GTBank

Some commercial banks across the country have started paying out the old N500 and N1,000 notes to their customers. This was in compliance with the March 3, 2023 Supreme Court judgment, which extended the validity of the Central Bank of…

Five top banks in Nigeria paid a total of N1.4 billion as penalties to financial regulatory bodies such as the Central Bank of Nigeria, Security Exchange Council and Financial Reporting Council of Nigeria, in the first half of the year.…

Guaranty Trust Bank (GTBank) has announced the appointment of Miriam Olusanya as Managing Director. This was disclosed in a notice signed by the company’s Secretary, Erhi Obebeduo, to the Nigerian Exchange Group Limited (NGX). Olusanya,…

Panic has gripped deposit money banks in the country as Central Bank of Nigeria has wielded the big stick on recalcitrant lenders that failed to adhere to its credit policy. Business activities in many of the deposit money banks are now…

Pascal Oparada The fintech industry in Nigeria is coming of age. A digital-only bank has gone into operations in Nigeria. Kuda is Nigeria’s fully licensed digital bank, which began operations in 2018 in Lagos, Nigeria and London, the…

Emeka Okoroanyanwu and Babajide Okeowo As the year 2019 opens on a cautious note, customers of Deposit Money Bank (DMBs) in the country are groaning under the avalanche of charges estimated at about N1.5 trillion annually being deducted…