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BusinessNews

Fidelity Bank joins race for acquisition of other banks, targets 5 banks

Nigerian lender, Fidelity Bank, plans to acquire five commercial banks across Africa.   This follows the bank’s recent acquisition of London unit of...

BusinessNews

Banks open banking halls for cash withdrawals on weekends to ease naira crunch (in photos)

…most banks were crowded with customers looking to get their share of naira notes By Chioma Obinagwam Most Deposit Money Banks (DMBs) in...

BusinessNews

Customers fight dirty over new naira notes inside banking hall (Videos)

By Chioma Obinagwam Two customers were caught up in a fight inside the banking hall of Fidelity Bank while waiting to get the...

BusinessNews

CBN increases cash withdrawal limits

Nigeria’s apex monetary authority, the Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals for individuals to N500,000....

BusinessNews

Naira redesign: EFCC Chairman forecasts 75% rebound of Naira against dollar

Chairman of Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said that the dollar may crash by 75...

BusinessNews

NDIC invites depositors of failed banks to claim their funds

Depositors, creditors and shareholders of 20 liquidated banks have been told to avail themselves of the its verification platforms of the Nigeria Deposit...

BusinessNews

FirstBank reinforces gender inclusion, unveils single-digit loan for female entrepreneurs

By Chioma Obinagwam In line with it’s commitment towards gender inclusion, West Africa’s premier bank, FirstBank has launched a single-digit loan scheme called...

BusinessNews

We will drive customer acquisition, channel optimisation– incoming Union Bank CEO assures

By Chioma Obinagwam Union Bank of Nigeria Plc took to Nigerian Exchange Group (NGX Group) Plc’s platform to honour its outgoing Chief Executive...

BusinessNews

CBN boosts naira with $16.56b in 12 months

Central Bank of Nigeria (CBN), Nigeria’s apex bank, spent nearly $16.56 billion to defend the naira in the last one year, The Nation...

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Again Ikeja Electric customers experience frustration in recharging energy tokens

By Chioma Obinagwam Customers of Ikeja Electric Distribution Company (DisCo) have been thrown into darkness because they cannot buy tokens and some of...

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