Nigerian Banks

Nigerian Banks Resume Int’l Transactions On Naira Debit Cards

Nigerian banks have resumed international transactions on naira-denominated debit cards after a nearly three-year suspension due to foreign exchange pressures. This marks a significant development in banking operations, especially for clients who

Victor Ezeja

July 5, 2025

Business·Tech News

Telcos Threaten To Stop USSD Services Over ‘Misinformation’ On Billing By Banks

The Association of Licensed Telecom Operators of Nigeria (ALTON), has accused banks of misinforming the public about what was agreed on the Unstructured Supplementary Service Data (USSD) charge. ALTON, an umbrella body

Victor Ezeja

June 4, 2025

Business·Markets

N51bn Windfall Tax Impacts GTCO’s Net Income Growth

Guaranty Trust Holding Company (GTCO) reported N2.14 trillion gross earnings in 2024, an 81.07 per cent increase from the N1.18 trillion generated in 2023. According to an analysis of the financial institution’s

Prime Business Africa

April 15, 2025

Business·Opinion

Economic Downturn: Is UBA Your Trusted Bank For Investments?

As the world endures biting hardship, inflation, and high transportation costs, every institution, including financial institutions, should be reliable. As people steadily see the government as a failure, such dilemma should not

MARCEL MBAMALU

September 20, 2024

Nigerian Banks Lose N42.6bn To Fraud In Q2 2024 As Experts Call For Enhanced Security

Business·News

Nigerian Banks Lose N42.6bn To Fraud In Q2, Experts Call For Enhanced Security

Nigerian Banks Face Massive Fraud Losses in 2024 In a troubling revelation, Nigerian banks lost N42.6bn to fraud and forgeries in the second quarter of 2024, surpassing the total fraud losses of

Emmanuel Ochayi

September 15, 2024

Business·FEATURES

Why Windfall Tax On Nigerian Banks Shouldn’t Take Retrospective Effect

The proposed enforcement of 70 per cent windfall tax on profits generated from foreign exchange (FX) transactions by Nigerian banks has been generating mixed reactions across the country. While some have expressed

Victor Ezeja

August 14, 2024

Opinion

Why Are Banks Against Windfall Tax?

On Wednesday, 31 July, two senior bankers, Tony Elumelu, Chairman of UBA Group and Ladi Balogun, Group Chief Executive of FCMB Holdings, walked into President Tinubu’s office to talk to him about

Etim Etim

August 5, 2024

Access ARM Pensions Holds AGM Friday 30 May

Business·News

Recapitalisation: Access Holdings Begins N351bn Right Rights Issue July 8

Access Holdings Plc will on on Monday, 8 July 2024, begin its N351 billion capital raise through rights issue to shareholders. Prime Business Africa reports that the move is to increase the

Victor Ezeja

July 7, 2024

Business·FEATURES

20 Nigerian Banks And Their Sort Codes

In Nigeria, bank sort codes are essential for seamless and accurate financial transactions. They serve as unique identification numbers assigned to each bank branch, ensuring that transfers and transactions are correctly routed.

Euphemia Ojukwu

July 6, 2024

Recapitalisation: Minimize Disruptions To Banking System, Economy, CPPE Urges CBN

Business

Recapitalisation: Minimise Disruptions To Banking System, Economy, CPPE Urges CBN

CBN has been advised to ensure that the proposed recapitalisation of banks in the country should be done in a manner that would minimise shocks and disruptions to the banking system and

Victor Ezeja

April 2, 2024

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Nigerian Banks Resume Int’l Transactions On Naira Debit Cards

Telcos Threaten To Stop USSD Services Over ‘Misinformation’ On Billing By Banks

N51bn Windfall Tax Impacts GTCO’s Net Income Growth

Economic Downturn: Is UBA Your Trusted Bank For Investments?

Nigerian Banks Lose N42.6bn To Fraud In Q2, Experts Call For Enhanced Security

Why Windfall Tax On Nigerian Banks Shouldn’t Take Retrospective Effect

Why Are Banks Against Windfall Tax?

Recapitalisation: Access Holdings Begins N351bn Right Rights Issue July 8

20 Nigerian Banks And Their Sort Codes

Recapitalisation: Minimise Disruptions To Banking System, Economy, CPPE Urges CBN

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