Banking: Electronic, Internet, Retail & Phone Banking. Retail, Corporate & Investment Banking. Asset..
Banking is an industry that handles cash, credit, and other financial transactions. Banks … Retail banking provides credit, deposit, and money management to
This cover Banking Services in terms of Electronic Banking Services of the Bank, Internet & Phone Banking,
New loans throughout the banking system generate new deposits elsewhere in the system.
Advertisement Standard Chartered Commences $1 Billion Share Buyback Program and Declares 21 Cents Dividend per Share. In a strategic move aimed at unlocking shareholder value, Standard Chartered has announced a $1 billion share buyback initiative, concurrent with CEO Bill Winters’ assertion that the bank’s current share price undervalues its true worth. The United Kingdom-based … Read more
Advertisement FCMB Group Achieves Record-Breaking Growth with N516.8 Billion Gross Earnings in 2023. FCMB Group Plc recently unveiled its unaudited annual report and financial statements for the fiscal year 2023, showcasing remarkable achievements and robust financial performance. Key Financial Highlights: FY 2023 (Year-on-Year % Change) Gross Earnings Surge: FCMB Group reported a significant growth … Read more
Advertisement Top 10 CFOs Guiding Nigeria’s Largest Banks: A Closer Look at Market Leaders. In the dynamic financial landscape of Nigeria, the year 2023 witnessed an impressive surge in the NGX Banking Index, marking a substantial growth of 114.9%. This remarkable achievement solidified its position as the second-best performing index on the NGX, closely … Read more
Advertisement The Central Bank of Nigeria (CBN) is gearing up for its inaugural Monetary Policy Committee (MPC) meeting scheduled for February 26th and 27th, as outlined in the tentative MPC meeting calendar for 2024 signed by the Director of MPD. The 2024 calendar reveals plans for a total of six MPC meetings throughout the year, … Read more
Advertisement Unlocking Investment Potential: A Comprehensive Analysis of SWOOT Banking Stocks” In the realm of SWOOT stocks, the banking sector emerges as a promising investment avenue, offering potentially undervalued opportunities for investors. Notably, Zenith Bank, GTCO, FBNH, and UBA showcase lower P/E ratios and higher earnings yields, signaling a favorable outlook for those seeking strategic … Read more
Advertisement Polaris Bank, acquired by Strategic Capital Investment Limited (SCIL) for N50 billion in 2022, has faced a tumultuous history marked by financial challenges and ownership transitions. This article provides a detailed timeline of significant events leading to the recent changes in its board. Polaris Bank’s Evolution: A Historical Perspective 2005 – Skye Bank Emerges: … Read more
Advertisement Zenith Bank Plc has refuted claims suggesting that its Managing Director, Ebenezer Onyeagwu, was apprehended by the Economic and Financial Crimes Commission (EFCC). In a statement released by the bank, it categorically dismissed the reports of the arrest as “entirely false.” Several news platforms, excluding MyfinanceNG, propagated on January 9 that Managing Directors of … Read more
Advertisement The Central Bank of Nigeria (CBN) has officially dissolved the Board and Management of three prominent banks: Union Bank, Keystone Bank, and Polaris Bank. In a press release dated January 10, 2024, the CBN highlighted that this action was taken due to the banks’ non-compliance with critical regulatory provisions, specifically Section 12(c), (f), (g), … Read more
Advertisement Simplifying Online Purchases in Nigeria: Top 10 Virtual Dollar Cards. Making online purchases with Nigerian credit cards that get rejected can be frustrating. But fear not, there’s a solution—virtual dollar cards. Virtual dollar cards allow seamless transactions on overseas websites where your Naira card might not work. These prepaid cards in dollars enable … Read more
Advertisement iBank UBA or Internet Banking service and phone/mobile banking service makes banking very easy for everyone. You may be thinking of internet fraudsters but you have no problem with them because all your online transactions with iBank UBA is very safe and secured. This self-service allows every UBA customers to have full access to … Read more