Tag: banking
Eurasian Development Bank raises funds on the UAE Capital Market to...
The Eurasian Development Bank (EDB), a supranational financial institution headquartered in Almaty, Kazakhstan, has issued a private placement bond, denominated in dirhams, on the...
ila Bank partners with Mastercard to launch innovative solutions and expand...
ila Bank, powered by Bank ABC, has partnered with Mastercard to enhance the bank’s proposition across consumer products, launching new affluent, travel products and...
Al Salam Bank Net Profit Grows by 40% to Record Levels
Al Salam Bank (Bahrain Bourse trading code “SALAM”, Dubai Financial Market trading code “SALAM_BAH”) achieved record profitability with net profit attributable to shareholders increasing...
USSD debts: NCC orders telcos to disconnect 9 banks
The Nigerian Communications Commission (NCC) says it has ordered telecommunications companies to disconnect the Unstructured Supplementary Service Data (USSD) codes assigned to nine financial...
Saxo Bank reports 35% growth: Strong performance highlights H1 2024 results
During 2024, the Saxo Bank Group rolled out a new competitive pricing structure that lowers costs for clients as well as improvements to the...
Saxo Q3 outlook | 2024: Sandcastle economics Navigating Fragile Growth
As economic growth remains robust, driven by sectors like defence, AI, and obesity drug manufacturing, Saxo's strategy team warns of the fragility of this...
Nigerian banking system is stable, CIBN assures Nigerians
The Chartered Institute of Bankers of Nigeria (CIBN) on Wednesday reassured Nigerians that the banking system remained “safe, sound and resilient,” dispelling fears of...
Market capitalisation sheds N38bn as investors sell off banking stocks
Sell-offs in Tier-one banking stocks on Tuesday extended losses on the Nigerian Exchange Ltd. (NGX) stock market capitalisation by 0.07 per cent.
Notably, investors lost...
Investors’ demand for banking stocks yields N18 billion profit
The stock market recorded an upturn due to increased investor demand for banking stocks and other medium-capitalised entities on Thursday, which led to N17.96...
Agency banking contributes N7tn annually in transaction value – Lawmaker
Abuja, Nov. 22, 2023 (NAN) The Deputy Senate President, Sen. Barau Jibrin says agency banking contributes seven trillion Naira annually in transaction value.
Jibrin said...
EMTECH Releases its Web-3 Enabled Central Banking Digital Currency Innovation Kit...
NEW YORK — EMTECH, an award-winning software company and first-of-its-kind Modern Central Banking Infrastructure provider, today announced the public release of its Central Bank Digital...
Bank Customers Lose N42.7bn to Fraudsters in 3 Months
Bank customers lost a whopping N42.755 billion to fraudulent activities perpetrated through social engineering in just three months.
Social engineering is when fraudsters trick individuals...
Ex-Staff Launches UBA Alumni Network
It was an interesting and auspicious time to see ex-staff of United Bank for Africa (UBA) Plc, come together to launch the UBA Alumni...
CBN says fake N1000, N500 note declined in 2020
The Central Bank of Nigeria (CBN) says the faking of higher denomination banknotes in Nigeria dropped 20.80 per cent in volume and 12.18 per...
Bank Account without BVN attracts 2m Fine- CBN
The Central Bank of Nigeria (CBN), in a bid to promote financial system stability, has declared that financial institutions and customers that violate the...
At UBA, Customer Satisfaction Remains our Number one Priority – Uzoka
The Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Kennedy Uzoka, has said that the main priority for every staff in...
UBA’s LEO hits 3 million user mark, remains smartest banking chatbot
United Bank for Africa (UBA) Plc, has in the last three years won the hearts of its customers with its artificial intelligence chat bot,...
