BANKING

The Managing Director and Chief Executive Officer of Wema Bank Plc, Mr. Ademola Adebise, has advised accountants to store data safely and protect them against cybersecurity threats and other criminal breaches. Adebise said this on Tuesday at the 16th Institute of Chartered Accountants of Nigeria (ICAN) Western Accountants Conference themed...

United Bank for Africa (UBA) Plc is set to launch new Internet banking tagged ‘Made for Love’ in time for the Valentine season, which is celebrated all over the world as the season of love. The newly upgraded Internet banking has been fully equipped to provide a new digital experience...

Ecobank Nigeria says its vision to use its agency banking scheme to drive financial inclusion is fast yielding fruits as it now has over 50,000 agent locations across the country. According to the bank apart from helping to drive its financial inclusion strategy in Nigeria, the agents are empowered to...

Fitch Ratings has affirmed Ecobank Nigeria Limited's (ENG) Long-Term Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. Fitch has simultaneously upgraded the bank’s National Short-Term Rating to 'F2(nga)' from 'F3(nga)'. According to Fitch, the IDRs of Ecobank Nigeria are driven by its standalone creditworthiness, as expressed by its...

Managing Director/Regional Executive, Ecobank Nigeria, Patrick Akinwuntan has described the recently launched Pan-African Payment and Settlement System (PAPSS) as a critical enabler for intra Africa trade. Akinwuntan who spoke on Arise TV on the launch of the payment settlement system regulatory framework, emphasized that the new payment method will serve...

KPMG, Nigeria’s Leading audit and professional services company, has ranked Ecobank Nigeria among the top five leading banks in Wholesale (Corporate) Banking in the KPMG Customers’ Experience and Satisfaction Survey. Ecobank moved eight places higher than its 2020 classification, and ranked number five in the 2021 survey of Nigerian banks....

Standard Chartered Plc is closing about half its Nigerian branches in a pivot to digital banking, according to people familiar with the matter, as the finance industry comes under pressure from mobile money providers. The London-listed lender’s local unit has already started to shut some offices in December and will...

Ecobank has reiterated that it remains the partner of choice in Africa for export trade because of its unique positioning, wide network, pan African payment switch, settlement capabilities, award winning digital products and strategic focus. Mr. Kola Adeleke, Executive Director, Corporate Banking, Ecobank Nigeria who made this assertion while speaking...

Ecobank and GTB are currently leading in customers adoption of the eNaira. eNaira is Africa’s first Central Bank Digital Currency (CBDC) introduced by the Central Bank of Nigeria (CBN) in October. A report by TheCable says with more than 2,000 merchant wallets active, about 20 percent are domiciled with Ecobank,...

 Access Bank Plc shareholders have unanimously approved the bank’s proposed reorganisation into a Holding Company (Holdco) to be known as Access Holding Plc.The shareholders gave the approval at the bank’s Court- Ordered Meeting on Thursday in Lagos. Speaking at the meeting, the President, Association for the Advancement of the Rights...