Banking news today
Abiru: How We Are Stabilising Polaris Bank
The Group Managing Director (GMD) of Polaris Bank, Mr. Adetokunbo Abiru, yesterday stated the efforts of the new management team to stabilise the defunct Skye Bank and reassured all stakeholders of the bank that it would have no problem meeting its…
Fintechs, Banks Await Regulation on Open Banking
Operators of financial technology (fintech) companies and banks have urged the Central Bank of Nigeria (CBN) be more innovative in designing the framework for open banking in the country. Speaking recently at the KPMG Cyber Security Roundtable in Lagos,…
Other banking news today
Naira Weakens As CBN, NAFEX Pump $2bn Into Forex Market
The value of the naira last week weakened slightly against the dollar as the Central Bank of Nigeria (CBN) and the Nigeria Autonomous Foreign Exchange Market (NAFEX) saw an inflow of $2billion. The CBN had intervened with $210 million during the five-day…
Analyst lauds CBN on review of MTN, banks’ sanctions
A financial analysts and Managing Director/CEO, Highcap Securities Limited, Mr. David Adonri, has commended the Central Bank of Nigeria (CBN) for its intention to review information provided by the telecoms firm and four banks over a dispute on the…
Sterling Bank Proposes N10m Loan To IITA Agripreneur Trainee
Sterling Bank Plc, is proposing a loan scheme, with a five per cent interest rate, with capacity to provide up to 10 million naira (about $27,777) to a potential beneficiary of the International Institute of Tropical Agriculture, (IITA) trained agripreneur. The scheme…
NSE: GT Bank, Access Bank, others push equity volume up N13bn
Trading in the Top Three Equities namely – Guaranty Trust Bank, Access Bank Plc and Zenith Bank Plc (measured by volume) accounted for 600.731 million shares worth N13.027 billion in 2,656 deals, contributing 43.84 and 66.80 per cent to the total equity…
Shareholders Worry Over Investments In Nationalised Banks
With revocation of the Skye Bank Plc operating licence by the Central Bank of Nigeria (CBN), the shareholders of the bank are worried over their investments. CBN had announced the establishment of a bridge bank, Polaris Bank, to take over activities of…
Consumer protection: CBN tightens noose on banks
As the Central Bank of Nigeria (CBN) recently demonstrated its commitment to sanction banks whose money transfer transactions exceed four minutes, stakeholders last week gave some insights on how financial services providers can avoid sanctions that can eat…
Access Bank CEO seeks economic empowerment for women
ECONOMIC empowerment for women is needed to promote economic growth and lift performance of companies including banks, Group Managing Director/CEO Access Bank Plc, Herbert Wigwe has said. Speaking during the Nigerian Sustainable Banking…
Akinwuntan: My Mandate is to Deliver the Ecobank Brand Promise
The new Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan has reaffirmed that his mandate in Nigeria is to grow the Ecobank brand by delivering it as a brand of .choice. According to him, Ecobank service would be available and within the reach of every…
Access Bank Lagos City Marathon: 20,000 runners register in one week
The 2019 edition of the Access Bank Lagos City Marathon is likely to break the previous records of participants in the IAAF Bronze Label race. Just a week after registration opened, about 20,000 potential runners have collected forms at the Teslim Balogun…
Heritage Bank wins Agric, SME awards
Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider, has been adjudged “Best SME Bank Nigeria 2018” by Capital Finance International (CFI.co) and “Agriculture Bank of the Year 2018” by the Nigeria Agriculture Awards (MAA). Also, the bank was…
Stanbic IBTC clinches four awards at Emeafinance African Banking Awards
Stanbic IBTC has won four awards in different categories in the 2018 Emeafinance African Banking Awards. The diadems:‘Best Foreign Investment Bank,’‘Best Debt House’, ‘Best Equity House’ and ‘Best LoanHouse,’ were won through Stanbic IBTC Capital Limited,…
UBA Emerges Most Innovative Digital Bank
United Bank of Africa (UBA)Plc has once again reaffirmed its position as a leading global brand with its recent recognition as the ‘Most innovative Digital Bank’ of the year, in the digital category of the prestigious International Finance awards organised by…
How to get a free Retail Space at the GTBank Fashion Weekend
Do you make or sell fabulous fashion apparels and accessories? Can your fashion brand stand out at the biggest fashion event in Africa? Then, the 2018 GTBank Weekend is calling for you! Now in its third year, the GTBank Fashion Weekend has become the…
Polaris Bank: Customers advise management on improved service delivery
Some customers of Polaris Bank, formerly Skye Bank, in Sango-Ota, Ogun, have advised the management of the bank to improve on its service delivery to restore depositors’ confidence. They gave the advice in separate interviews with the News Agency of Nigeria
