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Banking
BDCs show support for CBN’s clean note policy, banknote fitness guidelines
Bureau De Change operators have given their support to the Central Bank of Nigeria’s (CBN) Clean Note Policy and Banknote Fitness Guidelines meant to remove dirty, mutilated and unfit naira…
Union Bank’s Atlas Mara exits four African markets, bullish on Nigeria operations
Atlas Mara has announced that it is exiting some of its operations on the continent in exchange for a share of Kenya’s biggest bank.
Atlas Mara in a statement said it will swap operations…
Proceeds from Sukuk magnify Jaiz Bank’s margin in Q1
Nigeria’s pioneer non-interest lender, Jaiz Bank Plc started the year with an impressive footing as proceeds from Sukuk elevated bottom-line margin by some 987 basis points in the first…
When CBN repositions microfinance banks for real sector growth
The vision of the Central Bank Nigeria (CBN) under the leadership of Godwin Emefiele, governor, is to create a people-centred Central Bank, delivering price and financial system stability as…
Nigeria’s tier-1 banks collect N16.9 trn deposits from customers in Q1
Nigeria's big banks received a combined N16.9 trillion from customers through deposits across various account types in the quarter one of 2019, which is 12.5 percent above N15.1 trillion…
Rand Merchant Bank’s digital banking platform to enhance customers’ experience
Rand Merchant Bank Nigeria (RMBN) has unveiled the RMBN Digital, a banking solution aimed at enhancing the transactional banking experience of clients.
The newly launched digital platform…
CBN to unveil clean note policy, banknote fitness guidelines Tuesday
The central bank of Nigeria (CBN) in furtherance of its mandate, to ensure the management of legal tender currency in Nigeria and ensure the recirculation of clean, fit and high quality…
Ecobank Transnational Incorporated appoints Aasim Qureshi as a non-executive director
Ecobank Transnational Incorporated (ETI or the Company), parent company of the Ecobank Group, has appointed Aasim Ahmad Qureshi to its board of directors as a Non-Executive Director and…
MFB’s N482.9bn loan disbursement accounts for 72% of less N2bn loan size
The Central Bank of Nigeria (CBN) on Friday disclosed that an aggregate loans granted by MFBs was N482.896 billion and that loan sizes that are below N 1.4 million accounted for 72 percent…
200 Unit MFBs at risk over CBN capital requirements
About 200 Unit Microfinance Banks (MfBs) may be at risk folling the new Central Bank of Nigeria (CBN) guidelines that put minimum capital base for Tier-2 MfBs at N50 million.
Tokunbo…