30 results
- 24 Sept 2021
AfDB Approves Policy for Victims of Bank-financed Operations
The Board of Directors of the African Development Bank Group has approved a new policy framework for the Independent Recourse Mechanism. The IRM provides individuals or communities who are adversely…
- 31 Oct 2023
Fidelity Bank wins Export Finance Bank of the Year award at 2023 BusinessDay BAFI Awards
Fidelity Bank Plc’s leadership in the exports space has once again been reaffirmed with the bank’s emergence as the Export Finance Bank of the Year at the BusinessDay and Other Financial…
- 18 Feb 2026
BoI Secures CBN’s Approval for Non-interest Banking Operation
Bank of Industry (BOI) has received approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window. Theodora Amechi, bank’s divisional head, Public Relations, said the…
- 8 Dec 2021
Finance Bill Seeks Mandatory TIN to Operate Bank Accounts in Nigeria
The Finance Bill 2021, which is currently being considered by the senate, has made it mandatory for banks to demand the Tax Identification Numbers (TIN) from their customers. The Senate, on…
- 6 Dec 2016
CFAN Adopts Co-operative Banking Solution from CWG
The National Co-Operative Financing Agency of Nigeria (CFAN) has adduced reasons it decided to adopt the Unified Co-operative Platform (UCP), a core Co-operative Banking solution that is powered by…
- 15 Apr 2025
CBN Grants Final Approval to Ascensia to Operate as Finance Company
Central Bank of Nigeria (CBN) approved the application of Ascensia Finance Company Limited to operate as a finance company in the country. The apex ban however warned Ascensia it could revoke her…
- 2 Mar 2009
Micro Finance Bank Launches 250 Taxis in Enugu
The Umuchinemere Micro Finance Bank, Enugu has said it would commission 250 units of taxis to complement the state government’s effort to establish a sustainable and affordable transport…
- 7 Nov 2019
Globus Bank Begins Operation
Globus Bank Limited, a new bank licensed by the Central Bank of Nigeria (CBN), has announced the launch of its operations in Nigeria. The Bank aims to be the leading digital bank in the country by…
- 9 Aug 2022
World Finance Names ICS Financial Systems as Best Islamic Banking & Finance Software Provider
The latest edition of World Finance magazine is out now and has confirmed ICS Financial Systems (ICSFS) as Best Islamic Banking & Finance Software Provider as part of its 2022 Islamic Finance…
- 5 Mar 2014
CBN Set to Liquidate 83 Micro Finance Banks
Alhaji Umaru Ibrahim, managing director of the Nigeria Deposit Insurance Corporation, said yesterday that the Central Bank of Nigeria has approved the liquidation of 83 licensed micro finance banks.…
- 19 Jan 2023
WEMA Bank Deploys Kachasi Trade Finance Software
Wema Bank, a financial services provider, has gone live on Kachasi Trade Finance Software in order to achieve full automation of the trade finance operations. Union Systems Limited, who made the…
- 20 Apr 2010
Union Bank Finances Merchant Vessel
Union Bank of Nigeria Plc is single-handedly financing the acquisition of a state-of-the-art merchant vessel (MV) C-Racer by Rangk Limited, an indigenous company. Speaking during the commissioning…
- 18 Apr 2018
Double Global Banking & Finance Review Honours Path Solutions
Path Solutions, the global leader in Sharia-based technologies to the Islamic financial services industry, announced yesterday that the company and its Group Chairman & CEO, Mohammed Kateeb, have…
- 1 Feb 2026
Amaanah Finance to Unveils Non-Interest Banking Services Today
Amaanah Finance, a non-interest finance bank, will on Monday officially commence operations, introducing a new ethical approach to investing, financing, and wealth creation in the country. The…
- 12 Oct 2018
Bauchi Worries over Liquidation of Six Micro-Finance Banks
Bauchi State Government has expressed concern over the liquidation of six Micro-finance Banks by the Central Bank of Nigeria (CBN) across the state. The liquidated banks include Garu, Guddiri,…
- 4 Nov 2017
Diamond Bank Sells Off Operations in West Africa
Diamond Bank said yesterday it would sell West African banking operations in Benin, Togo, Cote d’Ivoire and Senegal to focus on the Nigerian retail banking opportunity. The bank said that the company…
- 7 Jul 2025
Ascensia Finance Commences Operations in Abuja
Ascensia Finance Company has officially commenced operations to provide financial intermediation services in Abuja. Licensed by the Central Bank of Nigeria (CBN) in April, the financial institution…
- 8 Jul 2019
Fraudsters Overwhelm Banking Operations, Nigerians Cry Out
Nigerians are worried that the activities of fraudsters in banks across the country may have overwhelmed banking operations despite efforts at curbing them. Gen Yakubu Gowon, former Head of…
- 12 May 2023
Access Bank Begins Operations in France
Access Bank Plc, Nigeria’s leading financial institution, has commenced operations in Paris, France, as part of its global expansion drive. This is coming as Mr Herbert Wigwe, chief executive of…
- 31 May 2010
CBN Decries Lack of Proper Understanding of Concept, Best Practice by MFBs
The Central Bank of Nigeria (CBN) has cited a complete lack of understanding of the ideal and methods for operating micro-finance banks, in the process of reviewing the licenses of some micro-finance…
- 21 Nov 2013
Terrorist Financing: Banks Meet over Plan for Nationwide Shutdown
National Union of Banks, Insurance and Financial Institutions Employees (NUBIFE) said it will meet today to discuss the planned shut down operations nation wide in protest over the continued…
- 25 May 2018
African Development Bank Delivers Strong Operational Results
The African Development Bank is delivering on its goals and making good progress towards achieving its development and operational targets according to the 2018 Annual Development Effectiveness…
- 25 May 2020
Global Finance Names Ecobank Most Innovative Bank in Africa
Global Finance has named Ecobank as the most innovative bank in Africa. The announcement was made at the eighth Global Finance annual awards, the Innovators 2020, honoring entities that regularly…
- 7 Jul 2014
Stanbic IBTC Bank Explores Financing Options for SMEs
Stanbic IBTC Bank said it would explore multiple options to ensure access to financing for the nation’s Small and Medium enterprises (SMEs) and the development of renewable energy. Yinka Sanni, chief…
- 4 Mar 2019
UBA Group Launches Full Banking Operations in the UK
UBA group the global financial city of London has hosted a high level gathering of business and public sector leaders last week as the new UBA franchise, UBA UK was formally birthed in the United…
- 13 Apr 2021
CBN Asks Banks to Get on Its Central Credit Management Platform
Central Bank of Nigeria (CBN) has mandated all development finance institutions (DFIs), microfinance banks (MFBs), primary mortgage banks (PMBs) and finance companies (FCs) operating in the country…
- 15 Oct 2021
Ibom FADAMA Microfinance Bank Set to Commence Operations
All is now set for commencement of operations at the Ibom FADAMA Microfinance Bank located in Uyo, the Akwa Ibom State capital, the Board Chairman, Umo Eno has said. The chairman made this known…
- 17 Feb 2020
Court Jails Wonder Bank Operator 3 Years for Cheating
Economic and Financial Crimes Commission (EFCC), Sokoto Zonal Office, has secured the conviction of one Amina Kabo (a.k.a Fauziyya) convicted on a one-count amended charge bordering on cheating to…
- 1 Nov 2018
MTN, Sterling Bank Others Partner on Device Financing Scheme
Mtn Nigeria mobile telecommunication Operator, in collaboration with Sterling Bank, TD, Samsung and Payjoy have Unveiled device financing scheme aimed at boosting smart phone penetration in the…
- 1 Apr 2026
Fidelity Bank Partners Aircraft Finance Germany to Grow African Aviation Industry
Fidelity Bank Plc, leading financial institution,has announced the signing of a strategic partnership agreement with Aircraft Finance Germany (AFG) to advance the aviation sector in Nigeria and…