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Banking
Ecobank Nigeria canvasses artificial intelligence to check cybercrimes
Ecobank Nigeria has advocated the use of artificial intelligence to predict security threats and proffer solutions. Patrick Akinwuntan, managing director, made this assertion at a webinar…
Despite agent banking growth, Nigeria still behind peers in mobile money
There may be more banking agents in Nigeria today than there have ever been, but the country lags its peers in West Africa in terms of mobile money growth.
Ghana, Ivory Coast, and Senegal…
Accurate data key in assessing impact of CBN’S N5 for dollar scheme
One can possibly say the N5 for dollar scheme introduced a month ago by the Central Bank of Nigeria (CBN) is beginning to yield result, given the recent accretion in foreign exchange…
Sterling Bank reports 16% profit growth in 2020
Despite the adverse effect of the Covid-19 pandemic, Sterling Bank Plc, a full service national commercial bank, has reported a Profit Before Tax (PBT) of N12.4 billion.
The lender…
CBN warns against abuse as MFBs float liquidity placement platform
To address the short-term liquidity challenges in the sub-sector, microfinance banks in Nigeria, in collaboration with Microfinance Development Company Limited (MDCL), on Wednesday floated…
Here’s how banking sector credit was distributed in 3 months
Nigerian banking sector continued to play its intermediary role by giving credit to the real sector of the economy to boost growth.
Growth in credit to the private sector reflected the…
RMB plans equity funding for businesses
Rand Merchant Bank Nigeria is committed to providing equity funding for businesses that allows them to un-lend into some other segments.
The bank is also, working with its clients and…
CeBIH urges Nigerian banks to adopt open banking
In line with the mandate of the Central Bank of Nigeria (CBN) to promote financial system, the Committee of E-banking Industry Heads (CeBIH), has urged Nigerian financial institutions to…
Wema Bank appoints new executive director
The board of directors of Wema Bank Plc. has announced the appointment of Chukwuemeka Obiagwu as an executive director of the bank effective from April 1, 2021.
According to a press…
Unity Bank calls for investment in girl-child education
Unity Bank Plc has called for increased investment in girlchild education in Nigeria to bridge the gender gap and reduce inequality.
Tomi Somefun, managing director of the bank who made…