BUSINESS

A Federal High Court sitting in Ikoyi, Lagos, has ordered First Bank of Nigeria limited to pay messrs Olisa Agbakoba (SAN), a customer of the bank, the sum of N266, 368,454.85 as general damages against the bank for mismanaging the lawyer’s Share Portfolio Investment (margin loan) Account. This is a …

One of the big players in the banking sector in Nigeria, Zenith Bank Plc, is planning to increase its deposit base by 5 percent before the end of the 2018 financial year. Chief Financial Officer (CFO) of the financial institution, Mr Mukhtar Adam, made this disclosure recently while addressing an …

Ecobank Transnational Incorporated has appointed Mrs. Josephine Anan-Ankomah as its new Group Executive in charge of Commercial Banking, replacing Mrs. Laurence Do Rego. As a member of the Group Executive Committee, Mrs. Anan-Ankomah will report to the Group CEO and will be based in the Ecobank Group office in Lomé, …

In other to serve its numerous customers better, pan-African financial institution, United Bank for Africa (UBA) Plc has announced opening for business on Saturdays. In a notice to its customers on Friday, the lender, however, disclosed that banking operations on Saturdays would only be offered in “select branches across the …

Pan-African financial services group, United Bank for Africa Plc, has once again made an addition to its growing list of enviable laurels as it was named Africa’s best bank in the Digital category at the prestigious Euromoney awards in London.  This further lends credence to UBA’s dominance in the digital banking …

Customers of foremost Nigerian financial institution, Zenith Bank Plc will earn cash back for performing transactions with their Naira and Dollar debit MasterCards over the three month period of July-September, 2018. According to sources at the Bank, customers can earn up to ₦5,000 each month while using their Naira debit …

Recently, the United Bank for Africa (UBA) Plc launched an Artificial Intelligence personality called Leo to make its banking operations and interaction with its customers hassle-free The system has been very effective in Nigeria with commendations coming from different stakeholders in the banking sector. In other to make other African …

As part of its mid-term strategic objectives to grow revenue and businesses towards the attainment of a tier 1 status, Fidelity Bank Plc recently commissioned its Sabon Gari, France branch, Kano.      In attendance at the event were the Honorable Commissioner for Commerce, Trade & Industries, Kano State, Alhaji Ahmed …

The Nigerian Stock Exchange has fined seven financial institutions for not filing their financial results before the regulatory due date. The affected banks are: First Bank, Wema Bank, Sterling Bank, Sovereign Trust Insurance, First City Monument Bank, Abbey Mortgage Bank, etc. According to the listing rules provided by the stock …