BANKING

  Africa’s largest Bank, Access Bank Plc, has announced the launch of a payments platform called AccessAfrica. AccessAfrica is aimed at simplifying payments in Africa. It is a money transfer product which allow Access Bank customers and non customers engage in cross border transfers. AccessAfrica is available in branch and...

  CEO says penalties will compel banks to offer more credit Lender plans to cut bad loans to 5% in three years from 10% CEO Herbert Wigwe discusses the growth of Access Bank’s retail business and central bank efforts to boost lending. Nigeria’s Access Bank has welcomed the central bank’s...

Zenith Bank Plc has introduced the Zenith Timeless Account, which allows Nigerians aged 55years and above to enjoy free financial services. According to a press statement from the bank, The Zenith Timeless Account is a product offering targeted at senior citizens (aged 55 years and above), pensioners, potential and existing...

  Central Bank of Nigeria (CBN) on Monday said that many Nigerians are unable to access loans from commercial banks because they cannot distinguish between working and fixed capital. The apex bank added that many Nigerians also cannot access its many initiatives as they don’t have bank accounts. Director, Corporate...

Sterling Bank Plc has opened a new branch at the popular Computer Village in Ikeja, Lagos. The computer village is a marketplace designed to offer trusted, speedy and happy shopping experience to technology consumers as well as a servicing hub for both retailers and wholesalers of technology products in Nigeria...

  The Central Bank of Nigeria (CBN) is mulling fresh recapitalization programme for the banking sector. This is coming 14 years after the major reform by ex-governor of the regulatory bank, Charles Soludo. Godwin Emefiele, who unveiled his five-year roadmap for the CBN on Monday said the recapitalisation process to...

Jaiz Bank Plc, the nation's premier non-interest bank, has secured an N3 billion financing facility from the Bank of Industry (BOI) to boost and develop operations of Small and Medium Enterprises (MSMEs) in the country The Managing Director of the bank, Hassan Usman who disclosed this in Abuja on Tuesday...

  The African Export-Import Bank (Afreximbank) on Sunday released its abridged audited financial statements for the year ended 31 December 2018, showing strong financial and operational performance, with total comprehensive income for the year amounting to $285.4 million. The total comprehensive income reflects a solid growth of 24 per cent...

Today we have publicly launched the new Access Bank, one company, with 28,000 staff across 600 branches and 29 million customers worldwide. This follows legal completion of the merger on 19 March and the launch of our new brand today. The enlarged Access Bank will have a formidable commercial and...

Bank customers carried out over one million transactions on Nigeria Interbank Settlement System Instant Pay platform recorded on Sunday, live updates provided by the NIBSS has shown. NIP, which is an online real-time product that facilitates instant digital payment of bills on an account, hit exactly 1,336,441 transactions as of...