Wema Bank’s Chief Digital Officer, Olusegun Adeniyi, has advocated for female inclusion in tech, citing how their participation in the field can further bridge digital gender divide. Adeyinka, who spoke during the 2022 edition of SheCan Conference in Lagos, noted that it had become imperative to draft more women into […]
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How Nigerians beat CBN restrictions, trade N78bn Bitcoin in three months
Nigerians traded at least N77.75bn ($185m) worth of Bitcoin in the first three months of the year despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in the country. This is a 5.71 per cent increase from the N73.54bn worth of Bitcoin that was traded in the corresponding period […]
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Titan Trust Bank appoints Amray as new CEO
Mudassir Amray has emerged as the new chief executive officer of Union Bank. He became the CEO after Titan Trust Bank Limited, a subsidiary of TGI Group, completed the acquisition of the majority shareholding of Union Bank. Many have lauded the brain behind Titan Trust Bank Limited, leading one of […]
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Access Bank pledges funding for MSMEs
Nigeria’s tier 1 lender, Access Bank, has pledged to fund entrepreneurs and create market access for small businesses by putting them in the right community. Speaking during a conversation with customers in the micro-, small- and medium- scale category, Deputy Managing Director, Access Bank, Victor Etuokwu, said the bank remained […]
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FCMB to reward 23,000 customers in digital promo
First City Monument Bank has said it plans to reward 23,000 customers in its Season 8 Millionaire Promo. It said in a statement that the promo, which would reward and empower new and existing customers of the bank with prizes, had gone fully digital. “The FCMB Millionaire Promo Season 8, […]
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10 banks lend customers N2.9tn in 12 months
Between December 2020 and December 2021, the combined loan portfolio of 10 Deposit Money Banks in Nigeria rose by N2.9tn, data collated from their audited financial statements show. The banks are Stanbic IBTC, Fidelity Bank Plc, Sterling Bank, Wema Bank, First City Monument Bank, Access Bank Plc, Guaranty Trust Bank […]
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CBN fines three banks N800m over crypto transactions
The Central Bank of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country for violating regulations barring customers from transacting in cryptocurrencies. According to a Bloomberg report released on Wednesday, the three banks are Access Bank Plc, Stanbic IBTC, and the United Bank for Africa […]
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Wema Bank affirms commitment to corporate governance
Wema Bank Plc has reassured its stakeholders that it will continue to operate with best-in-class governance processes. The bank also faulted the premise on which a non-governmental organisation asked the Central Bank of Nigeria to remove its managing director/chief executive officer, describing the call as baseless. A statement from the Head, […]
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Sterling Bank, Lagos, FG partner on free Wi-Fi at airport
Sterling Bank Plc says it has collaborated with the Lagos State Port Health Authority and the Federal Ministry of Aviation to install free Wi-Fi connection and additional air conditioning units for arriving passengers at the arrival terminals D and E of the Murtala Mohammed International Airport. A statement on Friday […]
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Standard Chartered to shut down half its physical branches
Standard Chartered Plc has commenced plans to shut down about half of its branches in Nigeria in a push to pivot its operations strictly into digital banking. The company, which initially had 25 branches across Nigeria, had commenced actions to streamline its physical branches to a total of 13, five […]