Banking – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Fri, 29 May 2026 12:48:46 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Banking – InfoStride News https://www.theinfostride.com 32 32 Polaris Bank Strengthens Customer Experience, Expands Environmental Sustainability Drive https://www.theinfostride.com/polaris-bank-strengthens-customer-experience-expands-environmental-sustainability-drive/ https://www.theinfostride.com/polaris-bank-strengthens-customer-experience-expands-environmental-sustainability-drive/#respond Fri, 29 May 2026 12:50:26 +0000 https://www.theinfostride.com/?p=474335 Polaris Bank has reinforced its commitment to delivering improved customer experience while scaling up its environmental sustainability initiatives, as part of efforts to align business growth with responsible banking practices. The bank said the dual focus reflects its strategy to enhance service delivery, deepen customer trust and contribute meaningfully to environmental protection and sustainable development. [...]

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]]> https://www.theinfostride.com/polaris-bank-strengthens-customer-experience-expands-environmental-sustainability-drive/feed/ 0 Alumni deepen ties with Ecobank Nigeria https://www.theinfostride.com/alumni-deepen-ties-with-ecobank-nigeria/ https://www.theinfostride.com/alumni-deepen-ties-with-ecobank-nigeria/#respond Sat, 09 May 2026 13:51:45 +0000 https://www.theinfostride.com/?p=483370 Alumni associations across Nigeria are strengthening collaborative relationships with Ecobank Nigeria as part of broader efforts to expand networking opportunities, improve financial access, and support community development initiatives. The growing partnership between alumni groups and the financial institution reflects the increasing role of organized associations in driving economic engagement, entrepreneurship, and social impact. Industry observers [...]

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]]> https://www.theinfostride.com/alumni-deepen-ties-with-ecobank-nigeria/feed/ 0 Moniepoint commits to deepening financial inclusion https://www.theinfostride.com/moniepoint-commits-to-deepening-financial-inclusion/ https://www.theinfostride.com/moniepoint-commits-to-deepening-financial-inclusion/#respond Wed, 06 May 2026 11:08:16 +0000 https://www.theinfostride.com/?p=483147 Nigeria’s digital finance landscape continues to expand as Moniepoint Inc has reaffirmed its commitment to deepening financial inclusion across underserved communities. The fintech firm says its strategy is focused on expanding access to banking services, improving digital payment infrastructure, and supporting small businesses that remain outside the formal financial system. Financial inclusion remains a major [...]

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]]> https://www.theinfostride.com/moniepoint-commits-to-deepening-financial-inclusion/feed/ 0 KPMG Urges Nigerian Banks to Prepare for Open Banking Revolution https://www.theinfostride.com/kpmg-urges-nigerian-banks-to-prepare-for-open-banking-revolution/ https://www.theinfostride.com/kpmg-urges-nigerian-banks-to-prepare-for-open-banking-revolution/#respond Sat, 02 Aug 2025 07:05:11 +0000 https://www.theinfostride.com/?p=463762 KPMG Nigeria has called on financial institutions across the country to accelerate their readiness for open banking, warning that the shift towards data-driven financial services is no longer optional but an imminent and transformative development. In a statement released on Monday, the global consulting firm emphasized that the successful implementation of open banking will redefine [...]

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]]> https://www.theinfostride.com/kpmg-urges-nigerian-banks-to-prepare-for-open-banking-revolution/feed/ 0 Tighter credit conditions expected as CBN’s deadline for capital recapitalization expires https://www.theinfostride.com/tighter-credit-conditions-expected-as-cbns-deadline-for-capital-recapitalization-expires/ https://www.theinfostride.com/tighter-credit-conditions-expected-as-cbns-deadline-for-capital-recapitalization-expires/#respond Mon, 14 Jul 2025 14:13:06 +0000 https://www.theinfostride.com/?p=461964 As the Central Bank of Nigeria’s (CBN) deadline for capital restoration quietly lapses, financial analysts and banking insiders are warning of a looming period of tighter lending conditions across the country. The apex bank’s capital adequacy directive, which required several banks to shore up their balance sheets and restore minimum capital levels, is likely to [...]

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]]> https://www.theinfostride.com/tighter-credit-conditions-expected-as-cbns-deadline-for-capital-recapitalization-expires/feed/ 0 Banking Sector in 2024: Recapitalization, Regulatory Changes, and Record Profits https://www.theinfostride.com/banking-sector-in-2024-recapitalization-regulatory-changes-and-record-profits/ https://www.theinfostride.com/banking-sector-in-2024-recapitalization-regulatory-changes-and-record-profits/#respond Mon, 13 Jan 2025 10:12:48 +0000 https://www.theinfostride.com/?p=400417 The Nigerian banking sector navigated a transformative 2024, marked by significant recapitalization, stringent regulatory measures, and impressive profitability across the board. These developments underscored the sector’s resilience amid economic challenges and its adaptability to evolving financial landscapes. One of the year’s highlights was the recapitalization drive initiated by the Central Bank of Nigeria (CBN). Banks [...]

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]]> https://www.theinfostride.com/banking-sector-in-2024-recapitalization-regulatory-changes-and-record-profits/feed/ 0 Wema Bank’s Managing Director Advocates for Banking Excellence https://www.theinfostride.com/wema-banks-managing-director-advocates-for-banking-excellence/ https://www.theinfostride.com/wema-banks-managing-director-advocates-for-banking-excellence/#respond Wed, 30 Oct 2024 16:05:29 +0000 https://www.theinfostride.com/?p=392692 The Managing Director of Wema Bank, Moruf Oseni, has called for a renewed commitment to excellence within the banking sector, emphasizing the need for innovation, customer-centric services, and robust risk management practices. In his recent remarks, Oseni outlined a vision for the future of banking that aligns with evolving market dynamics and the growing expectations [...]

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]]> https://www.theinfostride.com/wema-banks-managing-director-advocates-for-banking-excellence/feed/ 0 Banking Stocks Soar to N7.91 Trillion Market Cap as Nigerian Banks Brace for New Recapitalization Round https://www.theinfostride.com/banking-stocks-soar-to-n7-91-trillion-market-cap-as-nigerian-banks-brace-for-new-recapitalization-round/ https://www.theinfostride.com/banking-stocks-soar-to-n7-91-trillion-market-cap-as-nigerian-banks-brace-for-new-recapitalization-round/#respond Mon, 28 Oct 2024 22:26:41 +0000 https://www.theinfostride.com/?p=392318 Nigeria’s banking sector has witnessed a surge in its market capitalization, reaching an impressive N7.91 trillion. This milestone comes amid ongoing discussions around a fresh round of recapitalization for the country’s financial institutions, aimed at bolstering the industry’s resilience and aligning it with global banking standards. As the recapitalization process looms, market analysts, industry stakeholders, [...]

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]]> https://www.theinfostride.com/banking-stocks-soar-to-n7-91-trillion-market-cap-as-nigerian-banks-brace-for-new-recapitalization-round/feed/ 0 Banking stocks drag NGX to second consecutive week of losses https://www.theinfostride.com/banking-stocks-drag-ngx-to-second-consecutive-week-of-losses/ https://www.theinfostride.com/banking-stocks-drag-ngx-to-second-consecutive-week-of-losses/#respond Sun, 14 Apr 2024 22:09:34 +0000 https://www.theinfostride.com/?p=375695 The NGX continued its bearish trajectory for the second consecutive week as the market recorded a 1.09% decline during the week ending April 12, 2024, to close at 102,314.56 points from the previous week’s 103,437.67 points.   Equities also lost N613 billion, as the NGX closed the week with a market cap of N57.865 trillion, representing [...]

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]]> https://www.theinfostride.com/banking-stocks-drag-ngx-to-second-consecutive-week-of-losses/feed/ 0 Bullish Momentum Returns as Banking Stocks Spark Renewed Interest in Positive Stock Market Closure https://www.theinfostride.com/bullish-momentum-returns-as-banking-stocks-spark-renewed-interest-in-positive-stock-market-closure/ https://www.theinfostride.com/bullish-momentum-returns-as-banking-stocks-spark-renewed-interest-in-positive-stock-market-closure/#respond Tue, 12 Mar 2024 17:33:15 +0000 https://www.theinfostride.com/?p=372845 In a significant turnaround, the stock market witnessed a positive closure as banking stocks surged, attracting renewed interest from investors. The bullish momentum in the banking sector contributed to overall market optimism, signaling potential economic recovery and renewed confidence among market participants. **Key Highlights:** 1. **Banking Sector Rally:** The standout feature of the positive market [...]

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]]> https://www.theinfostride.com/bullish-momentum-returns-as-banking-stocks-spark-renewed-interest-in-positive-stock-market-closure/feed/ 0 Nigerian banks begin N6.98 deduction on USSD transactions https://www.theinfostride.com/nigerian-banks-begin-n6-98-deduction-on-ussd-transactions/ https://www.theinfostride.com/nigerian-banks-begin-n6-98-deduction-on-ussd-transactions/#respond Sun, 06 Jun 2021 21:19:17 +0000 https://www.theinfostride.com/?p=296265 Bank customers using the unstructured supplementary service data (USSD) payment channels will now pay a flat fee of N6.98 per transaction — replacing the current N4.89 session billing structure. Deposit Money Banks (DMBs) on Friday commenced the implementation of the new charges. The implementation of the new billing structure comes more than two months after [...]

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]]> https://www.theinfostride.com/nigerian-banks-begin-n6-98-deduction-on-ussd-transactions/feed/ 0 Mobile & Payments Related Banking Frauds Must Be Eradicated – Adebisi Shonubi https://www.theinfostride.com/mobile-payments-related-banking-frauds-must-be-eradicated-adebisi-shonubi/ Wed, 15 Aug 2018 14:56:15 +0000 https://www.theinfostride.com/?p=213499 The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday said the banking industry lost the sum of N12.30 billion to various frauds between 2014 and 2017. Mr Adebisi Shonubi, Managing Director, NIBBS, disclosed this at the third Annual Banking Security Summit organised by MAXUT Consulting in partnership with OneSpan, a global data security company in Lagos. [...]

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]]> The Banking Industry Lost N12.30 billion To Fraud In 3 Years – Adebisi Shonubi https://www.theinfostride.com/the-banking-industry-lost-n12-30-billion-to-fraud-in-3-years-adebisi-shonubi/ Sun, 12 Aug 2018 10:42:01 +0000 https://www.theinfostride.com/?p=213276 The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday said the banking industry lost the sum of N12.30 billion to various frauds between 2014 and 2017. Mr Adebisi Shonubi, Managing Director, NIBBS, disclosed this at the third Annual Banking Security Summit organised by MAXUT Consulting in partnership with OneSpan, a global data security company in Lagos. [...]

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]]> Accessing Bank Account Through Websites In Decay As Portable Apps Assume Control https://www.theinfostride.com/accessing-bank-account-websites-decay-portable-apps-assume-control/ Mon, 25 Jul 2016 20:21:51 +0000 http://www.theinfostride.com/?p=137441 The use of mobile apps to bank is growing fast and fewer people use the internet to handle their financial affairs Mobile banking apps are driving development in advanced as purchasers progressively get to administrations through applications on cell telephones as opposed to through web keeping money sites, as indicated by figures from the British [...]

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]]> CBN Governor Godwin Emefiele Allays Banks’ Liquidity Fears Over Treasury Single Account Implementation https://www.theinfostride.com/cbn-governor-godwin-emefiele-allays-banks-liquidity-fears-over-treasury-single-account-implementation/ Fri, 18 Sep 2015 14:48:51 +0000 http://www.theinfostride.com/?p=99772 There is rising tension in Nigeria’s banking industry over the implementation of the Treasury Single Account (TSA). However, the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged banks in the country not to panic. In an interview with Reuters yesterday, the CBN boss gave an assurance that he was ready to inject [...]

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]]> Stakeholders Praise MorganCapital On Ekiti State N5bn Bond https://www.theinfostride.com/stakeholders-praise-morgancapital-on-ekiti-state-n5bn-bond/ Tue, 07 Jan 2014 20:00:04 +0000 http://www.theinfostride.com/?p=8786 Commended MorganCapital Group, one of leading investment banking and securities dealing firms in the country for its crucial role in ensuring the success of the second tranche of the Ekiti State N25 billion bond raising programme. . The state had raised N20 billion in the first tranche in 2012, while the second tranche involving N5 [...]

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]]> Bob Diamond returns to the City with launch of new Africa banking business https://www.theinfostride.com/bob-diamond-returns-to-the-city-with-launch-of-new-africa-banking-business/ Tue, 10 Dec 2013 13:48:57 +0000 http://www.theinfostride.com/?p=4268 Banker ousted from Barclays floats £150m fund for venture in Africa, with Nigeria rumoured to be starting point for investment

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