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Afreximbank, UBA Announce Initial Disbursement of US$2.25bn Under Syndicated US$3.3bn Crude Oil Prepayment Facility 

(AFRICAN EXAMINER) – African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 billion has been made. A second tranche of US$1.05 billion is expected to be disbursed subsequently. United Bank for Africa Plc (UBA) acted […]

Zenith Bank To Establish A Subsidiary In France, Signs MOU With French Govt

(AFRICAN EXAMINER) – Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the French Government to establish a subsidiary of Zenith Bank Plc in France.  The MoU, which was signed by the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, and the French Minister for Trade, Attractiveness and French Nationals Abroad, […]

Zenith Bank Ranked #1 Bank In Nigeria For 13th Year 

(AFRICAN EXAMINER) – Zenith Bank Plc has been ranked as the Number One Bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine.  For the thirteenth consecutive year, the Bank retained its position as the number one Tier-1 bank in Nigeria with a Tier-1 Capital of […]

UBA Rewards Loyalty As Customers win N16.6m in Super Savers Promo

(AFRICAN EXAMINER) – Africa’s Global Bank, the United Bank for Africa (UBA) Plc, has rewarded its loyal customers in the just concluded UBA Super Savers draw, giving out a total of N16.6m in cash prizes. The computerised draw held at the Tony Elumelu Amphitheatre at the UBA Head Office on Friday, was witnessed by members […]

CBN Debunks Rumour Over Sack Of Bank’s Governor, Emefiele

(AFRICAN EXAMINER) – The CBN says online media reports purporting the sacking of the bank’s governor, Mr Godwin Emefiele, is untrue. Head of Corporate Communications at the CBN, Osita Nwanisiobi, made the rebuttal on Wednesday in Abuja . Emefiele is currently out of the country on official assignment. African Examiner reports that Emefiele has been […]

Banking Sector Fraud Largely Insider Perpetrated – EFCC

(AFRICAN EXAMINER) –   EFCC has declared that banking sector fraud is largely  perpetrated by insider Information, Communication Technology (ICT) employees. Mr Abbah Sambo, Head, Cybercrime Section of the EFCC, made the disclosure at a national seminar on Banking and Allied Matters for judges. Sambo  represented the EFCC chairman, Mr Abdulrasheed Bawa, at the seminar. He […]

FRC To Sanction Banks, Financial Institutions Violating Loan Conditions To States

(AFRICAN EXAMINER) – The Fiscal Responsibility Commission (FRC) says it has notified about 14 banks and financial institutions allegedly granting loans without due process to state governments. Executive Chairman of the FRC, Mr Victor Muruako, made the disclosure at a Transparency and Accountability Sensitisation Workshop for the South West in Lagos on Monday. African Examiner […]

Fidelity Bank Wins DBN-Focused Locations Award

(AFRICAN EXAMINER) – A leading commercial bank in Nigeria, Fidelity Bank Plc has emerged winner of the 2020 Development Bank of Nigeria (DBN) service award for the highest disbursement to DBN-focused locations. Fidelity Bank currently has about 6 million customers who are serviced across its 250 business offices and various other digital banking channels. The […]

CBN Postpones e-Naira Launch

(AFRICAN EXAMINER) –  The Central Bank of Nigeria (CBN) has announced the postponement of the proposed launch of its digital currency, e-Naira. A statement by apex bank’s Director of Communications, Mr Osita Nwanisobi, said that the launch, which was earlier scheduled for Oct. 1, was postponed due to other activities lined up to commemorate the […]

UBA’s LEO Continues To Evolve, Remains Smartest Banking Chatbot

…Hits 3 Million User Mark  (AFRICAN EXAMINER) – Pan African financial institution, United Bank for Africa (UBA) Plc, has in the last three years won the hearts of its customers with its artificial intelligence chat bot, LEO, which has proven to be the most formidable artificial intelligence chat bot till date; serving an ever-increasing clientele […]

UBA Publishes Names, Account Details Of Forex Defaulters

(AFRICAN EXAMINER) – The United Bank of Africa has published the names of some individuals who applied for Personal Travel Allowance and bought cheap dollars at the bank but did not use it for the purpose they applied for. The account numbers and Bank Verification Numbers of the defaulters were included in the publication. According […]

CBN Sets To Roll Out E-Naira

(AFRICAN EXAMINER) –  The director of Information Technology, Central Bank of Nigeria (CBN), Rukiya Mohammed,  said  the apex bank has concluded plans to launch the Central Bank Digital Currency (CBDC) on October 1. African Examiner reports that Mohammed disclosed this in a webinar, themed “Digital currency and the prospects of CBDC in Nigeria”, organised by […]

Economists’ Forum: Emefiele Not The Cause Of Naira Woes

(AFRICAN EXAMINER) – The North-South Economists’ Forum, NSEF, a focus group of development economists, has exonerated Central Bank of Nigeria, CBN, Governor, Mr. Godwin Emefiele, from the continued depreciation of the value of the naira in the forex market. The body of economists in a press release signed by its Chairman, Malam Ahmed Abdulkadir and […]

Herbert Wigwe Wins Leadership Awards’ Banker Of The Year

(AFRICAN EXAMINER) – Group Managing Director and Chief Executive Officer (CEO) of Access Bank Plc, Herbert Wigwe has emerged winner of the 2020 Leadership Awards’ ‘Banker of the Year’. This award was bestowed on him at the Leadership Conference and Awards ceremony which was held in Abuja on Thursday, in recognition of his stellar leadership […]

AFF Partners Access Bank On Digital Academy For Women

(AFRICAN EXAMINER) – Africa Fintech Foundry (AFF) has announced its partnership with Access Bank’s ‘W’ Initiative to jointly establish a digital academy solely for women. The establishment of the female digital school which is aimed at fostering tech diversity, will educate over 500 women to become technology gurus over the next three to five years. […]

Digital Currency Will Facilitate Cross-Border Remittances, Payment System In Nigeria – CBN

(AFRICAN EXAMINER) – Central Bank of Nigeria (CBN) has assured Nigerians that the introduction of its digital currency, eNaira, will facilitate cross-border remittances and improved efficiency in payment system in the country. . This is coming ahead of the Central Bank Digital Currency (CBDC), scheduled to be unveiled in the last quarter of this year. […]

Access Bank Records N97.49bn Profit In 6 Months

(AFRICAN EXAMINER) – Access Bank Plc has posted a profit before tax (PBT) of N97.49 billion in six months as at June 30. This was stated in the bank’s interim financial statement signed by the Company Secretary, Mr Sunday Ekwochi, posted on the website of the Nigerian Exchange (NGX) Ltd. on Thursday in Lagos. The […]

Forex Ban: CBN Directs Banks To Publish Names Of Fraudsters On Websites

(AFRICAN EXAMINER) – The Central Bank of Nigeria has directed all commercial banks to publish on their websites the names and Bank Verification Numbers of customers who engage in fraudulent and unscrupulous practices to obtain foreign exchange from banks. In a circular issued by the on Tuesday, the bank outlined the fraudulent practices to include […]

Access Bank Reassures Customers On Protection Against Fraudsters

(AFRICAN EXAMINER) – A frontline multinational commercial bank, Access Bank Plc, has reassured customers of its commitment to protecting them from the criminal activities of fraudsters. In a statement made available to the media today, the bank said it has remained committed to educating its customers, informing and protecting them from fraudsters, over the years. […]

Firstbank Bags A Hat Trick Of Awards At Global Banking And Finance Awards 2021

(AFRICAN EXAMINER) – First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, has been awarded the 2021 ‘’Retail Banking CEO of the Year Nigeria’’, ‘’Most innovative Retail Banking App Nigeria’’ and ‘’Best CSR Bank Nigeria’’ awards by Global Banking and Finance magazine. The respective awards conferred on the Bank are in recognition […]

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