Cybersecurity company DevSecFlow has launched its advanced security operations platform, SECOYA, to help financial institutions and businesses in highly regulated sectors respond smarter and faster to growing cyberthreats. The announcement …
Nigerian Banks
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- Access BankBanking, Finance & InvestmentBusinessEconomyFinance & ServicesZenith Bank
Zenith, Access Lead Banks That Have Met CBN’s N500bn Capital Requirement
A new report by Proshare has revealed that only two Tier 1 banks — Zenith Bank and Access Holdings — have crossed the N500 billion share capital and share premium …
- Banking, Finance & InvestmentBusinessGOVERNMENTLeadershipMarkets
Femi Otedola Set to Gain Full Control of First Holdco as Otudeko, Odukale Set to Exit.
The prolonged leadership and ownership tussle at First Holdco Plc, the parent company of Nigeria’s oldest financial institution, First Bank of Nigeria, is drawing to a historic close. Multiple sources …
ASO Savings & Loans Plc has posted a modest profit after tax of ₦89 million for the financial year ended December 31, 2023, a slight improvement from the ₦85 million …
- AfricaBanking, Finance & InvestmentBusinessFinance & ServicesLeadershipNigeria
Ecobank Group Elevates Nigerian Finance Executive Ayo Adepoju to Board as Group Executive Director
The Board of Directors of Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced the appointment of Nigerian-born finance expert, Ayo Adepoju, as a Group Executive …
- Banking, Finance & InvestmentBusinessEconomyFinance & ServicesNigeriaPolicies
Nigerian Banks’ Restricted Deposits with CBN Hit ₦18.82tn as Tight Monetary Policies Persist
Seven big Nigerian banks have reported a combined ₦18.82 trillion in restricted deposits with the Central Bank of Nigeria (CBN) as at March 31, 2025. This is a 7.3 percent …
- Banking, Finance & InvestmentBusinessBusiness InsightsFinance & ServicesGOVERNMENTLeadershipNigeria
Parallex Bank Appoints Rachel Akhuetie as Non-Executive Director
Parallex Bank Limited has announced the appointment of Mrs Rachel Akhuetie as a Non-Executive Director and member of its Board of Directors, adding significant depth to the bank’s leadership with …
- Banking, Finance & InvestmentBusinessEconomyFinance & ServicesINVESTMENTTechnology
Coronation Merchant Bank Records 303% Profit Surge in 2024, Citing Strategic Repositioning and Value Creation
Coronation Merchant Bank has posted a remarkable 303 per cent rise in Profit After Tax (PAT) for the 2024 financial year, attributing the leap to deliberate strategic repositioning, operational discipline, …
- Banking, Finance & InvestmentCyber securityGOVERNMENTNigeriaTechnology
Seamfix Calls for Biometric Security as Insider Fraud Rises in Nigerian Banks
Seamfix Limited has reaffirmed its commitment to bolstering cybersecurity in Nigeria’s financial sector, advocating for biometric-based security solutions as a frontline defence against insider fraud. The company made this known …
- Banking, Finance & InvestmentBusinessDigital EconomyEconomyFinance & ServicesINVESTMENTNigeria
Signature Bank Bounces Back with N768 Million Profit in 2024, Records 374% Revenue Growth
Signature Bank Limited has made a major comeback in 2024, posting a profit before tax of N768.05 million, a sharp turnaround from the loss of N2.87 billion it recorded in …