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In a significant intervention to strengthen the beleaguered naira, the Central Bank of Nigeria (CBN) has auctioned $876.26 million to...
Banking and Finance
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The Central Bank of Nigeria (CBN) has approved the merger of Providus Bank and Unity Bank. In a statement signed...
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The Bank Directors Association of Nigeria (BDAN) has formally distanced itself from the individual opinions of certain bank chairmen regarding...
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In June 2024, United Bank for Africa (UBA), a Nigerian multinational pan-African financial services group, achieved the distinction of having...
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FBN Holdings Plc, the parent company of Nigeria’s oldest bank, First Bank, has announced its financial results for the second...
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The Central Bank of Nigeria (CBN) has issued a clarification regarding its policy on dormant accounts, specifying that only those...
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Kenya's banking sector is increasingly adopting artificial intelligence (AI) as a strategic tool to combat internal fraud and theft, reflecting...
3 min read
The Nigerian government is poised to collect over N425bn from seven banks through a one-time windfall tax on their foreign...
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Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has raised concerns about the vulnerability of dormant accounts to...
1 min read
In 2023, eleven major Nigerian banks collectively incurred a total tax burden of N575.168 billion, marking a dramatic 175% increase...
