For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker Magazine. This ranking places Zenith Bank Plc as the 565th Bank globally with […]
BANKING
Leading fintech platform PalmPay with an emphasis on Africa has been listed among the distinguished list of the “Top 250 Fintech Companies in the World” for 2024 by Statista and CNBC. This acknowledgment highlights PalmPay’s noteworthy advancements in financial inclusion as well as its quick expansion. The CNBC/Statista list recognises […]
Zenith Bank Plc, Nigeria’s premier financial institution, recently held its Capital Markets Day to highlight the bank’s core values and its ongoing recapitalization efforts. The event, attended by key market participants, focused on Zenith Bank’s growth trajectory, strategic goals, market performance, and its consistent track record of strong dividend payouts. […]
Leading fintech business PalmPay is still offering its users unlimited free transfers to all banks as part of its ongoing effort to promote financial inclusion throughout Nigeria. Users can now transfer money to any bank in the nation without paying any fees thanks to this feature, which was added earlier […]
The Nigeria incentive-based Risk Sharing System for Agricultural Lending [NIRSAL Plc.] a $500 million non-financial and non-profit institution, was created by the central Bank of Nigeria [CBN] and mandated to manage agribusiness related credit risks in Nigeria. The most recent controversy rocking the organisation […]
FBNQuest Trustees, a subsidiary of FBNHoldings, and a leading provider of trust solutions to individuals, corporate entities, and government institutions, recently held its first Estate Planning Clinic in Ibadan, Oyo State. The event aimed to provide participants with a thorough understanding of the essential steps and actions required to preserve […]
PalmPay is happy to report that onboarding has resumed for both users and merchants on its mobile app, after the Central Bank of Nigeria’s prohibition on onboarding new clients. This significant achievement reflects PalmPay’s continuous dedication to transforming the Nigerian financial services industry by offering seamless, safe, and effective financial […]
FBN Holdings Plc has reported a great profit before tax (PBT) of N238.53 billion for the first quarter ended March 31, 2024, representing an impressive 325.2% increase from the N56.1 billion recorded in the same period of 2023. This surge reflects the company’s strong performance and resilience amid both domestic […]
First Bank, a Nigerian bank with a market valuation of ₦829 billion, has filed a lawsuit to reclaim substantial sums of money allegedly stolen by an employee at its head office team in Iganmu, Lagos. The suspect, who is currently at large, is accused of transferring the funds to 98 […]
The Central Bank of Nigeria (CBN) has announced the imminent resumption of new customer enrollment for mobile money operators, including prominent fintech firms such as OPay, Palmpay, Kuda Bank, and Moniepoint. CBN Governor Olayemi Cardoso disclosed this during the 295th Monetary Policy Committee (MPC) meeting held in Abuja on Tuesday. […]