Category Archives: Banking

Unity Bank Nigeria moves to achieve sustainable devt

Unity Bank says it is committed to promoting sustainable development. The bank said it collaborated with Avant-Garde Innovation & Technology Services to hold a stakeholders’ forum to drive major advocacy initiatives for stronger climate action that would

Six Nigeria banks report N36.28bn unclaimed dividends

Six banks listed on the Nigerian Stock Exchange reported a total of N36.28bn unclaimed dividends in 2018, investigation has shown. The House of Representatives had recently mandated its Committee on Capital Market and Institutions to investigate unclaimed

Nigerian Government secures €500m loan for BoI

The Federal Government of Nigeria has sourced a fresh €500m loan for the Bank of Industry from Credit Suisse AG, London branch, and a syndicate of international lenders. The facility (about N200bn) was approved at Wednesday’s Federal

FBNQuest is Money Market Fund of the Year

FBNQuest Asset Management has emerged winner of the Money Market Fund of the Year category at the recently concluded BusinessDay Banks & Other Financial Institution Awards (BAFI), which held in Lagos. The BAFI award ceremony, seeks to identify

BVN subscribers to hit 100million

The Central Bank of Nigeria (CBN), has pledged to increase the figures of bank customers enrolled on the Bank Verification Number (BVN) system from 38 million to 100million in the next five years. According to the CBN

3,051 Depositors Petition Nigeria Banks over charges, fraud

About 3,051 depositors petitioned their banks and other financial institutions over various complaints such as excess/unauthorised charges, fraudulent activities, guarantees, dispense errors and funds transfers in 2018. While 1,439 complaints were lodged to the Central Bank of

Orange Bank Moves Into Lending Market, Confirms Expansion In Africa

Orange Bank has celebrated two years in business with a presentation on its recent and future projects. Since its French launch in November 2017, the company has developed several new services and has recently introduced personal loans offered to

AfDB signs $250-million risk participation agreement

The African Development Bank (AfDB) has signed an unfunded $250-million Risk Participation Agreement (RPA) facility with ABSA – a pan-Africa financial institution. A statement from the bank said  the  three-year RPA facility was signed on the sidelines

PoS Transactions in Nigeria Reaches N2.528 tn in 10 Months

The value of transactions nationwide through Point of Sales (PoS) channels between January and October 2019, stood at a total of N2.528 trillion. This represented an increase of N707 billion or 39 percent, from the N1.821 trillion

How To Obtain Instant Loan From Aella Credit Without Collateral

Are you searching for a company that gives instant loan without collateral in Nigeria?If yes, then keeping reading this article and let me introduce to you a globally recognized FinTech company called Aella Credit. Aella Credit Instant