Banking

UBA unveils upgraded PoS terminal, revamped MONI app to boost digital paymentsUBA unveils upgraded PoS terminal, revamped MONI app to boost digital payments

UBA unveils upgraded PoS terminal, revamped MONI app to boost digital payments

The United Bank for Africa (UBA) Plc has unveiled its Point of Sale (POS) terminal as well as the MONI…

1 week ago
CBN: Nigeria posted $6.83bn balance of payments surplus in 2024CBN: Nigeria posted $6.83bn balance of payments surplus in 2024

CBN: Nigeria posted $6.83bn balance of payments surplus in 2024

The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024…

2 weeks ago
Diamond Bank Founder, Pascal Dozie, dies at 85Diamond Bank Founder, Pascal Dozie, dies at 85

Diamond Bank Founder, Pascal Dozie, dies at 85

The founder of the defunct Diamond Bank, Pascal Gabriel Dozie, has died at the age of 85. Family sources confirmed…

2 weeks ago
AfDB seeks stronger partnership with UBA, lauds bank for facilitating Africa’s devtAfDB seeks stronger partnership with UBA, lauds bank for facilitating Africa’s devt

AfDB seeks stronger partnership with UBA, lauds bank for facilitating Africa’s devt

The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, stated that building bridges between international capitals and African…

2 weeks ago
CBN sells $197.71m to banks to boost forex liquidityCBN sells $197.71m to banks to boost forex liquidity

CBN sells $197.71m to banks to boost forex liquidity

The Central Bank of Nigeria (CBN) has supplied $197.71 million to the foreign exchange market through sales to authourised dealers.…

2 weeks ago
FCMB records N111.9bn profit, revenue hits N794bn in 2024FCMB records N111.9bn profit, revenue hits N794bn in 2024

FCMB records N111.9bn profit, revenue hits N794bn in 2024

First City Monument Bank, FCMB, has recorded a Profit Before Tax (PBT) of N111.9 billion for the financial year ending…

2 weeks ago
Sterling Bank removes transfer fees on online transactionsSterling Bank removes transfer fees on online transactions

Sterling Bank removes transfer fees on online transactions

Sterling Bank has removed transfer fees on all local online transactions, becoming the first major Nigerian bank to do so.…

3 weeks ago
CBN: Net forex reserves hit $23.11bn in 2024CBN: Net forex reserves hit $23.11bn in 2024

CBN: Net forex reserves hit $23.11bn in 2024

The Central Bank of Nigeria (CBN) has announced that its Net Foreign Exchange Reserve (NFER) stood at $23.11 billion as…

3 weeks ago
6 banks post N3trn profit amid complaints, challenging environment6 banks post N3trn profit amid complaints, challenging environment

6 banks post N3trn profit amid complaints, challenging environment

Six Nigerian banks have posted N3.41 trillion as Profit After Tax (PAT) in 2024 against the N2.1 trillion recorded in…

3 weeks ago
Fidelity Bank records N385.2bn profit, investors to get N2.10 dividend Fidelity Bank records N385.2bn profit, investors to get N2.10 dividend 

Fidelity Bank records N385.2bn profit, investors to get N2.10 dividend

Fidelity Bank Plc has reported a pre-tax profit of N385.2 billion for 2024, representing a 210 per cent growth compared…

3 weeks ago