Deposit Money Banks

December 03, (THEWILL) - In the spirit of the Yuletide, leading financial institution, Fidelity Bank Plc, has announced plans to host the maiden edition of the Fidelity Family Weekend. Scheduled for Saturday December 16th and Sunday December 17th, 2023 at...

December 03, (THEWILL) - Over the years, every Nigeria's annual budget has been titled to give the impression that its implementation will lead the country to an Economic Eldorado. ‘Budget of Hope and Economic Transformation’; ‘Budget of Inclusion and...

December 01, (THEWILL) - The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) and other financial institutions operating in the country, to place a "Post no Debit” on all bank accounts without Bank Verification Number (BVN)...

November 29, (THEWILL) - The Central Bank of Nigeria (CBN) has directed all its branches to continue to issue and accept all denominations of Nigerian banknotes, both old and redesigned ones, to and from deposit money banks (DMBs). The directive...

November 26, (THEWILL) - In Africa, apart from the known business challenges, such as the decrepit infrastructure, inconsistent government policies, double taxation, increasing inflation, regulation irregularities and the COVID-19 pandemic consequences in recent times, overwhelmingly, lack of capital or...

November 21, (THEWILL) - The burgeoning economic partnership between the Federal Republic of Nigeria and the Federal Republic of Germany witnessed further expansion and strengthening as two important agreements were signed between Nigerian and German businesses on Tuesday. Speaking in...

November 20, (THEWILL) - Nigeria has asked the Action Group Against Money Laundering in West Africa (GIABA) to develop an institutional framework for the enforcement of financial crime regulations in West Africa. Attorney-General of the Federation and Minister of Justice,...

November 19, (THEWILL) - FBN Holdings Plc, the parent company of First Bank of Nigeria Limited, has consolidated on the growth trajectory that it launched onto early in 2023, when it first recorded a N50 billion post-tax profit in...

November 08, (THEWILL) - The Central Bank of Nigeria (CBN), on Wednesday, directed members of the public to accept all CBN-issued banknotes (including the old and redesigned banknotes) currently in circulation, saying "all banknotes issued by the CBN remain...

November 05, (THEWILL) - Retail lender, Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023, with customer deposits appreciating by 5% to N344.4 billion within the period, indicating business growth...