The Nigeria Deposit Insurance Corporation (NDIC) has announced that it has successfully paid 82.36% of insured depositors with funds exceeding N5 million in the now-defunct Heritage...
The Lagos High Court has ordered Union Bank Plc to pay N112,050,000 in damages for the wrongful sale of a prime property located at No. 6,...
We are pleased to announce that the Central Bank of Nigeria has approved the framework for the merger between Providus Bank Limited and Unity Bank Plc,...
Nigerian banks have recorded N21 trillion in deposits during the first quarter of 2024, according to the Central Bank of Nigeria (CBN). Over the past 15...
Access Bank has announced a comprehensive revamp of its digital loan platform, QuickBucks. The upgraded platform promises to make it easier for consumers to access a...
Femi Otedola, chairman of FBN Holdings Plc, has called for banks to curb their extravagant spending and adopt a new windfall tax to regain public trust...
Ecobank Group’s profit before tax rose by 5% year-on-year to $324 million. However, excluding the impact of foreign currency translation due to the strength of the...
The Nigerian financial sector is in turmoil as bankers and economic experts raised alarms over the proposed 70 percent foreign exchange (forex) windfall tax on banks...
The Nigerian Senate has approved an amendment to the Finance Act of 2023, increasing the windfall levy on banks’ foreign exchange gains from 50% to 70%....
Jaiz Bank has announced a 20% increase in its chairman’s annual income to N24 million. This decision was unveiled in a recent statement filed with the...