On his part, Executive Director of Retail and Digital Business, Wema Bank, Tunde Mabawonku, said the innovation would empower the bank’s clientele to embrace a wider Enza’s innovative Payment Orchestration will enable Wema Bank to provide secure and reliable payment options at a reduced cost. Enza, a new disruptor in […]
BANKING
Interpol has said 208 bank accounts have been blocked, and 103 individuals connected to online financial fraud arrested in West African organised crime. The international criminal police organisation revealed that more than 200 bank accounts linked to the illicit proceeds of online financial crime were blocked during the operation. It […]
A 40 year-old banker, Andrew Nwadiashi and eight internet fraudsters has been convicted and sentenced to prison by Justice M. Itsueli of the Edo State High Court sitting in Benin City. The others are Osawa Marvellous, Etinosa Ogieva, Erharruyi Osaigbovo, Isaac Godstime Eghosa, Obasohan Kelvin, Evans Jessa Mike, Timothy Odion […]
The directors and associates of Union Bank of Nigeria, Stanbic IBTC Holdings, Sterling Bank and Access Holdings were granted N112.77bn loans in 2022, an analysis of the financial statements of the lenders has shown. The banks’ financial year results and accounts for the period ended December 31, 2022, showed that […]
Bankly, a fintech company, has announced the launch of Bankly Microfinance Bank and a group savings feature on its app. Speaking recently in Lagos, the co-founder and Chief Executive Officer of Bankly, Tomilola Majekodunmi, said the microfinance bank was established to deliver straightforward banking solutions to diverse customers. Majekodunmi said, “We […]
The Federal Government has unveiled that it has partnered Wema Bank to establish micro, small and medium enterprise, MSME, digital hubs in seven states. This was disclosed in a statement signed by the Director of Information to Vice President, Olusola Abiola, saying the hub would empower one million youths with […]
By Idris Bakare Zenith Bank Plc has been named the Best Commercial Bank in Nigeria at the World Finance Banking Awards 2023 for a third consecutive year. The bank also emerged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards 2023, retaining the award for […]
eTransact International Plc, one of Africa’s leading providers of mobile banking and payment services, has recorded 157.8 percent in its profit after tax, in one year. This was disclosed during the company’s 19th annual general meeting in Lagos recently. Speaking at the event, the chairman, eTransact International Plc, Wole Abegunde […]
First Bank of Nigeria Limited, Nigeria’s premier banking institution and leading financial inclusion services provider, has won the Financial Institution of the Year Award at the African Export-Import Bank (Afreximbank) Pan African Business and Development Awards. The ceremony marked the 30th anniversary of Afreximbank as it hosted the inaugural Pan-African […]
In December 2015, the share price of First Bank of Nigeria Limited was trading around N4.8 band. About seven years later, precisely last December, the value held tightly to N15, growing by over threefold amid general asset and economic doldrums. The steep rise in the valuation of the financial institution […]