African Banker magazine has announced the shortlist of nominees for this year’s edition of the African Banker Awards. The African Banker Awards are a landmark annual event for African banking and a part of the official programme of the African Development Bank (AfDB) Annual Meetings. The theme of the overall AfDB Annual Meetings this year […]
Nigeria’s Kudi Metamorphosis into Nomba By Modupe Gbadeyanka An African financial technology (fintech) company based in Nigeria, Kudi, has transformed into Nomba, an omnichannel payment platform providing tools to enable businesses to grow. According to a statement issued by the firm, with Nomba, underserved and full-fledged businesses can self-onboard in five minutes and order a […]
Working in the banking industry is a dream for many Nigerian graduates because they believe there is a lot of money to be made And indeed there is, as 10 commercial banks paid workers salaries and wages of over N400 billion in 2021 The amount captured in this report only covers salaries and wages and […]
Tijani Babatunde Folawiyo Akin Kuponiyi A Federal high court sitting in Lagos on Thursday granted an order for AMCON to take over the assets of a Lagos businessman Tijani Babatunde Folawiyo. The asset seizure was ordered based on Falawiyo’s unpaid debt of N727.9 million. The order of the court was sequel to an application filed […]
A person holds cash in different currencies. <i>Customers will not be able to spend above $20 or $50 a month on their naira cards.</sub> More Nigerian banks have reduced their monthly international spending limit on naira cards. The banks informed their customers they were reducing the limit from $100 to either $20 or $50 a […]
As the world celebrates international women’s day today, women around the world are seen striking an X pose to represent this year’s international women’s day theme. The 2022 international women’s day themed, “break the bias” marks this year’s special event which is usually celebrated every 8th of March by people around the world. According to […]
Trading in the fixed income and currency (FIC) market has slumped back to declining trend after the December 2021 uptick. The January 2022 report just released by the FMDQ Exchange, Nigeria’s financial markets trading platform, has put transaction volume at N14.13 trillion, 31.21 percent down from N20.54 trillion recorded in December, 2021. This is even […]
Guaranty Trust Bank (GTB) Guaranty Trust Holding Company PLC will pay shareholders a total dividend of N88.293 billion, translating to N3.0 for every share. of 50kobo, the firm said in a document published on the Nigerian Exchange Limited website and seen by PREMIUM TIMES on Friday. GTCO paid 30 kobo interim dividend for the first […]
Trading in the fixed income and currency (FIC) market has slumped back to declining trend after the December 2021 uptick. The January 2022 report just released by the FMDQ Exchange, Nigeria’s financial markets trading platform, has put transaction volume at N14.13 trillion, 31.21 percent down from N20.54 trillion recorded in December, 2021. This is even […]
For the first time in 2022, the Central Bank of Nigeria (CBN) has wielded the big stick and debited Zenith Bank Plc, Providus Bank, First City Monument Bank (FCMB) Limited and 11 other banks N356.1billion for failing to meet its 27.5 per cent Cash Reserve Requirement (CRR) obligation. The fresh debit, it was reliably gathered […]
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