Banks Increase Charges by 50%, Now N6 per SMS Various banks have sent emails to their customers to inform them of the new rate of N6 for every SMS transaction with effect from today. These banks will commence implementation of charges for alerts and other short...

UK FCA Fines GTBank for ‘money laundering system failures’ The Financial Conduct Authority, has fined the British subsidiary of Nigeria’s Guaranty Trust Bank 7.6 million pounds ($9.3 million). The United Kingdom- based financial watchdog on Tuesday said the fine was imposed due to the failures in...

In H1, Three Banks Record 26,877 Fraud Cases - Report  Three Banks financial reports shows that Access Bank, GTB and Fidelity Bank recorded 26,877 fraud cases in the first six months of the year. This was a 56.45 per cent decrease from the 61,715 fraud cases that...

GTB, Zenith, UBA Account For N15.88bn Transactions         The most traded stocks on the floor of the stock market last week were United Bank for Africa Plc, Guaranty Trust Bank Plc and Zenith Bank Plc (measured by volume) as they accounted for 88×5.52 million shares worth...

GTBank Sets Up Medical Facility To Contain COVID-19   Guaranty Trust Bank (GTBank) Plc said it is building a 100-bed intensive care centre to be fully-equipped with modern facilities for the treatment of Nigerians who may be infected with the dreaded COVID-19 pandemic currently ravaging the...

NLNG Appoints GTBank, Japan’s SMBC Train 7 Financial Advisers   The Nigeria Liquefied Natural Gas Limited (NLNG) has appointed one of Japan’s leading banks and the core unit of Sumitomo Mitsui Financial Group – Sumitomo Mitsui Banking Corporation (SMBC) and one of Nigeria’s leading banks –...