Zenith Bank wins Best Nigerian Bank at GFA 2024
Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time since 2019. The Bank was among other banks from 36 countries in Africa recognised…
CBN to Monitor Banks Recapitalization Drive to Avoid Illicit Funds
Central Bank of Nigeria, CBN, plans to closely monitor the recapitalisation of the Nigerian banking sector, in conjunction with the law enforcement agencies. The move is intended to prevent illicit financing in the sector. The Director of the CBN’s Financial…
5 Strategies to Prevent Payment Delays from Hurting Your Business
Global financial giant, the World Bank predicts that late payments cost the global economy over $40billion every year Payment delays pose significant challenges for businesses across Africa. Maintaining a steady cash flow is essential for business growth and sustainability, making…
MoneyMaster PSB partners Lagos on ‘Ounje Eko’ Sunday Food Stuff Market
Leading indigenous payment service bank, MoneyMaster Payment Service Bank Limited (MMPSB), has partnered with Lagos State Government on its “Ounje Eko” Food Markets, a food price discount initiative to bring succor to residents of the state. Under the partnership, MoneyMaster…
Access Holdings Plc records remarkable 288.1% y/y surge in EPS to NGN17.23
Access Holdings Plc (ACCESSCORP) released its 2023FY results this morning, recording a remarkable 288.1% y/y surge in EPS to NGN17.23 (2022FY: NGN4.44), driven by strong growth in the group’s core (+99.9% y/y) and non-core income (+71.3% y/y) lines for the…
SEC, NGX Group, Stakeholders Rate 13-year of Oscar Onyema in Capital Market
The Securities & Exchange Commission (SEC), Nigerian Exchange Group Plc, Association of Securities Dealing Houses of Nigeria (ASHON) among other key stakeholders on Tuesday celebrated the outgoing Group Chief Executive Officer of Nigerian Exchange Group Plc (NGX Group), Mr. Oscar…
CBN’s MPC votes to raise MPR again
At a time headline inflation is biting harder in the economy, the Monetary Policy Committee (MPC) again voted to raise the Monetary Policy Rate (MPR) by 200bps to 24.75% in March. Analysts at Cordros Capital had highlighted that the committee’s…
PAFON 1.0: Experts Harp on Data Privacy in Payments Ecosystem
Leader of the Committee of Chief Information Security Officers of Nigerian Financial Institutions (CCISONFI), Mr. Festus Amede, has identified Data Minimization Principles, User Consent and Control, as well as Compliance with Privacy Regulations as important elements in protecting privacy in…
Issues as Cardoso sets for his 2nd MPC Meeting on Monday, Tuesday
The Monetary Policy Committee (MPC) has slated its second meeting of the year for 25th and 26th of March, deviating from its usual schedule (MPC typically convenes bi-monthly). The meeting follows on from the February meeting when the Committee implemented…
Diamond Family Support Foundation Congratulates Umeoji, New Zenith CEO
The Diamond Lady Family Support Foundation has sent a congratulatory message to Dr. Adaora Umeoji on her recent appointment as the Group Managing Director and Chief Executive Officer of Zenith Bank In a press statement released on Friday evening by…
