CBN refunds Nigerians N82b for failed bank transactions
Reprieve may have come the way of commercial bank customers, as the Central Bank of Nigeria (CBN) has facilitated their repayment of N82.2 billion for
Category : Banking
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About Banking News Today
The banking industry involves borrowing and lending money. Banks take customer deposits in return for paying customers an annual interest payment.
It is majorly used to keep money safe for customers, offer customers interest on deposits, protect against money losing value against inflation, lend money to firms, customers and homebuyers, and offer financial advice and related financial services, such as insurance
This is the major reason why we keep everyone updated on the recent happenings in the financial industry.
Nigeria Gets $3.35bn in IMF’s Historic $650bn SDR Allocation
The Board of Governors of the International Monetary Fund (IMF) has approved a general allocation of Special Drawing Rights (SDRs) equivalent to $650 billion (about
Nigerians trade N14.76bn bitcoin in one month
Nigerians traded N14.76bn in bitcoin volume in July, according to data analysed from www.usefultulips.org. Useful Tulips aggregates trading volume from LocalBitcoins and Paxful trading platforms.
Zenith Bank GMD canvasses increased impact investing in Africa
Group Managing Director/Chief Executive Officer, Zenith Bank Plc, Mr Ebenezer Onyeagwu, has called for increased impact-investing in Africa to enable the continent achieve its full
Private sector growth in Nigeria slowed in June – Report
The Stanbic IBTC Purchasing Managers Index has shown that the private sector growth in Nigeria moderated as headline PMI went down from 54.4 in May
As economy bleeds, banks’ profitability soars
The global economy, in the past year, buckled under the burden of the coronavirus pandemic. From Europe to America, the numbers have been in the
Electronic payments rise to N126.39tn in six months
Nigeria’s electronic payment transactions surged to N126.39tn in six months via the two digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and
GTB appoints Olusanya as first female managing director
The newly established Guaranty Trust Holding Company Plc has appointed Mrs Miriam Olusanya as the managing director of Guaranty Trust Bank Limited. It also announced
Fidelity Bank unveils 7-point agenda to outlive competition
Fidelity Bank Plc. has unveiled a seven-point agenda aimed at making it Tier-One in Nigeria and outlive competition. The agenda unveiled by the bank’s Chief
Currency in circulation falls by N65.74bn in four months
The currency in circulation fell by N65.74billion to N2.741trillion at the end of June from N2.81trillion in March, the latest figures from the Central Bank
