banking sector
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Economy
Tony Elumelu to exit UBA chairmanship over CBN tenure rule
United Bank for Africa (UBA) is preparing for a change at the top of its board, with Group Chairman Tony…
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Economy
CBN mops up ₦4.74 trillion via OMO auctions in two days
The Central Bank of Nigeria absorbed approximately ₦4.74 trillion from the financial system through a series of Open Market Operations…
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Economy
Providus Bank and Unity Bank merge to launch ProvidusUnity Bank
The merger between Providus Bank and Unity Bank has been formally concluded, giving rise to a new institution ProvidusUnity Bank…
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Stock-Market
Otedola grows First HoldCo stake to 20.42% via private placement
Billionaire investor Femi Otedola has further consolidated his grip on First HoldCo Plc, the parent company of First Bank of…
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Economy
Bank Customers Protest ATM Fee Hike, Seek CBN Intervention
Some bank customers in the Federal Capital Territory (FCT) have frowned upon the continuous increase in banks’ services in spite…
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Economy
CBN Forbearance: Shareholder Returns Under Threat, Banks Seek Exit Strategies
Shareholders of different banks have appealed to financial institutions to redouble their efforts toward exiting the Central Bank of Nigeria’s…
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Economy
TAJBank Pays 3rd Dividend: A Win for Non-Interest Banking
TAJBank Limited, a fast-growing non-interest bank, has sustained its feat in the nation’s banking history with the payment of 20…
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News
CBN Notes Macroeconomic Progress – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says there have been relative improvements in some of…
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Economy
Wema Bank Share Price Surges to All-Time High
Wema Bank PLC ended the month of April with a remarkable price surge, reaching an all-time high of 15.10 Naira…
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Economy
Banks’ Tax Bonanza: N751 Billion Paid
Six banks paid N751.796 billion as income tax to the Federal and State Governments and agencies for the 2024 financial…
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