First City Monument Bank (FCMB) is now providing Small and Medium Scale Enterprises (SMEs) with access to N5 million to N100 million loans to finance the purchase of equipment required to build and ex...
Zenith Bank Plc shareholders on Wednesday finally approved the N125bn dividend proposed by the Bank's board of directors. This approval took place at the firm's 33rd Annual General Meeting at the Civi...
What is Bank Guarantee (BG)?DefinitionA bank guarantee is a financial term used to refer to the agreement made between three parties—the bank, the beneficiary, and the applicant. The applicant ...
The names, Bank Verification Numbers (BVNs), and account numbers of clients who accessed foreign exchange under false pretense and refused to return it have been published by some Nigerian banks.This ...
Fidelity Bank released its unaudited financial report for the first quarter of 2021 at the Nigerian Stock Exchange. In details of the report, the profit before tax of the company went up by an impress...
Banking is a big business in Nigeria, and the top banks are paying huge sum of salary to help the Nigerian economy. We collected data on all Nigerian banks; well, the top banks, and here is the ...
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Access Bank Plc's recent statement revealed that it has signed an agreement with Uganda's Finance Trust Bank (FTB) to buy shares currently held by FTB's Institutional Shareholders who have agreed to e...
While many banks have signaled that they would pay out dividends to investors regardless of the coronavirus crisis, analysts at Keefee, Bruyette & Woods have come out to say that there were “21 ...
Digital bank Mercury, which portrays itself as a bank for startups, has blocked multiple accounts tied to African IT startups. The exact number of businesses affected by this limitation is unkno...
What is financial inclusion? Financial inclusion has to do with creating initiatives to avail financial services and products to individuals and businesses, regardless of individual...