By Adedapo Adesanya American Express is launching its first business credit card in Nigeria in a partnership with O3 Capital, a Nigerian fintech company, in a...
By Aduragbemi Omiyale The holding company (Holdco) structure being planned by Zenith Bank Plc has been applauded by shareholders, who opined that it would result in...
Corporate lending plays a vital role in the Nigerian economy, facilitating business expansion, infrastructure development, and investment activities. The market encompasses a wide range of financial...
By Modupe Gbadeyanka After outrage from citizens, the Central Bank of Nigeria (CBN) has suspended the reintroduction of processing fees on cash deposits of over N500,000...
By Adedapo Adesanya Islamic financial institution, Lotus Bank, is seeking a $1 billion facility from the Islamic Development Bank (IsDB) to back its bid to provide funds...
By Adedapo Adesanya On Monday, May 6, 2024, the Central Bank of Nigeria (CBN) directed all financial institutions, including commercial banks and others to deduct a...
By Aduragbemi Omiyale Commercial banks operating in Nigeria have begun to notify their customers of the reintroduction of processing fees on cash deposits for individual and...
By Aduragbemi Omiyale From May 20, 2024, Nigerians may have to pay a 0.5 per cent cybersecurity levy on electronic transfers as stipulated in the Cybercrime...
By Aduragbemi Omiyale Three MSECB management system certifications in ISO/IEC 27001:2022, ISO 22301:2019, and ISO/IEC 20000-1:2018 have been secured by Union Bank. The leading international provider...
By Adedapo Adesanya The Nigeria Deposit Insurance Corporation (NDIC) has raised the maximum deposit insurance coverage for depositors of all licenced Deposit Money Banks (DMBs) in...