Central Bank of Nigeria, following its application, to operate as a national bank with immediate effect. This is, however, subject to conclusion of the sale of Diamond Bank UK- DB UK Plc. According to the Chief Executive Officer of the Bank, Uzoma...
The Economic and Financial Crimes Commission (EFCC) yesterday  handed over 116  cars and 20  landed properties in Edo, Rivers and Lagos states recovered from Michael Obasuyi Osasogie to First Bank Plc. Osasogie confessed to an N11.4billion fraud and sought a plea bargain. A statement by the Acting Head of Media and...
Central African Republic landed a windfall on Tuesday, at least on paper, when Russian state bank VTB reported it had lent the country 12 billion dollars. However, the bank then said it was a clerical error and there was no such loan. The loan was mentioned in a quarterly VTB financial...
A large commercial bank in Nigeria has threatened to shut down an undisclosed number of cryptocurrency-related accounts without explanation. Lagos-based Union Bank claims that any decision to do so would be in line with the Central Bank of Nigeria’s (CBN) past warnings about cryptocurrency trading. Panicky Customers Empty Account Balances In...
In its quest to go beyond banking in serving its customers better and impacting on their lives, Diamond Bank has introduced a premium lifestyle subscription service for its Affluent banking customers called XclusivePlus. Speaking on the XclusivePlus Proposition, Kari Tukur, Head, Consumer Banking, Diamond bank Plc. Said “we have seen...
First Bank Nigeria Limited has attributed its success story to innovations and reinvention of products and services aimed at satisfying customers’ needs and aspirations. Dr Adesola Adeduntan,  the bank’s Managing Director, stated this on the sidelines of the second anniversary of FirstGem, a female focused product in Lagos. “At First Bank...
Jaiz Bank Plc, the first non-interest bank in Nigeria, plans to deepen financial inclusion at 39th Kano International Trade Fair with its bespoke products and services. The bank promised to delight visitors as well as existing customers with value adding products such as agriculture financing, MSMEs financing, home finance in...
Oil marketers worry over assets forfeiture to banks - Oil marketers have started re-negotiating with banks over the terms of the facilities they took from the lenders. This followed moves by lenders to take over the assets they used as collaterals for obtaining the facilities to import fuel, it was learnt...
UBA Carries Out Maintenance of Cards on International Platforms - The management of United Bank for Africa (UBA) has announced carrying out full maintenance of its cards on international platforms. This, according to an emailed notice to its customers on Saturday, is to ensure accounts domiciled in the financial institution were...
— Nigeria’s base interest rate is becoming more and more irrelevant That’s the view of some analysts after the Monetary Policy Committee in Africa’s biggest oil producer held its key rate for the 14th straight meeting on Thursday, despite inflation being above its target range of 6 percent to 9...
Leading African financial institution, Guaranty Trust Bank plc, has announced the launch of Habari, Nigeria’s largest platform for music, shopping, lifestyle content and more. Unveiled on Friday, November 23, 2018 at a special event attended by renowned personalities in the entertainment, media and technology sectors, Habari offers users direct...
Ecobank Supports Orphanages in Lagos, Ibadan Others - Employees and management of Ecobank Nigeria recently displayed their commitment to their local communities by supporting orphanages in Lagos, Ibadan, Enugu and Abuja. This was to mark the Ecobank Day 2018. The bank staff gave out food and household items to the selected orphanages. The...
Ten banks operating in Nigeria paid a combined sum of over N1 billion to their respective highest paid directors in 2017, a PREMIUM TIMES’ analysis of the banks financial statements has shown. The banks whose financials were reviewed by this newspaper include Zenith, Guaranty Trust Bank (GTB), United Bank for...
Banking sector makes $62b profit - The banking sector in the U.S. has reported a combined profit of 62 billion dollars in the third quarter of 2018. The profit is up by 29.3 per cent from the figure in same period in 2017, according to quarterly data from the Federal Deposit...
Sterling Bank unveils digital commodity trading platform - Sterling Bank Plc has launched an end-to-end blockchain-based commodity trading and financing platform in Nigeria. The Chief Executive Officer, Sterling Bank Plc, Abubakar Suleiman, while speaking during the launch, said the platform was developed in partnership with Binkabi and AFEX Commodities Exchange. He said...
Africa’s leading financial institution, Access Bank Plc has restated its commitment to sustainable banking practices that stimulate economic growth and development. The Bank in celebration of 10 years of promoting sustainable banking recently held a week-long event across its several branches within and outside Nigeria aimed at reiterating the Bank’s commitment to...
Sterling Bank named Africa’s most agile company - Sterling Bank Plc has emerged most agile company in Africa. It won the Agility Award for Africa at the 2018 World Agility Forum, an award given to organisations who through exemplary applications of agile processes have become game changers in their respective...
Access Bank restates commitment to filmmaking in Africa - IN demonstration of its commitment to the advancement of the entertainment industry in Nigeria, Access Bank has again partnered the Africa International Film Festival (AFRIFF) to project great African stories to the world. Speaking at the opening ceremony of the 2018 edition...
2018 Nigeria Bankers Games enter semifinals - The stage is set for semifinals of football event at the ongoing 2018 Nigeria Bankers Games at the YabaTech Sports Complex, Yaba on Sunday. In the semifinal pairings, First City Monument Bank (FCMB) will entertain United Bank of Africa (UBA) at 1:30pm, while Fidelity...
Financial Inclusion: Fidelity Bank splashes N15m on 13 customers - Thirteen customers of Fidelity Bank Plc on Friday won the sum of N15 million under the Get Alert in Millions Savings (GAIM) promo season three aimed at promoting financial inclusion. The News Agency of Nigeria (NAN) reports that two customers, Mr...