BANKING

Heritage Bank Plc, Nigeria’s most innovative banking service provider, has achieved the Information Security Management Certification from International Standards Organisation (ISO). According to a press statement from the bank, the certification, also known as the ISO 27001: 2013, is part of the ISO 27000 family of standards which helps organisations...

  Fidelity Bank Plc has rewarded some of its customers across the country with N13 million and consolation prizes in the 5th monthly draw of the ‘Get Alert in Millions’ reloaded promo. The customers, who emerged winners in the draw, were from the six geo-political zones such as South East,...

  International Monetary Fund (IMF) has cautioned against rising risks in the banking sector which has compelled banks to borrow a total of N2.496 trillion from Central Bank of Nigeria (CBN) in the last three months of 2017. This is according to data obtained from the apex bank which also...

As part of its retail banking strategy, Unity Bank recently rolled out its agent banking services in the North Western states of Kano and Jigawa as a vehicle to reach out to the unbanked and deepen financial inclusion. In line with Central Bank of Nigeria’s financial inclusion mandate, Unity Bank...

The management of United Bank for Africa Plc, has said that it had applied to the Financial Services Authority of the United Kingdom for a banking license in its bid to further connect Africa to the world through global financial centres, complementing its existing presence in New York and Paris....

Ecobank Nigeria has again reviewed upwards the daily limit that customers can spend with their naira MasterCards for international transactions. With this review, the spending limits currently applicable for customers, using an Ecobank naira MasterCard, for international spend on Point of Sale (PoS) and online channels was raised from $300...

United Bank for Africa (UBA) Plc has reversed the Thursday’s announcement banning the use of its debit and credit cards in making certain purchases, the bank’s authorities have said the cards could be used on any credible platform and for the purchase of any service the card holder desires. The...

The United Bank for Africa (UBA) has placed a restriction on the use of its debit and prepaid cards for purchasing jewellery, pornography, dating and escort services. The bank also forbids the use of its cards for all sorts of betting — including buying lottery tickets, casino gaming chips, off-track...

The National Bureau of Statistics (NBS) has said that banks operating in Nigeria sacked 8,663 staff in the first six months of this year. This is contained in the latest data of organisation released on Monday titled: “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength”....

Unity Bank Plc has lined up gifts splash as it is set to activate a reward bonanza in a campaign tagged Unity Verve for Value promo. The scheme is packaged to reward old and new card holders by offering sets of incentives to deserving active customers who use their Verve...