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...

Tech Upgrade Gulps N460bn in Seven Banks in 2024 Seven top Nigerian banks have recorded a combined spending of N460billion on the information technology upgrade in 2024, Daily Trust reports. An analysis of the financial statements of Access Holdings Plc, Guaranty Trust Holding Company (GTCO) Plc,...

₦25.3bn Debt: Keystone Bank Takes Over Bacita Sugar Company, Appoints Receiver …Court Freezes 21 Accounts Linked to KIA Africa Keystone Bank has officially taken over the operations of Bacita Sugar Company, formerly known as Josepdam Sugar Company, following the failure of its parent firm, KIA Africa...

Stocks: Financial Sector Gains N9.49tn Market Value The financial services sector on the Nigerian Exchange closed with a total market capitalisation of N9.49tn, driven by performances from banking stocks, particularly Guaranty Trust Holding Company Plc, Zenith Bank Plc, and Access Holdings Plc. Guaranty Trust Holding Company...

N160bn Debt: Nigerians to Lose Access to USSD in January - NCC The Unstructured Supplementary Service Data (USSD) of nine banks will no longer be supported by telecommunication firms due to N160 billion unpaid debt, according to Nigerian Communications Commission. These telcos, acting under NCC directive,...

Loan Charges from Nine Banks Hit N4.8tn Nine Nigerian banks collectively earned N4.85tn in interest income on loans and advances to customers in the first nine months of 2024, marking a growth of 114.95 per cent compared to N2.26tn recorded in the same period of...