30 results
- 6 Aug 2020
Luno Partners Genesis to Help Customers Earn Interest on their Crypto holdings
Genesis, a leader in digital currency prime brokerage services, today announced a partnership with Luno, the global cryptocurrency platform, to provide customers with simple, accessible ways to earn…
- 22 Apr 2025
How Nigerian Banks Earned N14.26 Trillion in Interest Income in 2024
Nine leading Nigerian banks collectively generated N14.26 trillion in interest income in 2024, reflecting a 119.55% increase from N6.49 trillion in 2023. This surge is attributed to the Central Bank…
- 2 Nov 2025
Zenith Bank Grows Gross Earnings to N3.4trn on Strong Interest Income
Zenith Bank Plc has reported a 16% year-on-year growth in gross earnings to N3.4 trillion for the nine months ended September 30, 2025, up from N2.9 trillion in the same period of 2024. The growth,…
- 9 Jul 2021
CBN Releases Guidelines, Framework for Mobile Money Services
The Central Bank of Nigeria, CBN, today released Regulatory Guidelines and Framework for Mobile Money Services in the country. According to CBN, the introduction of mobile telephony in Nigeria and…
- 12 May 2026
Fidelity Bank Hits N1trn Milestone as Earnings Surge 45%
Fidelity Bank Plc has reported a 45 percent increase in gross earnings for the 2025 financial year, as the lender’s shareholders’ funds crossed the N1 trillion mark following sustained balance sheet…
- 27 Jul 2020
StanChart Launches Deposit Products for Business Banking Clients in Nigeria
Standard Chartered Bank Nigeria has launched new deposit product, through its Business Banking business, that gives small and medium scale businesses the advantage of saving cost and earning…
- 14 Jun 2022
Who is Buying Crypto in Africa
The average African crypto buyer is most likely to be male, spends about $20 USD on the first purchase and holds onto it for about nine months, according to data from Luno, the largest crypto…
- 16 Nov 2020
CBN Blocks Banks, Investors from N622Bn Illegal Earnings
Central Bank of Nigeria (CBN), has effectively obstructed about N622 billion interest earnings that would have accrued to banks and other individual and corporate investors in the money market. Mr.…
- 29 Jul 2026
Africa Prudential Unveils Digital Growth Strategy
Africa Prudential Plc has reaffirmed its commitment to sustainable growth and digital transformation after posting another strong half-year financial performance, driven by robust growth in its core…
- 26 Jan 2026
Why Nigeria’s Banks Still on Shaky Ground with Big Profits, Weak Capital
By Blaise Udunze Despite the fragile 2024 economy grappling with inflation, currency volatility, and weak growth, Nigeria’s banking industry was widely portrayed as successful and strong amid…
- 2 Nov 2009
CBN Issues Deadline to Banks on Unaudited Accounts
The Central Bank of Nigeria (CBN) has ordered all banks to publish their September unaudited account on or before October 30, 2009. A circular issued by Samuel Oni, director of banking supervision…
- 3 Apr 2022
DataPro Assigns FHA Mortgage Bank “BBB” Rating
DataPro, a technology-driven credit rating agency has assigned FHA Mortgage Bank Limited a long-term rating of “BBB” with a stable outlook for the year 2021/2022. A statement by Mr. Kehinde Rasheed,…
- 22 Oct 2019
UBA Grows Net Profit By 32.3%, as Gross Earnings Hit N428.22Bn in Q3
United Bank for Africa Plc, the pan African financial institution with a network that spans 20 African countries, the United Kingdom, the USA and with presence in Paris, has announced impressive…
- 28 Nov 2023
PalmPay Entices Users with iPhone 15, Phantom X2 in Savings Challenge
Fintech company, PalmPay is rewarding its users for their saving habits in a new savings promotion geared towards driving financial literacy. The savings challenge will run from November 28 to…
- 22 Jul 2024
Zenith Bank Emerges as Nigeria's Tier-1 Capital Leader for the 15th Consecutive Year @2024 Top 1000 World Banks’ Ranking
Zenith Bank Plc for fifteenth consecutive year has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker…
- 24 Apr 2018
UBA Group Starts Strong in 2018, Grows Profits to N26.6Bn in Q1
United Bank for Africa Group (UBA, Pan African financial institution, has released its unaudited first quarter results, showing significant growth across major income lines. Following a…
- 14 Sept 2021
UBA’s Half-year Profit Grows By 33 Per Cen to N76.2Bn
United Bank for Africa (UBA) Plc, Africa’s leading financial institution, has announced its audited half year financial results for the half year ended June 30, 2021, showing impressive growth across…
- 18 Jun 2025
PalmPay’s Bold Move For Social Impact in Northern Nigeria
In the busy Fagge Market in Kano, Zahra Bello, a middle-aged entrepreneur who runs a fabric store, speaks about her experience with mobile banking and how this has simplified business transactions…
- 16 Aug 2022
Kuda Appoints New Management Officers, Sets for International Expansion
Kuda, the Money App for Africans is poised to stamp its footprint in the global banking industry with the appointment of Pavel Khristolubov and Elena Lavezzi as its new Chief Operating Officer (COO)…
- 11 Mar 2026
Canal+ Unveils €100m Rescue Plan to Revive MultiChoice after Subscriber Slump
French media group Canal+ has announced a €100 million turnaround plan to revive growth at MultiChoice, Africa’s largest pay-TV operator, after the DStv owner lost hundreds of thousands of…
- 31 Jul 2022
MTN Rakes in N947Bn Revenue as PAT Grows 28% to N181.6Bn
MTN Nigeria has recorded a 28.1 per cent rise in profit after tax (PAT) to N181.6 billion in the first half of the year, with profit before tax (PBT) up by 24.9 per cent to N268.6 billion and…
- 27 Jan 2023
ALAT Launches Campaign to Promote Stronger Savings, Investment Culture in 2023
ALAT by Wema, Nigeria's leading digital bank, has launched a campaign aimed at encouraging Nigerians to imbibe a healthy savings and investment culture. This will help them build a strong financial…
- 24 Mar 2019
UBA Hinges Future Performance on Cost Efficiency, Improved Asset Quality
United Bank for Africa (UBA) Plc, Pan African financial institution, has assured its local and international investors that it’s prudent focus on improved asset quality as well as the continuous…
- 10 Feb 2020
Eyowo Hosts Retail/Business Workshop Series, Plans to Ease Business operations in Nigeria
Eyowo Integrated Payment Limited has launched the Boost Your Business with Eyowo retail/business workshop series in Lagos. Themed “Driving Business growth with data,” the workshop is aimed at…
- 11 Oct 2019
Softcom Unveils Eyowo, the Bank on Your Phone Number
Softcom has announced the launch of its latest innovation, Eyowo; a bank it says will revolutionize how people send, spend, save, receive and borrow money. Eyowo aims to provide simple, modern…
- 11 Oct 2015
CBN Bans Banks from Converting Dormant Account Funds to Income
Central Bank of Nigeria (CBN) has banned banks from converting funds in dormant accounts to income. Consequently, the apex bank directed that banks that in the last five years converted such funds to…
- 7 May 2024
UBA Consolidates Gains as Gross Earnings Rise by 110 Percent, Profit Hits N156Bn
United Bank for Africa Plc (UBA), Africa’s Global Bank , has released its financial results for the first quarter ended March 31st, 2024, showing very strong growth across key performance measures.…
- 31 May 2024
Baobab Launches New App to Promote Financial Inclusion
In a bid to help grow the savings habit of Nigerians and promote financial inclusion, Baobab Microfinance Bank has launched its digital savings offering, the Jollof+ app, which allows customers to…
- 17 Nov 2022
Wema Bank Increases Benefits on its Royal Kiddies Account for Children
Wema Bank, Nigeria's innovative financial institution, has rolled out a new benefit for parents and children on its bespoke children's savings account, Royal Kiddies Account (RKA), in a new campaign…
- 28 Jul 2026
Africa Prudential Posts N1.59bn Profit in H1 2026, Reaffirms Digital Growth Strategy
Africa Prudential Plc has reaffirmed its commitment to digital transformation, revenue diversification and sustainable growth after reporting a strong financial performance for the first half of…