banking
15 Feb
At VFD Microfinance Bank, Valentine's Day isn't just about romantic dinners and heartfelt gestures. It's about spreading love and joy in every way possible. This year, VFD MFB embarked on a heartwarming Valentine's campaign “This Kind Love” that touched the lives of their customers, staff, and community in meaningful ways. As a token of appreciation…
13 Feb
In a recent digital media publication titled “Africa's FinTech Sector: The Youth, Mobile, and the New Money Trail” accompanied by a communication on X (formerly Twitter) by UNIPESA, a financial services company based in Dubai, United Arab Emirates, the transformative role certain financial technology institutions play within the ecosystem, especially in Africa was pinpointed, and…
31 Jan
Fresh off his return to the Forbes Africa Billionaires list after a seven-year hiatus, Otedola, with a net worth estimated at $1.1 billion, takes the reins from Ahmad Abdullahi. His appointment, effective immediately, follows a board meeting held earlier today. This news adds an intriguing layer to the ongoing saga surrounding FBN Holdings. In mid-2023,…
12 Jan
Following the Central Bank of Nigeria's appointment of Hassan Imam as Keystone Bank's new Managing Director and CEO, the retail lender has reassured its stakeholders, including customers and partners across the country of unhindered and smooth running of its operations. In a statement released on Friday, the bank noted that it would continue to operate…
24 Dec
Titan Trust Bank has debunked media reports alleging illegalities in the acquisition of Union Bank of Nigeria Plc. In a statement by the management of the bank made available to the media on Sunday, the lender insisted that the transaction followed due process and met all regulatory requirements, including that of the Securities and Exchange…
3 Dec
In a captivating address delivered at the 7th National Conference of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) held in Abuja on November 22nd, Mr Deremi Atanda, Managing Director of Remita Payment Services Limited (RPSL), outlined a human-centric approach to agency banking as a cornerstone for advancing financial inclusion nationwide. The…
25 Aug 2023
•FITC urged Nigerian banks to strengthen their security protocols Financial institutions, especially commercial banks in the country have lost N5.7 billion to fraud as in the second quarter of this year. According to FITC in its Q2 Fraud and Forgeries Report, a total of 11,679 cases were reported and when compared to 12,553 cases recorded…
17 Aug 2023
In the ever-evolving landscape of the financial industry, banks are facing unprecedented challenges that demand a paradigm shift in their approach. With a wave of innovative new technology companies such as PayPal, Venmo, Chime, Acorns, Betterment, SoFi, Square, Cash App, Stripe, and Plaid that bring the kind of speed and flexibility customers simply can’t do…
Latest
36 mins ago
US far-right conspiracy website Gateway Pundit is filing for bankruptcy, its founder said Wednesday, as it battles a string of lawsuits alleging it promoted misinformation related to the 2020 election.
54 mins ago
Honduras is experiencing a femicide "emergency," a United Nations official warned Wednesday, with at least 66 women murdered so far this year according to activists.
1 hour ago
The widespread use of alcohol and e-cigarettes among adolescents is "alarming", according to a report released on Thursday by the World Health Organization's (WHO) European branch, which recommended measures to limit access.
4 hours ago
Despite the exodus of university teachers and attendant shortage of manpower in public universities nationwide, the non-retention policy of the Federal Government has caused over 5,032 first-class graduates to languish in the job market and far away from the tertiary institutions that erstwhile retained them.
4 hours ago
As the whereabouts of former Kogi State governor, Yahaya Bello, remain unknown a week after he was declared wanted by the Economic and Financial Crimes Commission (EFCC) and placed on a watch-list by the Nigeria Immigration Service (NIS)
4 hours ago
Data sourced from the Central Bank of Nigeria (CBN) suggest the economy may be relapsing to cash hoarding again a year after the chronic currency scarcity even as the proportion of currency in circulation that is held outside the banking system has returned to the pre-naira redesign level.
4 hours ago
As Nigeria joins the rest of the world to mark the 2024 World Malaria Day, the progress in national malaria control is being threatened by the continued rising cost of anti-malaria drugs, which have gone beyond the reach of many Nigerians.
4 hours ago
African Development Bank (AfDB) President, Dr Akinwumi Adesina, said that Africa's immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth.
4 hours ago
Ahead of May Day next week, workers are demanding a country that works for all and not just for some privileged few.