BANKING

  Unity Bank customers, Nmeregini Chukwuebuka and Sharif Yusuf Mohd have emerged as winners of 500,000 and 150,000 naira respectively in the ongoing Verve National Consumer Promo. Organized by payment processor, Verve Card Services Limited, the winners emerged in the August draw where other Unity Bank customers also won prizes...

The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC) Mr. Bello Hassan has urged Nigerians to be cautious of illegal fund managers, often referred to as "Wonder Banks" or "Ponzi Schemes." These entities offer high-interest rates and profits that are too good to be true, leading to devastating losses for...

  Polaris Bank, in commemoration of the 2023 Customer Service Week, is celebrating its customers and staff for their patronage and commitment to service excellence over the years. The official 2023 Customer Service Week theme is: 'Team Service'. The global week-long event will be held from October 2 – 6,...

  Union Bank of Nigeria, a leading financial service provider, has released its 2022 Citizenship, Sustainability, and Innovation (CSI) report, outlining the bank’s efforts across three pivotal areas - Citizenship, Sustainability, and Innovation. The 7th edition of the report, titled ‘Driving Inclusive Growth; Impacting Lives, Enabling Success,’ provides an extensive...

The Central Bank of Nigeria (CBN) has unveiled a new online platform for the submission of microfinance bank (MFB) license applications. According to an official press release by the new platform known as CBN Licensing, Approval and Other Requests Portal (CBN LARP) would be replacing the current manual process which...

Polaris Bank held the first draw in her ongoing Polaris 'Save & Win' promo where 50 persons emerged winners. The development is in line with the Bank's commitment to rewarding its loyal customers across the nation. The Bank, said winners emerged through a draw exercise which was witnessed by relevant...

  Data from the Central Bank of Nigeria (CBN) has shown that total banking industry assets grew year-on-year by N30.92 trillion or 47.21 percent to N96.4 trillion between end-June 2022 and end-June 2023. Details of the banking industry’s total assets and gross credit to the economy which have maintained their...

As the summer break winds down, leading financial institution, Fidelity Bank Plc, has emphasised its devotion to help schools prepare adequately for the next session and deliver quality education. Through its bespoke product known as the Fidelity Edu Loan, administrators of registered private primary, secondary and tertiary institutions in Nigeria...

Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe has called on the Nigeria Electronic Fraud Forum, NeFF to come with solutions to the challenges posed by electronic fraud to financial system. According to a report published in Vanguard Newspaper, she made this call in Lagos while speaking at...

Ecobank has reiterated that the introduction of Foreign Currency transfer on Ecobank Mobile and Omnilite app is to promote and facilitate ease of cross-border business and financial transactions, stressing that it would be of immense benefits to individuals and small businesses across Africa. Ecobank Nigeria recently said its customers can...