Money

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Money

CBN Approves Providus Bank, Unity Bank Merger

The Central Bank of Nigeria , CBN, on Tuesday approved the framework for the merger between Providus Bank Limited and Unity Bank Plc,...

Money

Afreximbank Commits $1.4B to Ammonia and Urea Fertilizer (AMUFERT) Fertilizer Plant in Angola

Pan-African multilateral financial institution the African Export-Import Bank (Afreximbank) will support the establishment of Ammonia and Urea Fertilizer’s (AMUFERT) fertilizer plant in Soyo,...

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Ecobank Group Declares N311bn PAT in H1 2024 Results

The earnings of Ecobank Transnational Incorporated (ETI), a pan-African banking group, rose to the highest in at least nine years of N311 billion...

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Access Bank Revamps QuickBucks, Disburses N740Bn Digital Loans In 7Yrs

Access Bank has revamped its digital loan platform ’QuickBucks’, to boost lending across Nigerian consumers. The bank said customers can access the bank’s...

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Access Bank Wins Euromoney Awards For Excellence 2024

Access Bank has been honoured at the Euromoney Awards for Excellence 2024, being named Nigeria’s Best Bank and Ghana’s Best Bank for ESG....

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CBN Allocates Another $148m To Authorised Dealers

The Central Bank of Nigeria has sold a cumulative amount of $148m to authorised dealers in the Nigerian Foreign Exchange Market (NFEM), to...

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CBN Raises Interest Rate By 50 Basis Points To 26.75%, Retains CRR At 45%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 296th meeting on July 22nd and 23rd, 2024, to...

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Zenith Bank Retains Top Spot As Nigeria’s Number One Bank By Tier-1 Capital For 15 Years In 2024 Top 1000 World Banks’ Ranking

For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in...