Banking & Finance

Why Nigerian Banks Are Highly Profitable Despite a Shrinking Economy

Why Nigerian Banks Are Highly Profitable Despite a Shrinking Economy

Nigerian banks have defied economic odds to post extraordinary profits for 2024, with Zenith Bank reporting a profit after tax… Read More

4 months ago

Sterling Bank Scraps Transfer Fees, Calls on Other Banks to Follow Suit

Sterling Bank has eliminated transfer fees on all local online transactions, becoming the first major financial institution in Nigeria to… Read More

4 months ago

₦17.5bn Refunded to Customers as Wema Bank Deepens Digital Transformation

Wema Bank refunded ₦17.5 billion to customers in 2024 following a surge in service complaints, reflecting its intensified push to… Read More

4 months ago

Zenith Bank Lost N5.26 Billion to Fraud in 2024 Amid N1.3 Trillion Profit

Zenith Bank lost N5.26 billion ($3.4 million) to fraud in 2024, even as the Nigerian lender reported a profit after… Read More

4 months ago

CBN Approves Greenwich Merchant Bank’s Request to Operate Holding Company

The Central Bank of Nigeria (CBN) has approved the request of Greenwich Merchant Bank Limited to operate its financial holding… Read More

4 months ago

Unity Bank Plc Appoints Ebenezer Ademola Kolawole as Acting Managing Director and retirement of Mrs. Tomi Somefun

Unity Bank Plc has announced the appointment of Mr. Ebenezer Ademola Kolawole as the Acting Managing Director of the bank,… Read More

5 months ago

World Bank Group (IFC) is Hiring: Investment Analysts – Africa (multiple locations)

The World Bank Group’s IFC is hiring Investment Analysts across Africa to support private sector growth in emerging markets. Based… Read More

5 months ago

UBA Discloses ₦141.65 Million CBN Penalties in Governance Report

United Bank for Africa Plc (UBA) has disclosed that it incurred regulatory penalties totaling ₦141.65 million from the Central Bank… Read More

5 months ago

Alternatives to PayPal for Money Transfer in Africa

Starting April 21, 2025, PayPal is rolling out a series of changes that make it significantly more expensive, and frustrating,… Read More

5 months ago

Otudeko, Others Explore EFCC Settlement Over Alleged N12.3 Billion Fraud Under AGF Supervision

Prominent businessman Oba Otudeko and six other individuals are negotiating a settlement with Nigeria’s anti-graft agency, the Economic and Financial… Read More

5 months ago