By Emele Onu Apr 6, 2014 Diamond Bank Plc (DIAMONDB), a Nigerian lender with operations in four other West African nations, plans to boost customer deposits to offset the impact of tougher regulatory requirements on earnings. Higher cash reserve requirements imposed by the central bank crimped profit last year […]

Nigeria’s United Bank for Africa (UBA.LG) (UBA) has given pause to an aggressive expansion across the continent as it consolidates its existing operations in 19 different countries and meets commitments to fund large power projects at home, its chief executive said on Monday. Phillips Oduoza also told the Reuters Africa […]

Deposit Money Banks will need to dedicate about 22,000 of their employees to the biometric registration exercise of their customers, sources close to the project have said. According to the officials working on the project, over 20 DMBs in the country have combined branch offices of 5,500. Each of the […]