Archives Tag: Nigerian banks
3 Ways Nigerian Banks Can Deliver Digital Experiences To Drive A Digital Edge
April 19, 2022
The debate of FinTechs displacing traditional banks is fast losing relevance. The present debate is how can banks become more digital and design their financial services and operations to be custom-built for teeming digitally-inclined customers. The debate is all about how traditional banks can increase their market share. Experts have warned that banks which do … Continue reading 3 Ways Nigerian Banks Can Deliver Digital Experiences To Drive A Digital Edge
Top 5 Nigerian Banks of 2019
April 19, 2022
It’s been a mixed year for Nigerian banks. Some have seen their profits bulge; others have had to lay off a large fraction of their workforce, just to maintain decent margins. There were expansions into new regions; a huge merger was completed; and the general shift to digital banking continued. And in the world beyond … Continue reading Top 5 Nigerian Banks of 2019
Customer Service Contacts for Nigerian Banks
April 19, 2022
Most times when we run into issues with our bank accounts, our first response is usually to take a ride to the bank and lodge a complaint, and that can be quite inconvenient. So, in lieu of the customer service week, we provide you the contacts of all Nigerian banks to help you get remote … Continue reading Customer Service Contacts for Nigerian Banks
BVN Registration Deadline Approaches! Register Today
April 19, 2022
This is to remind all our readers who haven’t registered for their BVN that the deadline for bank customers to register for their Bank Verification Number (BVN) is October 31, 2015. The introduction of BVN, according to the CBN, is targeted at addressing cybercrime, ATM fraud and other kinds of financial frauds as well as to … Continue reading BVN Registration Deadline Approaches! Register Today
By ejura
CBN Reintroduces N65 Charges on Cash Withdrawals on ‘Other Banks’ ATMs
April 19, 2022
Nigeria’s apex bank, Central Bank of Nigeria, CBN, yesterday directed commercial banks in the country to re-introduce a charge of N65 per transaction on remote-on-us Automated Teller Machines (ATMs) cash withdrawals. The policy takes effect from September 1, 2014. Remote-on-us are transactions done by a card holder on another bank’s ATM. The central bank stated … Continue reading CBN Reintroduces N65 Charges on Cash Withdrawals on ‘Other Banks’ ATMs
BUSINESS Stock Market Uncategorized
Diamond Bank Posts N13.8 Billion Half-Year Profit
April 19, 2022
Diamond Bank Plc has reported that it has realised a profit after tax of N13.8 billion in its unaudited results for the six months ended June 30, 2014. This represents an annual increase by nine per cent, compared to the N12.6 billion recorded in 2013. The bank’s gross earnings also rose to N98.3 billion as … Continue reading Diamond Bank Posts N13.8 Billion Half-Year Profit
By elizabeth
TECH Tip of the Day Uncategorized
Get Your BVN: Protect Your Bank Accounts From Fraudulent Activities
April 19, 2022
Do you want to protect your bank account from unauthorized access? The Central Bank of Nigeria has in partnership with all Nigerian banks, introduced a unique identification number for bank customers called the BVN – Bank Verification Number. The BVN gives every bank customer a unique identity across the Nigerian banking industry which will help … Continue reading Get Your BVN: Protect Your Bank Accounts From Fraudulent Activities
By mary-odunuga
Heritage Bank Opens New Experience Centre on Awolowo Road, Ikoyi Lagos
April 19, 2022
Heritage Bank has just opened a new Experience Centre on Awolowo Road in Ikoyi, Lagos State. During its commissioning, Robert Mbonu, the Executive Director, Enterprise Management, Heritage Bank described this move as a continuation of the bank’s unique banking services aimed at improving the bottom-line of its numerous customers. The Experience Centre is a … Continue reading Heritage Bank Opens New Experience Centre on Awolowo Road, Ikoyi Lagos
By mary-odunuga
Banks Set to Begin Biometric Registration of Customers
April 19, 2022
Deposit money banks will begin the roll-out of the Bank Verification Number (BVN) registration of customers by next week. This marks the end of the first phase of the project during which over 7,000 BVNs were issued by 21 deposit money banks and the Nigeria Inter-Bank Settlement System PLC (NIBSS) to existing internal … Continue reading Banks Set to Begin Biometric Registration of Customers
By mary-odunuga
CBN Instructs Banks to Refund Excess Charges
April 19, 2022
Nigeria’s Apex Bank, the Central Bank of Nigeria, has ordered Deposit Money Banks to refund illegal fees charged to customers over a period of one year. The order was contained in a circular dated 12 June and was signed by Mr. Franklin Ahonkhai, Director, Financial Policy and Regulation Department, CBN. The Central Bank … Continue reading CBN Instructs Banks to Refund Excess Charges
By mary-odunuga
BUSINESS Media TECH Telecommunication
Diamond Bank Upgrades Mobile App, Gives N1000 Cashback on First Use
April 19, 2022
Diamond Bank has announced the upgrade of its mobile-based banking application – the Diamond Mobile app so that its mobile subscribers can carry out more banking transactions beyond fund transfers and bill payments in a secured environment at any time of the day. This is to show the bank’s determination to provide … Continue reading Diamond Bank Upgrades Mobile App, Gives N1000 Cashback on First Use
By mary-odunuga
Skye Bank Pays N3.96b Dividend to Shareholders
April 19, 2022
Skye Bank Plc has paid the sum of N3.96 billion as dividend to its shareholders, translating to 30 kobo per share for the year ended December 31, 2013. The chairman of the bank, Mr. Olatunde Ayeni, disclosed this on Wednesday at the 8th annual general meeting of the bank held in Lagos. He said the … Continue reading Skye Bank Pays N3.96b Dividend to Shareholders
FBN Holdings Records N70bn Profit, to Pay N1.10 Dividend
April 19, 2022
FBN Holding Plc Tuesday announced a dividend of N1.10 per share for the year ended December 31, 2013, showing an increase of 10 per cent above the N1.00 paid the year before. The dividend, which amounts to N35.895 billion will be paid out of profit after tax recorded by FBN Holdings for the … Continue reading FBN Holdings Records N70bn Profit, to Pay N1.10 Dividend
By elizabeth
Skye Bank Appoints Timothy Oguntayo CEO-designate
April 19, 2022
Skye Bank’s Board of Directors has confirmed a successor to the present Group Managing Director/Chief Executive Officer, Mr. Durosinmi-Etti who is to retire from the bank on the 31st of July, 2014 to mark the end of his tenure. His successor is Mr. Timothy Oguntayo who is currently the Bank’s Executive Director that is responsible for … Continue reading Skye Bank Appoints Timothy Oguntayo CEO-designate
By mary-odunuga
UBA Introduces Instant Selectable PIN for Debit Cards
April 19, 2022
United Bank for Africa Plc. (UBA Group), has announced the introduction of ‘In Card PIN management’ that lets Customers of the Bank immediately select their Personal Identification Number – PIN – for their Debit Cards, eliminating the process of handing out PINs in sealed mailers. The development, according to UBA Group, allows customers of the … Continue reading UBA Introduces Instant Selectable PIN for Debit Cards
By sheyi
