CBN sets to reduce banks’ FX risk exposure
To tame the raging foreign exchange crisis and ultimately sanitize the money market, the Central Bank of Nigeria (CBN) is beaming its regulatory searchlight on banks, alerting them of growing…
CBN appoints new executives for Union, Keystone and Polarish Bank
Kayode Ogunwale Following the removal of management of Keystone Bank, Union Bank and Polaris Bank, the Central Bank of Nigeria (CBN) has announced the appointment of new executives for…
CBN Sacks Dissolves of Union, Keystone And Polaris Banks
Kayode Ogunwale The Central Bank of Nigeria (CBN) has dissolved the boards and management of Union Bank, Polaris Bank and Keystone Bank. The apex bank in a statement signed by…
Access Bank Zambia Completes Acquisition of Atlas Mara, Creates One of Zambia’s Top Five Banks …Combined Company to Retain Access Bank Zambia Name
Access Bank Zambia Limited (Access Bank) announced today that it has completed its acquisition of African Banking Corporation Zambia Limited, trading as Atlas Mara Zambia (Atlas Mara) after obtaining all…
Unity Bank MD Advocates Policy Actions to Stem Gender-Based Violence in Nigeria
The Managing Director of Unity Bank Plc, Mrs. Tomi Somefun has called for comprehensive policy actions that will dismantle the structures that enable gender-based violence in Nigeria. At the Ebony…
NDIC clarifies misleading news reports on liquiadation of 20 banks
NDIC The Nigeria Deposit Insurance Corporation (NDIC) has addressed the recent news reports which it said is misleading circulating on various social media platforms under the headline “CBN Liquidates 20…
Access Bank, Afreximbank Seal $1.352 Bn Deal To Finance key trade-enabling projects
Leading financial institution, Access Holdings PLC has entered into an agreement with the African Export-Import Bank (Afreximbank) to support and finance key trade-enabling projects in Lagos State to the tune…
Access Bank And Visa Partner To Facilitate B2B Cross-Border Payments
Access Bank has partnered with Visa, the world leader in digital payments, to enhance the efficiency of cross-border business-to-business payments for the bank’s corporate, commercial and SME customers by adopting…
Unity Bank Customers Win Over N.5m In Verve Card Promo
Unity Bank customers, Nmeregini Chukwuebuka and Sharif Yusuf Mohd have emerged as winners of 500,000 and 150,000 naira respectively in the ongoing Verve National Consumer Promo. Organized by payment processor,…
Lotus Bank, DBN back stakeholders, resilient payment infrastructure
Hajara Adeola Lotus Bank Limited and Development Bank of Nigeria (DBN) have reiterated their commitment towards supporting key stakeholders in driving more resilient payment infrastructure in Nigeria. To this end,…