BANKING

  ...leads the way for African Banking Nigeria’s leading commercial bank and Africa’s most agile company, Sterling Bank Limited, has made history by migrating to what is believed to be the continent’s first ever indigenous core banking solution called SeaBaaS. The implementation of SeaBaaS, developed by Peerless, marks the completion...

The Nigeria Deposit Insurance Corporation (NDIC) on Tuesday said it has initiated the process of debt recovery and realisation of investments and physical assets of the defunct Heritage Bank to ensure timely reimbursement of uninsured deposits, after paying 86 percent of insured deposits. Its Managing Director/CEO, Bello Hassan, disclosed this...

In line with its commitment to supporting youth empowerment and technological innovation, and creating opportunities for Nigerian youths to thrive in the digital economy, Unity Bank Plc recently held a high-impact webinar to explore the role of digital technology in sustainable development. The event drew participants from across Nigeria featuring...

Union Bank, one of Nigeria’s most noteworthy and trusted financial institutions, has received another significant recognition with its recent attainment of the Payment Card Industry Data Security Standard (PCIDSS) version 4.0 certification. This notable achievement, which is an upgrade from the previously awarded Payment Card Industry Data Security Standard (PCIDSS)...

Following the revocation of Heritage Bank’s banking license by the Central Bank of Nigeria (CBN) on June 3, 2024, the Nigeria Deposit Insurance Corporation (NDIC) was appointed as liquidator and the Corporation, in accordance with Section 12(2) of BOFIA 2020 and Section 55 subsections 1 & 2 of the NDIC...

  Travelers at Murtala Muhammed Airport Terminal 2 (MMA2) can now enjoy a new level of comfort and convenience with the launch of Altclub by The Alternative Bank. The innovative premium space offers a luxurious retreat where passengers can relax and recharge before their flights, while also catering to their...

  Small and Medium Enterprises (SMEs) in the country have been advised to embrace Artificial Intelligence (AI) technology to grow their businesses. Founder AI Nigeria, Ehia Erhabor, made this submission in his presentation titled “ Using AI for business innovation” delivered at the Ecobank MySME Growth Series webinar. He emphasied...

  Unity Bank Plc has engaged students from all the geopolitical zones of the federation as it facilitated financial literacy training in 15 schools as part of activities to mark the 2024 Global Money Week. The Financial Literacy Training was held as a strategy for driving financial inclusion of the...

The Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) has assured the banking public that banks in the country have the wherewithal to meet the Central Bank of Nigeria (CBN) recent directives on recapilitalisation of the sector. The Association in a statement signed and released by its president,...

  …as CEO, Kayode Lawal highlights the indispensable contributions of women to societal progress, economic development Polaris Bank's International Women’s Day (IWD) webinar themed: 'Empowering Voices: Women Leading Change,' offered a dynamic platform for insightful conversations. The 2024 International Women’s Day (IWD) theme "Inspire Inclusion," recognizes that despite progress made,...