Archives for MONEY MARKET
FirstMobile: How to Install, Register for FirstBank’s Mobile App
BY NGOZI ONYEAKUSI Picture this: it is payday, and you need to transfer money to a loved one or pay a utility bill. In the past, that meant rushing to…
Union Bank Honoured by ASBON at Nigeria National SME Business Awards
BY NGOZI ONYEAKUSI Union Bank of Nigeria has reaffirmed its reputation as a strong supporter of Nigerian businesses, receiving the Best SME Growth Banking Initiatives Award for 2025 from the…
Fidelity Bank’s gross earnings rise by 45%, shareholders’ funds surpass N1trn mark
BY NGOZI ONYEAKUSI Fidelity Bank Plc has reported a 45 percent increase in gross earnings for the 2025 financial year, as the lender’s shareholders’ funds crossed the N1 trillion mark…
CBN order: Four banks release 321,181 dormant accounts
CBN Governor, Olayemi Cardoso Four banks have published details of no fewer than 321,181 dormant accounts following a directive by the Central Bank of Nigeria, The PUNCH comes as economic…
W’Bank warns prolonged oil shock may worsen food insecurity
The World Bank has warned that a prolonged surge in oil prices triggered by escalating conflict in the Middle East could worsen food insecurity across developing economies, as higher energy…
Zenith Bank Appoints Mustafa Bello As Chairman
BY NGOZI ONYEAKUSI Zenith Bank Plc has announced the appointment of Engr. Mustafa Bello as the Chairman of its Board of Directors. The appointment, which takes immediate effect, has been…
Banks Deposit with CBN Dips to N92.32trn on MPR Cut
BY NGOZI ONYEAKUSI CBN Governor, Olayemi Cardoso Banks and merchant banks’ deposits with the Central Bank of Nigeria (CBN), has dropped by per cent to trillion in April 2026 as…
CBN issues new directives on bank charges
CBN Governor, Olayemi Cardoso The Central Bank of Nigeria has scrapped card maintenance fees, directing banks not to charge any maintenance fee on naira-denominated debit or credit cards, while virtual…
Fidelity Bank Extends “Give Her Power” Initiative to Ikorodu
BY NGOZI ONYEAKUSI Leading financial institution, Fidelity Bank Plc, has extended its flagship women empowerment programme, “Give Her Power”, to Ikorodu, Lagos State, empowering over 30 women with vocational tools…
Zenith Bank Targets Francophone Growth With New Cote D’Ivoire Subsidiary
BY NGOZI ONYEAKUSI Zenith Bank Plc has announced the opening of its Côte d’Ivoire subsidiary, marking a pivotal achievement in the Group’s Pan-African expansion strategy. The official opening ceremony, scheduled…
