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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 depend on foreign payments. In separate messages to their clients,
July 5, 2025
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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 consolidated and separate income statements for the year ending December
April 15, 2025
UBA Plc
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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 also fall upon them. Currently, wise financial and saving decisions
September 20, 2024
Why Are Banks Against Windfall Tax?

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 the proposed 70 per cent windfall tax being imposed on
August 5, 2024
20 Nigerian Banks And Their Sort Codes
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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. What are Sort Codes? A bank sort code is a
July 6, 2024
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