19 results
- 24 Jul 2019
Agusto& Co. Assigns a ‘Bb’ Rating to SunTrust Bank Nigeria
Nigeria’s first credit Rating Agency and a pan African leader in credit reports, Agusto & Co. limited whose strong credibility presence and ratings are globally accepted in Nigeria, and across…
- 21 Jan 2020
SunTrust Bank Nigeria To Revamp Its Partnership With ICSFS
SunTrust Bank Nigeria, a privately held commercial bank in Nigeria, has recently conducted an executive incentivised meeting with ICS Financial Systems Limited (ICSFS), the global software and…
- 19 Feb 2020
CBN Releases List of Authorised Banks in Nigeria
Central Bank of Nigeria (CBN) has released the list of deposit money banks and financial holding companies operating in Nigeria, meaning that anybody who transacts banking business outside the list…
- 15 Aug 2016
History as SunTrust- Branchless Bank Opens Shop
SunTrust Bank will formally open for business today as it seeks to reshape the Nigerian banking space and the way consumers interface with their banks. SunTrust Bank will operate the branchless…
- 9 May 2024
CBN Unveils List of Licensed Deposit Money Banks
Central Bank of Nigeria (CBN) has released the list of licenced Deposit Money Banks operating in the country. Providing insights into the banking landscape in Nigeria, the list was made public on the…
- 22 Aug 2016
SunTrust Bank to Capture 113m Internet Users
SunTrust Bank said that it hopes to leverage on its technology services to make its services available to the over 113 million Internet and telephone phone users in the country’s telecommunications…
- 15 Jun 2016
Providus Bank Gets Commercial Banking Licence from CBN
Providus Bank Plc has been granted a commercial banking licence with regional authorisation by the Central Bank of Nigeria (CBN), according to information on the apex bank’s website on Tuesday.…
- 11 Apr 2018
BOA, Suntrust Bank Ink Agreement to Provide Better Deals for Farmers
Chief Audu Ogbeh Minister of Agriculture and Rural Development has described the partnership between SunTrust Ltd and the BOA as a welcome development since most commercial banks are wary to offer…
- 14 Nov 2023
Interswitch System Glitch: Court Orders Freezing of Accounts in 54 Banks
Justice Peter Lifu (JP) of a Federal High Court sitting in Lagos has granted an order freezing some accounts in about 54 financial institutions in the country where alleged funds from Interswitch…
- 5 Jul 2020
Reps to Grill Banks, Others over $30Bn Forex Racketeering
House of Representatives has summoned 24 banks and 14 oil companies over an alleged forex racketeering leading to an annual loss of over $30bn as revenue. The Joint House of Representatives Committee…
- 7 Apr 2021
Mobile Money: MTN Expands Cardless Cash Withdrawal Service to 44 Financial Institutions
Following the recent USSD drama, Y’ello Digital Financial Services (YDFS) has announced the expansion of its MoMo Agent cardless cash withdrawal service to over 40 banks and other financial…
- 20 Oct 2019
CBN Fines 12 Banks N500Bn for Refusing to Lend to Customers
Central Bank of Nigeria (CBN) has fined 12 major banks N499.1billion for breaching its guidelines on lending to the real sector of the economy. According to an approved debit instruction, the…
- 17 Mar 2021
CBN Probes Failed MBA Forex Scheme with N171Bn
Central Bank of Nigeria (CBN) has said that the MBA Forex Trading and Capital Investment company received in its account, a total of N171,128,219,041 made by 125,397 investors. The MBA forex scheme…
- 3 Oct 2019
CBN Slams N500Bn Fine on Six banks for Loan Policy Violation
Central Bank of Nigeria (CBN) has slammed a fine of N500 billion on six Deposit Money Banks (DMBs) listed on the Nigerian Stock Exchange (NSE) as well as six other lenders for failing to meet the 60…
- 3 Sept 2020
NDIC Seeks Strict Implementation of Fiscal, Monetary Policies
Umaru Ibrahim, managing director of the Nigeria Deposit Insurance Corporation (NDIC), has said that effective implementation of fiscal and monetary policy measures are critical towards addressing the…
- 27 May 2024
Access Holdings Seeks for Responsible Use of AI @ Smart Banking Summit
Access Holdings PLC, a leading financial services group, has echoed the need for ethical considerations in using Artificial Intelligence (AI), calling stakeholders in the financial industry to factor…
- 29 Mar 2018
Islamic Bank Gives $50m to Wema Bank, 2 Others
The Jeddah-based Islamic Corporation for the Development of the Private Sector (ICD) has extended a combined $50 million in financing to three Nigerian lenders, aiming to help channel funds to local…
- 18 Feb 2017
Banks, FinTech Partnership Key to Drive Financial Inclusion - Expert
As financial technology (FinTech) gradually seeps into the growth strategies of traditional banks, expert have expressed concern that the two components would need to work together in order to drive…
- 14 Feb 2014
FG Unveils e-Card for NHF
President GoodLuck Jonathan has unveiled National Housing Fund e-Card, saying that Card would eliminate fraud and promote accountability and transparency in the sector. He said that the e-Card was…