Hackers Breach Security of Access and Unity Banks
Reports of weak security systems in the Nigerian financial sector which has been making the rounds since the great lockdown…
CBN drops savings account interest rate to 1.25%
The Central Bank has ordered all Deposit Money Banks to review interest rates on savings accounts to a minimum of…
Contractors picket finance ministry over N18bn debt
Local contractors have staged a protest at the Ministry of Finance, Budget and National Planning kicking against the non-payment of…
AMCON’s asset under management tops N136bn
The Asset Management Corporation of Nigeria (AMCON) says its assets under management stood at N136.73bn and about N112.03bn worth of…
CBN lends N2.08tn to banks in four months
Increased liquidity in the banking sector has continued to raise the lending institutions’ capacity to increase credit to the economy,…
CBN Gives Approval for 9PSB to Commence Operations in Nigeria With *990#
The Central Bank of Nigeria has reiterated its commitments towards the deployment of fintech in actualizing financial inclusion goals across…
Ecobank Group Launches Live Banking Sandbox
Pan-African banking group Ecobank Transnational International (ETI) has recorded a major milestone by launching its Open Banking strategy which aims…
BUA posts N101billion half-year result
BUA Cement has announced an impressive 2020 half-year revenue of N101.3 billion and a Profit After Tax (PAT) of N34.82…
FBN Holdings injects N25b into First Bank
FBN Holdings Plc has injected N25 billion into First Bank Nigeria after it sold its life insurance company. This is…
How Bitcoin Became 8th Largest Bank Globally
Having grown in influence and impact, it is evident that Bitcoin could rank as the world’s largest financial institution if…