Browsing Tag
Banking
31 posts
Globus Bank Secures First Credit Ratings from Fitch
Globus Bank has achieved its inaugural credit ratings from Fitch Ratings, earning a 'B-' Long-Term IDR with a stable outlook, reflecting its strong financial performance and successful recapitalization efforts.
CBN Mandates N19 Billion in Customer Refunds as Banking Complaints Grow by 11 Percent
Bank customer complaints rose by 11 percent in 2025, leading the Central Bank of Nigeria to order N19.12 billion in refunds and issue N1.69 billion in penalties to financial institutions.
UK Home Loan Interest Rates Climb to Monthly Peak
Average UK mortgage rates have returned to their highest point in a month due to Middle East instability and rising oil prices, prompting lenders to increase costs on new fixed-rate deals.
NDIC Advances Financial Education and Deposit Safety Awareness in Ebonyi
The NDIC conducted a financial literacy workshop for students in Ebonyi State, focusing on deposit protection and smart money management during the 2026 Global Money Week.
Zenith Bank Secures Africa’s Best Bank Title and Retains Nigerian Top Honors
Zenith Bank Plc has maintained its status as a top financial institution by winning Africa’s Best Bank and Nigeria’s Best Bank at the 2026 Euromoney Awards for Excellence.
Femi Otedola Increases First HoldCo Stake to 21.96 Percent in N77.6 Billion Deal
Chairman Femi Otedola has expanded his interest in First HoldCo Plc to 21.96 percent after purchasing over 700 million additional shares.
Private sector lending reaches N83 trillion amid rising money supply
Central Bank of Nigeria data indicates private sector credit grew to N83.3 trillion in June 2026, while broad money supply increased to N133.2 trillion amid a decline in cash held outside the banking system.
Nigeria Foreign Exchange Reserves Reach $52.73 Billion, Says CBN Governor
Central Bank Governor Olayemi Cardoso announced that Nigeria's external reserves have grown to $52.73 billion, while also reporting success in the recent banking recapitalization exercise.
FCMB and 247 Travels Partner to Launch Travel Financing Scheme
FCMB and 247 Travels have introduced a loan program offering up to ₦10 million for international air travel, allowing customers to pay for tickets in installments.
Senate orders AMCON to document operational history before 2030 closure
The Senate Committee on Banking has instructed AMCON to prepare a comprehensive report on its operations and achievements ahead of the agency's planned dissolution in 2030.