Banks

Banks

South Africa’s FirstRand Bank targets Nigeria, Ghana expansion

Plu Team -
FirstRand Ltd. is exploring expansion opportunities in Nigeria and Ghana as the South African...
Banks

CBN shuts Aso Savings, Union Homes as NDIC begins paying customers

Plu Team -
The Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings...
Banks

Banks face probe over “illegal” deductions from Nigerians

Plu Team -
Nigeria’s House of Representatives has opened a probe into commercial banks over accusations that...
Consumer

Finally, Nigerians can get refunds after bank fraud as CBN sets new rules

Eric Ojo -
Nigerians who lose money through their bank accounts to scammers may soon have a...
Banks

Stanbic IBTC appoints Nwokocha as new Group CEO

Olawale Afolabi -
Stanbic IBTC Holdings PLC has appointed Chukwuma Nwokocha as its substantive Group Chief Executive,...
Earnings and Dividend

UBA surprises market with lowest interim dividend in three years after record 2024 payout

Plu Team -
United Bank for Africa has declared an interim dividend of 25 kobo per share...
Banks

Former chairman buys 21% stake in Ecobank from Nedbank

Plu Team -
Ecobank Transnational Incorporated (ETI), the parent company of pan-African lender Ecobank Group, has confirmed...
Banks

First Bank (First HoldCo) gets a new top buyer. Here’s who’s behind the deal

Plu Team -
A dramatic shift in the ownership structure of Nigeria’s oldest bank, First Bank, is...
Banks

GTCO makes history as first Nigerian banking company to hit ₦100

Plu Team -
Shares of Guaranty Trust Holding Company Plc (GTCO) surged past the ₦100 mark on...
Banks

GTCO targets international investors with direct London listing

Plu Team -
Guaranty Trust Holding Co. Plc (GTCO), the parent company of Nigeria’s GTBank, plans to...
Banks

CBN’s Dividend Pause Policy: What banks are saying in plain language

Plu Team -
Last Friday, Nigeria’s central bank dropped a bombshell on the banking sector: no more...
Banks

As CBN dividend ban rattles bank stocks, only two lenders speak out

Olawale Afolabi -
Days after the Central Bank of Nigeria (CBN) stunned financial markets with sweeping restrictions...
Banks

Losses mount for Nigerian bank stocks after new CBN directive

Olawale Afolabi -
Nigerian bank stocks continued to fall on Tuesday as investors reacted to a new...
Banks

Abbey Mortgage Bank is raising ₦100 billion to change to commercial banking

Plu Team -
Abbey Mortgage Bank is planning to raise up to ₦100 billion to support its...
Banks

Nigerian banks fined 50 times more for customer issues, other violations

Plu Team -
Nigerian commercial banks faced a surge in regulatory penalties in 2024, suggesting intensified monitoring...
Banks

Ecobank Nigeria increases SMS charge

Plu Team -
Ecobank has announced it will raise the cost of SMS alerts from ₦5 to...
Banks

Access Bank declares dividend as profit narrows despite bumper revenue

Plu Team -
Access Holdings Plc, the parent company of Access Bank, has posted a significant jump...
Banks

Zenith Bank fined N15.4bn over forex, money laundering violations

Ini Ekott -
Zenith Bank Group, owner of Zenith Bank, was hit with a N15.4 billion fine...
Banks

Zenith Bank Group reports 53% profit growth, declares final dividend

Plu Team -
Zenith Bank Group, the parent company of Zenith Bank, has announced strong financial results...
Banks

CBN orders immediate resignation of bank directors with unpaid loans

Plu Team -
The Central Bank of Nigeria (CBN) has directed bank directors with unpaid loans from...
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