Total Nigeria Plc has announced the appointment of Dr Samba Seye as the Managing Director of the firm. His appointment takes effect from Wednesday, September 1. The company made the announcement in a statement issued by its Country Communications Manager, Mr Charles Ebereonwu on Tuesday in Lagos. It says Seye is replacing Mr Imrane Barry […]
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To further ease transactions, Zenith Bank Plc has introduced an Artificial Intelligence (AI) powered Chatbot on WhatsApp named ZIVA (Zenith Intelligent Virtual Assistant), which enables customers to perform financial transactions and enjoy real-time customer service from their mobile phones. According to a statement from the bank, with this solution, customers would be able to enrol […]
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Reprieve may have come the way of commercial bank customers, as the Central Bank of Nigeria (CBN) has facilitated their repayment of N82.2 billion for failed transactions.The apex bank said the recovery was based on verified complaints as of June this year. CBN Governor, Godwin Emefiele, who made the disclosure yesterday in Calabar at the […]
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‘We will ensure full compliance with new rules’ The Central Bank of Nigeria (CBN) has assured the public that it will monitor the deposit money banks (DMBs) to ensure they comply with set rules and meet the legitimate foreign exchange needs of Nigerians. This came as the apex bank dismissed reports of the planned conversion […]
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The newly established Guaranty Trust Holding Company Plc has appointed Mrs Miriam Olusanya as the managing director of Guaranty Trust Bank Limited. It also announced its new board of directors as well as changes to the board of its banking subsidiary, Guaranty Trust Bank Limited on Wednesday. The statement said, “The banking subsidiary, Guaranty Trust […]
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The Central Bank of Nigeria has denied planning to nationalise Unity Bank Plc as alleged by an online news medium. Reacting to the report, the acting Director, Corporate Communications Department, CBN, Osita Nwanisobi, described it as fake news. “The report is fake news,” he said. He added that the public should disregard such news. The […]
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Some banks have notified their customers that they would start charging them N6.98 for every USSD transactions. However, experts have said that excessive charges by banks could pose a threat to financial inclusion. According to them, it will increase cash transactions because many bank customers would avoid using the USSD for transactions and could also […]
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Sacked former chairman of First Bank Nigeria Limited, Mrs. Ibukun Awosika, has insisted the decision to sack reinstated Managing Director of the bank, Adesola Adeduntan, was taken in the best interest of the institution. She said she maintained consistency in her contributions to development of the bank in over five years as chairman. Awosika explained […]
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First Bank of Nigeria on Friday confirmed that Dr Adesola Adeduntan had resumed as the Chief Executive Officer in line with the directives of the Central Bank of Nigeria (CBN). A statement by the management of the bank said Adeduntan had resumed as directed by the apex bank. “We can confirm that the bank is […]
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NPL 20% above the maximum threshold, may affect dividend payout Experts blame weak economy, harsh business environment Economists urge banks to observe due diligence in approval, strengthen risk framework CBN Governor Godwin Emefiele There are mounting concerns over the increase in banks’ toxic assets and the potential bubble from Loan to Deposit Ratio (LDR) as […]
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