Thursday, March 12, 2026
First Bank appoints new MD/CEO as Adeduntan Retires
Arakunle Kayode The board of directors of First Bank of Nigeria has approved the appointment of Gbenga Shobo as...
Read moreDetailsWema Bank posts N13.51bn revenue shortfall as loan restructuring bites
Arakunle Kayode Wema Bank recorded a sharp decline in revenue generated for the year 2020 on the back...
Read moreDetailsTotal banking sector NPLS declined to 6% in Q4 2020 reflecting CBN’s efforts for loan book restructuring
Charles Abuede Despite the impact of the coronavirus pandemic which made some Nigerian businesses grapple for funds and support...
Read moreDetailsDeclining interest income cost GTBank N6.7bn decline in gross earnings during Q1 2021
Bank’s E-business segment stands as the best performer despite CBN’s NIP charges guidelines in Q4’20 Posts 7.8%y/y decline in PBT...
Read moreDetailsAccess Bank to buy African Banking Corporation of Botswana for cash
Wale Ameen Online Editor Leading Nigerian lender, Access Bank Plc is set to buy a majority stake in the...
Read moreDetailsVolume of mobile transactions in Nigeria surged 82.6% y/y to 1.7bn in 2020, report shows
Charles Abuede A recent report obtained from the Nigerian interbank settlement system (NIBSS) has revealed that there was an...
Read moreDetailsFidelity Bank Plc records 6.2% decline in profit, posts N26.65bn for FY’ 20 due to pandemic induced stress
Gross earnings fell 5.4% y/y to N206.2bn; Proposes 0:22k in final dividends Charles Abuede Fidelity Bank Plc saw...
Read moreDetailsBanks to begin accepting new cheque books by April 1st
Arakunle Kayode All Deposit Money Banks will from Thursday April 1st begin accepting only new cheque books across the...
Read moreDetailsGTBank in acquisition talks with Kenyan lender in continent-wide expansion drive
Awaits regulatory approval to transition into financial HoldCo by H1 2021 Charles Abuede Nigeria’s biggest lender, Guaranty Trust...
Read moreDetailsInactive PoS machine reaches 140,000 on the back of N50 stamp duties
Zainab Iwayemi In recent times, the Point of Sale (PoS) machines has surged significantly in the digital banking space...
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