Weekly Newsletter
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Bank
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...
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...
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...
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....
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...
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...
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...
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...
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...
Don't Miss
‘My life trajectory has been a story of …,’ Inibehe recounts God’s faithfulness on his 36th birthday
By Chioma Obinagwam Renowned Nigerian lawyer and human rights activist, Inibehe Effiong, has expressed his gratitude to God for making him celebrate his...