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

FCMB Group Plc has released its results for the nine months ended September 30, 2018. Here are highlights of the results. Gross Earnings Gross Earnings for the group increased from N118 billion in 2017 to N132 billion in 2018. This marks...
The 2018 edition of the Nigeria Bankers Games came to a climax at the weekend at the YabaTech Sports Complex, Yaba,  as United Bank for Africa (UBA) emerged champions of football event the of Games. Samir Bello capitalised on Fidelity...
Fitch ratings have upgraded United Bank for Africa Plc Long Term Issuer Default Rating (IDR) to ‘B+’, with stable outlook. The global rating agency also upgraded the Viability Rating of the pan-African bank to “b+” from “b”. The rating upgrade came...
- Wins Bank of the Year, Sierra Leone Foremost African financial institution, Guaranty Trust Bank Plc has won the award for "Bank of the Year Nigeria” for the second year in a row at The Banker's Bank of the Year...
Ecobank branch in Omu-Aran, Kwara, closed since May, 2013, following a robbery attack has begun skeletal services, the News Agency of Nigeria reports. A News Agency of Nigeria correspondent reports that, although the bank had yet to throw its gate...
The Managing Director of Ecobank Nigeria,  Patrick Akinwuntan  has announced that the bank has upgraded its core banking application being part of the bank’s commitment to ensuring customers receive the best service possible. “Our upgraded system has superior functionalities which...
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...
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...
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...
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...
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,...
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...
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...
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...
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,...
— 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...
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...
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...
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...
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...
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