Banks intensify competition for deposits, raise interest rates by 140%

*Deposits grow 6.6% to N34trn in H1’21 *Zenith Bank leads deposit rate increase  *Stanbic IBTC leads deposit growth Banks have raised  deposit rates by 140 per cent in a bid to attract more funds from customers and address the sluggish growth…

FirstBank CEO, Adeduntan, Sensitizes Children on Acts of Kindness

4th July 2019 News Release The Chief Executive Officer of First Bank of Nigeria Limited, Dr.  Adesola Adeduntan, has encouraged children to cultivate the habit of showing kindness to people around them irrespective of class, race or circumstance. Dr. Adeduntan…

Banks paid N8.51bn as IT levy in 2018

Eleven Nigerian banks paid about N8.51bn Information Technology-related levies to the government in 2018, the audited financial reports of the banks showed. This is an increase of N1.34bn over the N7.17bn IT levy the 11 banks paid to the government…

FirstBank rewards customers with cardless financial transactions

Lagos, 22 February 2019 FirstBank, Nigeria’s premier financial institution, has announced its ongoing Visa on mobile (QR) payment promo to reward customers with various discounts for using the QR payment on the FirstMobile App while carrying out transactions with select…

Zenith Bank Plc lost over N305 million more to staff perpetrated fraud in 2018 than it did in 2017

Nigeria’s Zenith Bank Plc posts an impressive 2018 financial report with N193.15 billion profit, 11.99% increase from the previous year. Zenith bank building on Ajose Adeogun street, Victoria Isand Zenith Bank Plc records almost a 400% loss to fraud and…

FirstBank Nigeria (@FirstBankngr) Tweeted: Still dulling? You don’t want to miss this!! Win an all-expense paid trip to Dubai. Don’t dull; all it takes is just 3clicks.

FirstBank Nigeria (@FirstBankngr) Tweeted: Still dulling? You don’t want to miss this!! Win an all-expense paid trip to Dubai. Don’t dull; all it takes is just 3clicks. How to win: 1. Follow us on Instagram 2. Repost the creative on…

Payment Service Banks will complement banks on financial inclusion – Sekibo

Managing Director/Chief Executive, Heritage Bank Limited, Ifie Sekibo in this interview on the sidelines of the Vanguard Economic Summit, sponsored by the bank, spoke about the expected entrance of Payment Services Banks in the industry, listing of Heritage Bank on…

Sterling Bank Partners Leah Foundation On Cancer Awareness

Sterling Bank Plc, has partnered the Leah Foundation to create awareness on breast and cervical cancers through a movie titled:  “Diamonds in the Sky,” designed to create awareness about cancer. Speaking on the movie which premiered recently at the Viva…

FIRSTBANK PARTNERS AZURI TECHNOLOGY TO PROMOTE SUSTAINABLE DEVELOPMENT IN NIGERIA

By Stellamarris Ashinze (NAN) First Bank of Nigeria Limited, last Thursday signed a partnership with the Azuri Technologies to provide solar energy solution for the low-income areas. The Deputy Managing Director of the Bank, Mr. Gbenga Shobo, said in Lagos…

FirstBank and Azuri partner to bring solar to millions and deepen financial inclusion in Nigeria

07 February 2019, Lagos, Nigeria – First Bank of Nigeria Limited and Azuri Technologies, a leader in pay-as-you-go solar technology, today announced a unique partnership that will help deepen financial inclusion in Nigeria while bringing affordable, reliable and clean power…