Nigerian banks have restructured limits on withdrawals done with their ATMs on both domestic and foreign transactions. With the new review, Naira cash withdrawal at ATMs is now N60,000 per day instead of the former N150,000. Also, the limit for foreign currency withdrawal is now $300 per day. According to the new arrangement, the traditional…
Category: Business
GTBank Reviews International Spending Limits On Naira MasterCard
**Begins Sales Of PTA, BTA One of the biggest financial institutions in Nigeria, GTBank, has begun the sale of sale of Personal and Business Travel Allowance (PTA & BTA). This will take effect from Monday, August 10, 2015 at select branches of the bank across the country. Also, the reputable bank has reviewed its international spending…
Investors Celebrate As Fidelity Bank Records N9.7b PBT
One of the financial institutions in Nigeria, Fidelity Bank, has continued to show why it is a big force to be reckoned with in the industry. The Bank recently announced a 13.6 per cent growth in Gross Earnings to N71.9 billion and a Profit Before Tax, PBT, of N9.7 billion. A breakdown of the analysis…
Ecobank Wins 2015 Best Corporate Bank Nigeria Award
A London-based Global Banking and Finance Review Online Magazine, a reputable banking and finance performance review platform, has named Ecobank Nigeria as winner of the Best Corporate Bank Nigeria 2015 Award. Presenting the award to Ecobank in London, the publication’s Production Coordinator, Noel O’Leary, said the choice of the Bank from the various nominations was…
Company Drags First Bank To Court
A Federal High Court in Lagos, has adjourned a case before it involving First Bank of Nigeria till after the Sallah holiday. The Stephen Olabisi Onasanya led First Bank was taken to court by Peep ‘N’ Pick Bureau de Change Limited. According to the suit instituted by K.A. Salawu principal state counsel from the office…
Pakoto, Muslim High School Lift Ogun GTBank Principals Cup
Winners have emerged in Ogun State in the prestigious GTBank-sponsored Principals Cup. While Pakoto High school, Ayede Ifo, came first in the male category of the competition, Muslim High School, Isolu was top in the female category. The finals of the completion took place on Wednesday, July 15, 2015 at the MKO Abiola Stadium, Kuto,…
Tambuwal Lauds Fidelity Bank On CSR
ambuwal Governor of Sokoto State, Aminu Waziri Tambuwal, has commended Fidelity Bank for its viable Corporate Social Responsibility, CSR, which he said is rare especially among organizations whose operations are commercially driven. The former Speaker of the House of Representatives made this comment over the weekend while commissioning the Sokoto State Orphanage Home renovated by…
Etisalat, Airtel Under Attack For 'Fake Promos'
The ongoing advert campaigns rolled out by two of the telecommunication companies in Nigeria, Airtel and Etisalat, have been criticised a cross-section of subscribers, who term them as ‘fraud’. The full report is reproduced below; The on-going advert campaigns by the four major telecom service providers on their 11 kobo per second tariff for calls…
Innovative E-Payment The Future Of Banking In Nigeria—Sekibo
Managing Director of Heritage Bank, Ifie Sekibo, has posited that there is a huge difference between the current growth in volume of e-payment in the country and the potentials available, judging by the number of unbanked Nigerians with access to mobile telephone services. He noted that while the volume of e-payment in Nigeria grew from…
Fidelity Bank Pledges More Superb Customer Experience
Managing Director/Chief Executive Officer of Fidelity Bank Plc, Nnamdi Okonkwo, has promised customers of the Bank continued excellent services. Okonkwo made this known in a statement while reacting to the N52m splashed on over 100 customers of the Bank in the on-going Fidelity Loyalty Savings Scheme. While also showing appreciation to customers for their patronage,…