By Esther Agbo Unity Bank Plc has reiterated its commitment to enhancing customer satisfaction as part of the celebration of this year’s Customer Service Week. The bank’s Managing Director/CEO, Mrs. Tomi Somefun, emphasised the institution’s dedication to going “Above and…
The Central Bank of Nigeria (CBN) has said that it is anticipating a wave of innovation around artificial intelligence in the banking sector. The Acting Director, Banking Supervision Department, Dr Adetona Adedeji made this known at the 30th Nigerian Economic…
By Esther Agbo As the Nigerian banking sector navigates the twin challenges of recapitalization and economic volatility, notable institutions like Sterling Bank and Stanbic IBTC have recorded year-to-date (YTD) returns of 22.67 percent and 18.16 percent, respectively, reflecting a downward…
First Bank, Nigeria’s premier financial institution and leading provider of financial inclusion services has announced the 63rd edition of the FirstBank Lagos Amateur Open Golf Championship. In a statement signed by the bank’s Spokesperson, Folake Ani-Mumuney, the bank said that…
The number of Point of Sales (PoS) machines deployed by merchants and individuals across Nigeria rose to 3.04 million in July this year. The Nigeria Inter-Bank Settlement System (NIBSS) disclosed this in its latest electronic payment data. This represents a…
The value of Point of Sale transactions in Nigeria totalled N6.23 trillion between January and July 2024, according to data from the Nigeria Inter-Bank Settlement System. This was a 7.4 percent decline compared to the N6.79 trillion recorded in the…
By Matthew Denis The Central Bank of Nigeria (CBN) has reiterated its commitment to safeguarding the deposits of all Nigerians, urging the public not to panic as it implements policies designed to secure funds held in financial institutions nationwide. This…
To mark the customer service week, some commercial banks in Nigeria have reiterated their commitment to their customers’ satisfaction. The banks said this against the backdrop of the commemoration of the 2024 Customer Service Week (CSW). They made the commitment…
The Debt Management Office (DMO) has offered two Federal Government of Nigeria (FGN) bonds for subscription in October at N1,000 per unit. According to a statement issued by DMO, the first offer is a two-year FGN savings bond due on…
By Esther Agbo Stakeholders in Nigeria’s economic landscape have called on the Central Bank of Nigeria (CBN) to adjust its monetary policies to provide greater support to the real sector, especially manufacturers and farmers, who face crippling challenges under the…
