UBA
UBA releases CBN’s National Domestic Card for easy payments, explains features
The United Bank for Africa (UBA) has unveiled the AfriGo Card, the National Domestic card payment solution designed by the Central Bank of Nigeria and NIBBS.
Billionaire Tony Elumelu explains why Nigeria must hit 2 million bpd of crude oil production
Nigerian billionaire, Tony Elumelu have explained why it is crucial for Nigeria to achieve 2 mbpd crude production, and shared what his company is doing to make...
Nigerian Billionaire, Tony Elumelu, shares why he diversified into oil and gas, others
Nigerian billionaire, Tony Elumelu has shared reasons he diversified from banking into oil and gas sector. He encourages entrepreneurs to bet on themselves.
Zenith, UBA, Access, others increase rate for customers to borrow money as CBN announces policy changes
The average maximum lending rate in the banking sector jumped to 31.06% in November 2024, the highest level since 2019 when it was 31% following the CBN's MPR hike.
Dormant accounts rise as Zenith, Access, UBA activate 102 million bank accounts in 2024
According to data from the Nigeria Inter-Bank Settlement sector, there were 311.65 million active accounts in the Nigerian banking industry as of December 2024.
UBA, Zenith, 7 other banks rush to settle USSD debts ahead of January 27 disconnection deadline
Nine banks are scrambling to repay debts owed to Telcos from the use of USSD codes and avoid being disconnected from the service by the January 27 deadline.
Full list: Customers of 9 Nigerian banks will no longer be able to use USSD codes from January 27
The Nigerian Communications Commission (NCC) has announced that the USSD codes of various Nigerian banks will stop working unless a five-year debt is paid.
Prominent banks feature as NCC finally releases names, deactivated USSD codes by telcos
The Nigerian Communications Commission have finally unveiled the names and USSD codes of prominent banks to be disconnected due to their debts to telcos.
Full List: CBN fines 9 banks 150 million each for not dispensing cash via ATMs
The Central Bank of Nigeria has sanctioned nine banks N150 million each for failing to load cash in their Automated Teller Machines ATM at Christmas.
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