Nigerian based digital bank, Carbon Bank, said five million Nigerians Accessed their loan between 2012 to 2022. This was as the bank reiterated commitment to making innovative banking friction-free and accessible to everyone. The digital bank was first operated as…
By Seun Ibiyemi Customers of Kuda Bank have raised concern over reported loss of N6 billion more than 7x the N868 million loss it reported in 2020. The company’s result was first reported by Techcabal a Nigerian-based news website focused…
The Naira on Friday appreciated against the dollar at the Investors and Exporters window, exchanging at N436.25. The figure represents an increase of 0.02 per cent compared with N436.33 to the dollar on Thursday. The open indicative rate closed at…
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has rewarded more customers in its ongoing Reward4Saving Promo Season 2, with 70 Nigerians from different regions winning 100,000 each in its monthly draws, which held recently in Lagos State. The…
The International Monetary Fund (IMF) has called for a stronger operational framework and price stability to combat inflation in Nigeria. The IMF Resident Representative for Nigeria, Mr Ari Aisen, said this in his keynote address at the Financial Markets Dealers…
Access Holdings Plc has declared its unaudited half year results for the period ended June, 30 2022 declaring gross earnings of N591.803 billion in half year (H1) 2022 from N450.3 billion recorded in half year (H1) 2021, representing an increase…
The Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Oliver Alawuba, has said that the bank’s consistent investment in strengthening its digital channels have been paying off as UBA is well-positioned to meet the growing demand of…
Coronation Merchant Bank has forecast a year-on-year increase in Nigeria’s inflation rate to 22.2% ahead of the release of the National Bureau of Statistics’ August inflation report. Ms Chinwe Egwim, the bank’s chief economist, stated this on Wednesday during a…
By Konyinsola Dawodu The Nigeria Customs Service (NCS) has informed the public that it does not determine exchange rate. Public Relations Officer, Deputy Comptroller Timi Bomodi made the clarification in a statement on Wednesday. The spokesman referred to reports which…
The Chartered Institute of Bankers of Nigeria (CIBN) has called on banks’ managements to stop setting unreasonable targets for their staff. The Institute made the call in Abuja on Wednesday while presenting a research report with title ‘The Analysis of…
