Category: Banking
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Why PoS operators have to register with us – CAC
The Corporate Affairs Commission (CAC) has said the importance of registering Point of Sale (PoS) operators in the commission’s database cannot be overemphasised.
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UBA grows net profit by 165% to N142.5bn
United Bank for Africa Plc (UBA), has posted a net profit of N142.5 billion for the first quarter ended March 31, 2024.
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CBN introduces new transfer charge for cybersecurity
The Central Bank of Nigeria (CBN) has directed all financial institutions in the country to begin the implementation of a new transfer charge known as cybersecurity levy.
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Paga transaction value hits N14trn
Tayo Oviosu, founder and Chief Executive Officer of Paga, a mobile payment company, on Thursday in Lagos said the firm had processed over 335 million transactions worth N14 trillion since inception.
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Recapitalisation: We can raise $300m – Access Bank
Mr Aigboje Aig-Imokhuede, Chairman of Access Holdings Plc, says he’s confident that the bank would raise 300 million dollars in capital for Access Bank, considering the bank’s strong market position and shareholders’ support.
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CBN told to ensure smooth recapitalisation process for banks
The Centre for the Promotion of Private Enterprise (CPPE) has advised the Central Bank of Nigeria (CBN) to minimise shocks and disruptions in the banking system and economy during the recapitalisation period.
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CBN raises bank’s capital requirement to N200bn
The Central Bank of Nigeria (CBN), has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to N200 billion.
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Access Bank moves to acquire National Bank of Kenya
Access Holdings Plc says its subsidiary, Access Bank Plc, is in the process of acquiring the entire issued share capital of National Bank of Kenya Ltd. (NBK).
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CBN has cleared all outstanding FX obligations – Director
The Central Bank of Nigeria (CBN) says all valid foreign exchange backlogs have now been settled.
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CBN orders banks to require certain IDs for diaspora remittances
The Central Bank of Nigeria (CBN) has ordered commercial banks in the country to require certain IDs for payment of diaspora remittances.