Eleven banks paid N8bn IT levy in 2019 –Reports
Eleven Nigerian banks paid about N8.08bn Information Technology-related levies to the government in 2019, the audited financial reports of the banks have shown. Analyses of
Category : Banking
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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.
9.5m Nigerians use First Bank’s *894# USSD banking service — Official
First Bank of Nigeria Limited said on Thursday that its *894# Unstructured Supplementary Service Data (USSD) quick banking service was being used by no fewer
Access Bank 2019 performance, dividend payment excite shareholders
Access Bank Plc shareholders on Thursday commended the board, management and staff for the impressive performance recorded in 2019 financial year in spite of challenging
Afreximbank Unveils $3m COVID-19 Grant for African Countries
The African Export-Import Bank (Afreximbank) has announced a $3 million grant to complement efforts to combat the COVID-19 pandemic across African countries. Afreximbank President, Prof.
Banks to Resume Cheque Clearance after Lockdown’
Deposit money banks in the country are expected to resume clearing of cheques once the lockdown imposed by President Muhammadu Buhari in two states and
COVID-19 to weaken banking industry’s asset quality — Report
The coronavirus pandemic will impact the finances of state governments, performance of businesses, purchasing power of households and weaken the quality of assets in the
Banks recorded N11.44tn online payments in March
Bank customers carried out a total of N11.44tn worth of financial transactions on the Point of Sales and Instant payment and electronic bills platforms in
Afrinvest Adopts Safety Measures
Afrinvest West Africa Limited said it has introduced all recommended safety measures in the fight against the COVID-19. The investment bank pointed out that the
COVID-19: FirstBank donates N1bn, reiterates commitment to safety of Nigerians
First Bank of Nigeria Limited has announced the donation of N1 billion toward the joint effort by the Nigerian Private Sector Coalition Against COVID-19 (CACOVID).
COVID-19: Banks, ATM points, malls witness long queues in Ibadan
Some banks within Ibadan metropolis, on Monday, witnessed a surge in the number of their customers, as they embarked on skeletal services after closing many
