BANKING

Multilateral Development Banks (MDBs) are stepping up their support for refugees and people affected by forced displacement, including hosting communities, across a wide range of sectors and policy instruments. The pledges were made by the African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the...

Access Bank Plc has introduced a special account designed to provide Nigerians age 60 and above with free financial and lifestyle support services. Mr Victor Etuokwu, the Executive Director, Retail Banking, Access Bank Plc disclosed this in a statement on Tuesday in Lagos. Etuokwu said that the Evergreen Account was...

    Fidelity Bank Plc, one of the top six lenders in terms of total assets, loans and advances and customer deposits, has said that it is committed to the long term expansion of the businesses of its customers whilst providing positive experiences at all its touch points to grow...

Access Bank Plc, on Tuesday, announced the resignation of Dr Ernest Ndukwe as an independent Non-Executive Director from its board. This was contained in a statement issued by Mr Sunday Ekwochi, the bank’s Company Secretary and posted on the Nigerian Stock Exchange (NSE) website. “The Board of Directors of Access...

  The Central Bank of Nigeria (CBN) has refunded lenders part of the N500 billion ($1.4 billion) taken as additional cash reserves after banks failed to meet a target to provide more credit. Citigroup Inc. and Zenith Bank Plc were among a dozen lenders fined last month for not reaching...

Access Bank’s expanded digital lending portfolio, which gives Nigerians quick and 24/7 access to funds for emergencies without any collateral, has hit a record N1billion daily in loan value. According to Victor Etuokwu, Executive Director, Retail Banking, Access Bank Plc, “We are at the forefront of digital lending across the...

The Nigeria Deposit Insurance Corporation (NDIC) said it had commenced payment to depositors of 154 Micro Finance Banks (MFBs) that the Central Bank of Nigeria (CBN) revoked their licences in 2018 due to insolvency. The Managing Director of NDIC, Umaru Ibrahim, said this at the Corporation’s day at the ongoing...

Keystone Bank Limited has become one of the founding signatories of the Principles for Responsible Banking, committing to strategically align its business with the Sustainable Development Goals and the Paris Agreement on Climate Change. By signing the Principles for Responsible Banking, Keystone Bank joins a coalition of 130 banks worldwide...

    Determined to boost financial inclusion, Access Bank Plc says it is targeting a customer base of 65 million by 2022, through financial digital products. Mr Chinedu Onuoha, Access Bank Head, Business Development and Planning, gave the figure at the unveiling of ‘Access Money Wallet’, a product introduced to...

  The Managing Director, Ecobank Nigeria,Patrick Akinwuntan has called on bankers in the country to make deliberate efforts to reposition their skill  sets and knowledge-scope in order to meet with the challenges of a fast-changing business environment and marketplace. Akinwuntan, who was the guest speaker at the 2019 graduates induction...