In the last few days, Nigerians have been inundated with the staggering sums our banks have declared as...
The report also revealed the top 10 highest and lowest countries that invested in Nigeria.
The coronavirus pandemic has forced a change in its outlook for non-performing loans.
Unlike other apps that are laced with either unbidden and hidden charges, V is free, as there are no charges for customers whether they are transferring money to another customer of V or another bank.
Guaranty Trust Bank, Nigeria's largest bank by market capitalization, has crashed its interest rate for its payday loans from 1.75% to 1.33% per month. The bank reviewed its rate, which is published on its website, as it becomes one of the lowest in the lending space. #GTBANK
About 10,000 SMEs are set to benefit from the $33 million credit facility given by the German lender, KfW Development Bank.
As the Central Bank of Nigeria (CBN) continues to compel Banks to boost their credit to the real sector of the economy, analysis of data published by the apex bank revealed that the loans increased by N3.46 trillion in 2019 (between January and November, 2019).
An online savings platform, SumoBank has rebranded as it metamorphosed to SumoTrust to continue the race of digital savings App in Nigeria. The firm, launched its operation as a digital savings and investment platform, has grown from 0 to serving about 4000 customers.
GT bank, Zenith bank, Access bank, Fidelity Bank and Mansard made the most actively traded stocks on Tuesday as invested traded N1.17 billion on them on the floor of the Nigerian Stock Exchange, contributing 61.9% of the total value.
Stocks of Nigerian banks are starting to react to the outcome of the Nigerian election, which saw the incumbent, President Muhammadu Buhari defeats the Presidential Candidate of People's Democratic Party, Atiku Abubakar.
In its quest to go beyond banking in serving its customers better and impacting on their lives, Diamond Bank has introduced a premium lifestyle subscription service for its Affluent banking customers called XclusivePlus.
