Banking and Finance

The Board of Unity Bank Plc has announced the appointment of Ebenezer Kolawole (FCA) as the Acting Managing Director/Chief Executive Officer. His appointment follows the retirement of Oluwatomi Somefun who has completed her tenure as MD/CEO. The appointment was announced at the Bank’s 18th…

The Central Bank of Nigeria has approved a financial holding company structure, Greenwich Holdings Limited, for Greenwich Merchant Bank Limited. In a statement on Tuesday, the bank said that the regulatory approval marked a significant step enabling Greenwich Group to consolidate its existing…

First Bank will, today, conduct the groundbreaking ceremony for its new green-certified iconic head office building at Eko Atlantic City, Lagos. A statement by Ag. Group Head, Marketing & Corporate Communications, First Bank of Nigeria Limited, Olayinka Ijabiyi, said the 40-storey building project…

Accion Microfinance Bank and Nigeria Consumer Credit Corporation have partnered to provide affordable financing for tricycles and motorcycles for riders in Lagos. The vehicles were officially handed to the riders at an event held in Lagos on Thursday. Speaking at the ceremony, the Managing…

FBN Holdings Plc has announced a change in its brand name to First HoldCo Plc (FirstHoldCo). The company in a statement by its Secretary, Adewale Arogundade, said the change will be implemented across all its subsidiaries. It said the rebranding marked a significant milestone…

The Central Bank of Nigeria (CBN) says its recently announced policy imposing charges on cash withdrawal by customers from Automated Teller Machines (ATMs) of banks other than theirs, is mutually beneficial to both the banks and customers. CBN’s Acting Director, Financial Policy and…

Keystone Bank has confirmed that it is now fully owned by the Federal Government of Nigeria, stating that the takeover will enhance its stability and facilitate a smooth recapitalisation process. The bank disclosed this in a statement on its Instagram page on Tuesday…

The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has identified blockchain technology as a key tool for improving efficiency and strengthening market regulation. Speaking during a session with a delegation from the Algorand Foundation at the SEC headquarters in…

The Securities and Exchange Commission (SEC) has reaffirmed its commitment to ensure investors get equitable access to financial services and investment opportunities. A statement by SEC said the commission’s Executive Commissioner, Corporate Services, Mrs Samiya Usman, made the commitment on Sunday. Usman said the…