Afreximbank Profit Jumps 30% To $534.7m
The African Export-Import Bank (Afreximbank) posted a 30 per cent rise in net income to $534.7 million in the first half of 2026, supported by stronger lending and improved asset…
Union Bank Secures PCI DSS 4.0.1 Certification
Union Bank of Nigeria has secured certification under the Payment Card Industry Data Security Standard (PCI DSS) 4.0.1, effective from 11 August 2026. The certification confirms that the bank meets…
GTBank Doubles Naira Card Spending Limit to $40,000
Guaranty Trust Bank (GTBank) has doubled the international spending limit on its Naira-denominated debit cards to $40,000 per quarter, up from the previous $20,000 ceiling. The increase allows retail and…
FirstHoldCo Posts 83.5% Profit Growth in H1 2026
FirstHoldCo Plc has reported a strong financial performance for the first half of 2026, with profit before tax (PBT) rising by 83.5 per cent to ₦653.5 billion, compared with ₦356.15…
BANKS, HOSPITALS, AND OTHER BUSINESSES WILL BE CLOSED IN EBONYI DUE TO A WARNING STRIKE.
Banks, the Alex Ekwueme Federal University Ndufu-Alike Ikwo, the Alex Ekwueme Federal Teaching Hospital Abakaliki, and other Federal establishments within the State capital remained closed as of 10am as…
MONIEPOINT INTRODUCES A MOBILE BANKING APPLICATION
Babatunji Wusu – In order to streamline its micro-banking operations, microfinance bank Moniepoint has introduced a personal banking app. Ope Adeyemi, senior vice president of moniepoint’s channels and sales, who…
DSS STOPS THE SALE OF FRESH NAIRA NOTES AND BLAMES COMMERCIAL BANK OFFICIALS
Some members of an organized syndicate selling the new Naira notes in various parts of the nation have been detained by the Department of State Services, or DSS. Although the…
DUE TO “MONEY LAUNDERING SYSTEM FAILURES,” THE UK FINES GTBANK
The British affiliate of Nigeria’s Guaranty Trust Bank was hit with a $9.3 million fine by the United Kingdom’s financial regulator, the Financial Conduct Authority. The FCA claimed in a…
IN THE BANKER AWARDS 2022, ZENITH BANK IS NAMED “BANK OF THE YEAR, NIGERIA.”
According to The Banker’s Bank of the Year Awards 2022, Zenith Bank Plc has been named Nigeria’s Bank of the Year. The Banker Magazine, Financial Times Group, United Kingdom, presented…
INVESTORS LOSE N65 BILLION WHEN THE STOCK MARKET STOPS GAINS.
After six straight days of unbroken positive trend, the bears returned to the Nigerian Exchange Limited (NGX) trading floor yesterday as losses in Betaglas and BUA cement pulled capitalization by…
