FBNQuest Asset Management, a subsidiary of FBN Holdings Plc, has achieved an impressive A+ rating from Agusto & Co. Limited, a leading Nigerian credit rating agency. The accolade highlights the company’s robust operational framework, exceptional risk management practices, and strong investment capabilities. In its recent report, Agusto & Co. praised […]
BANKING
A group of shareholders representing 10% of the shares in First Bank of Nigeria Holdings Plc has formally called for an Extraordinary General Meeting (EGM) under Section 215 (1) of the Companies and Allied Matters Act (CAMA). The request, submitted on Wednesday, compels the company to convene the meeting within […]
Building on its deep-rooted presence in sub-Saharan Africa, First Bank of Nigeria Limited (FirstBank) is charting the course for its next phase of growth as financial systems across the continent unlock new opportunities. More than a decade after an acquisition spree that significantly expanded its footprint in the region, FirstBank […]
The Central Bank of Nigeria’s (CBN) directive limiting cash disbursement is causing ripples among Point of Sale (POS) agents in Lagos, many of whom are raising withdrawal fees to cope with the changes. The directive, issued on Tuesday, imposes a daily transaction limit of ₦1.2 million for each POS agent […]
The Central Bank of Nigeria (CBN) has reaffirmed that the old and redesigned N1000, N500, and N200 banknotes will remain in circulation indefinitely and continue to serve as legal tender alongside the newer versions. In a statement issued by Mrs. Sidi Hakama, Acting Director of Corporate Communications, the CBN emphasized […]
PalmPay, Nigeria’s leading fintech platform, was awarded the Most Outstanding Fintech Driving Financial Inclusion at the prestigious BrandCom Awards 2024, held on October 26th. The award, presented by Brand Communicator, celebrates Palmpay’s remarkable contribution to expanding financial inclusion across Nigeria. The recognition from Brand Communicator reflects PalmPay’s commitment to bridging […]
First Bank of Nigeria Limited has announced that its digital banking platform, Firstmobile, is fully operational again. Folake Ani-Mumuney, the Group Head of Marketing & Corporate Communications, emphasized the bank’s dedication to providing seamless and innovative financial services to enhance the digital banking experience for customers worldwide. In her statement, […]
The Central Bank of Nigeria (CBN) has announced the upcoming implementation of an Electronic Foreign Exchange Matching (EFEM) system, aimed at streamlining foreign exchange transactions in the interbank market. In a circular issued by Dr. Omolara Duke, Director of Currency Operations at the CBN, it was confirmed that a two-week […]
Zenith Bank, one of Nigeria’s premier financial institutions, has fully restored and enhanced services across its electronic transaction channels, ensuring customers can once again enjoy uninterrupted access to a wide range of banking services. In an announcement made on Thursday via its X (formerly Twitter) handle, the bank confirmed that […]
Nigeria’s definitive bank for small and medium-sized businesses, as well as their customers and employees, Moniepoint Microfinance Bank has made securing digital payments a top priority, implementing the need for additional Factor of Authentication by customers when making payments. It has introduced a Multi Factor Authentication, MFA on its mobile […]