By Kayode Tokede The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged financial institutions to leverage new knowledge and technology tools to enhance the efficiency and effectiveness of Nigerian payment system. Emefiele, who gave the advice at…
By Kayode Tokede On the heels of reporting 9.6 per cent and 5.3 per cent increase in operating expenses and operating income respectively, FBN Holdings leads other Tier-1 banks in Cost-to-income ratio for half year ended June 30, 2021. Cost-income…
By Kayode Tokede In a bid to promote savings culture and reward its loyal customers, Access Bank Plc is set to reward one lucky customer with N10 million in its DiamondXtra December mega draw. The Executive Director, Retail Banking, Access…
By Olaleye Aanuoluwapo, Abuja Nigeria Deposit Insurance Corporation (NDIC) announced yesterday payment of N11.76billion to 535, 815 deposit customers of closed banks. The Managing director of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has on Tuesday disclosed at…
Leading commercial Bank, First City Monument Bank (FCMB), joined the rest of the world to celebrate this year’s customer service week, with a commitment to continuously offer easy to use products and platforms, and to offer the very best customer…
First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider, has announced that the 2021 edition of its annual FINTECH Summit is scheduled to hold on Thursday. The 2021 edition of the summit which is the fifth in its…
The Central Bank of Nigeria (CBN) has released the regulatory guideline on the eNaria. The documents, titled, “regulatory guidelines on the eNaira” said “the guidelines shall apply to all financial institutions and users of the eNaira. “During the onboarding process,…
Analysts at Stanbic IBTC Bank Nigeria said the Purchasing Managers’ Index (PMI) registered at 52.3 in September, little- changed from 52.2 in August, and indicative of a fifteenth consecutive monthly expansion. They expressed that private sector concluded the third quarter…
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), and Microsoft announced a strategic cloud partnership aimed at accelerating the firm’s digital transformation and shaping the future of innovation in the financial services industry. The companies will…
The Central Bank of Nigeria (CBN) has revealed that Nigeria has an estimated $16 billion in domiciliary accounts of commercial and merchant banks. According to data contained in the apex bank’s statistical bulletin, Nigeria had a total domiciliary account balance…
