4 Nigerian Banks Named Among Top 500 Global Ranking Brands.

Ngeria continues to chart economic growth course as the Banker magazine of Financial Times Group in conjunction with Brand Finance, London, United Kingdom, has named four Nigerian banks on its latest Brand Finance Banking 500 ranking. Brand Finance used the “relief from royalty” approach, which values the brand in relation to the royalty rate that would be payable for its use, were it owned by a third party, the Top 500 Banking Brands report indicated, adding that the method is recognized by courts and tax authorities.
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Reps To Check Banks’ ‘Target’ Mandate On Staff.

The House of Representatives on Tuesday, mandated its Committee on Banking and Currency to investigate alleged unwholesome practices of unrealistic targets commercial banks gave to their employees.The house said that it planned to put an end to the practice.
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UBA Contactless Cards Set Off A Revolution In Card Payments In Nigeria

Phillips Oduoza Group Managing Director – CEO UBA Plc
The leading financial services institution in digital banking offerings in Nigeria, and across Africa, United Bank for Africa (UBA) Plc is changing the payments landscape in Nigeria with the introduction of contactless payment cards. The contactless payment cards offer UBA customers an easier and more convenient hassle-free way to pay for goods and services.
It is the latest innovation from the digital banking division of pan-African financial services UBA, which has built its competitive edge around offering the very latest in convenient banking options to its customers.
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CBN Officially Bans Foreign Currency Cash Deposits In Nigeria Banks.

The Central Bank of Nigeria (CBN) has officially barred banks in the country from accepting foreign currency cash deposits into customers’ domiciliary accounts.

The directive was contained in a circular issued by the CBN on Wednesday and signed by the director of trade and exchange, Olakanmi Gbadamosi.

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Diamond, Skye, Fidelity, Sterling Banks Begin Publication Of Chronic Debtors.

Some Deposit Money Banks on Monday (today) have commenced the publication of the names of their delinquent debtors, with 269 companies and a few individuals owing four of the banks N70.51bn, The Punch newspaper has reported.
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