By JKNewsMedia LONG TERM value creation, financial resilience and disciplined growth remained at the centre of discussions as Access Holdings Plc assured shareholders that its strategic focus remains firmly on building a stronger and more sustainable institution despite a challenging operating environment. JKNewsMedia.com reports that speakin...
By JKNewsMedia IN ALL, 273 customers have received N17.96 million one month after the launch of Season 5 of the 5 for 5 Rewards campaign, reflecting the early impact of the refreshed customer rewards platform. JKNewsMedia.com reports that the campaign was launched on May 2, 2026, as part of the bank’s 81st anniversary celebration. In [&...
By JKNewsMedia NEW RULES governing the Bank Verification Number (BVN) system will take effect from May 1, restricting customers to using mobile banking applications on only one device at a time. JKNewsMedia.com reports that the Central Bank of Nigeria (CBN) stated that once a user logs into their account on a new phone, the previous […...
By JKNewsMedia RECORD GROWTH across key financial indicators marked the release of Wema Bank’s FY 2025 audited financial results, with profit before tax rising to N221.85bn and total assets reaching N5tn. Head, Strategy and Investor Relations, Femi Akinfolarin, and Chief Finance Officer, Bunmi Oladosu, stated in a press release, that profit b...
By JKNewsMedia FORMER DIRECTORS of the Union Bank of Nigeria (UBN) caused the institution to lose billions in losses after stealing funds, manipulating reports, hiding over N250 billion in losses, and diverted foreign loans, a media release states. According to the statement, investigators found that $300 million in foreign loans was added wi...
By Jemimah Wellington, JKNewsMedia Correspondent A NEW 7.5 percent Value Added Tax (VAT) will be applied to bank transfers and Unstructured Supplementary Service Data transactions, following notices issued to customers by Nigerian banks including Moniepoint. The customer notice, obtained on Wednesday said the VAT charge will take effect from ...
By JKNewsMedia THE SUPREME Court has ruled in favour of Fidelity Bank in its long-running legal dispute with Sagecom Concepts Limited as a five-member panel led by Justice Lawal Garba delivered the judgment on Friday, granting key aspects of the bank’s appeal. The ruling brings definitive closure to a legacy case that has attracted attention ...
By JKNewsMedia CUSTOMER ENGAGEMENT and business growth took centre stage last week as Polaris Bank hosted a Global Trade Forum in Ibadan, drawing key stakeholders and clients from across the South-West to explore new opportunities and deepen trade collaborations. The event, held last Thursday, was attended by the Bank’s Executive Director, Re...
By JKNewsMedia THOUSANDS OF Nigerians have benefitted from Union Bank of Nigeria (UBN)’s fourth edition of the Save and Win Palli Promo, which culminated in a grand finale where three customers walked away with ₦5 million each. The nationwide campaign, which launched in December 2024 and ended in May 2025, has now delivered over ₦330 [&hellip...
By JKNewsMedia CUSTOMERS USING the Unstructured Supplementary Service Data (USSD) banking services will now have charges deducted from their mobile airtime balances instead of bank accounts, following a directive from the Nigerian Communications Commission (NCC). The move enforces the NCC’s End-User Billing (EUB) model, which stipulates that n...
