E-Financial
Diamond Bank Flagship Branch Debuts

Diamond Bank Plc has, again, raised the bar in customer service delivery in the financial services sub-sector, with the opening to customers of its multi-purpose banking center at Ajose Adeogun Street, Victoria Island, Lagos.
The ultra-modern branch, a four-storey complex, is structured to deliver twenty-four-seven full banking services to customers, and is fitted with world-class facilities like e-centre for electronic financial transactions, lounge for exclusive banking, Internet access for Internet banking among others.
All the bank’s different categories of financial services; private banking, corporate banking, retail banking etc are available in the newly-launched branch.
Speaking at the opening ceremony, Dr. Alex Otti, group managing director/chief executive officer said, the bank has projected further into the future of banking in Nigeria by developing the edifice that can conveniently serve all the categories of customers of the bank.
“Diamond Bank has gone into the future to develop a holistic banking hall that can serve all the needs of customers. The branch has the following facilities; an e-center for electronic financial transactions, a lounge for exclusive banking amongst others. It is a new generation branch where customers’ interests are best served. Diamond Bank has brought tomorrow’s bank to her customers today.”
Some of the bank’s high-profile customers that graced the occasion expressed their excitement at the innovation by the bank, adding that the futuristic nature and customer centric approach adopted by the bank would make it the toast of customers.
Engineer Mutiu Sunmonu, managing director, Shell Petroleum Development Company of Nigeria Limited (SPDC) noted that by creating and launching the branch, Diamond Bank has actually peeped into the future and solved problems that the current banking services generates for customers.
“This for me is a dream come true. I have been looking forward to banking being done in the most modern manner and what I am seeing here gives me joy. It shows that banking in Nigeria is really transforming and improving in their quality offering. I want to thank Diamond Bank for leading this revolution.”
Reiterating Sunmonu, Chief Ephraim Faloughi, chairman, Sovereign Trust Insurance Plc, a long-standing customer of the bank, stated that the flagship branch has become a prototype of banking hall, which should be considered as a minimum standard in the country’s banking industry.
“The bank has shown that the banking hall needs to be comfortable for the customers. The bank can be described as the next generation bank. The branch can be described as a model corporate one-stop shop for all financial services.”
Other personalities that graced the occasion included Chief Mrs. Stella Okoli, chairperson, Emzor Pharmaceuticals Nigeria Limited; Mrs Uju Ifejika, managing director, Brittanica-U Nigeria Limited among others.
E-Financial
Kuda Bank Teams Up with Lovers & Frnds for Inclusive Valentine’s R&B Bash

Kuda Microfinance Bank partnered with Lovers & Frnds for a Valentine’s edition event on Sunday, February 15, at Space Hub Lekki, Lagos, redefining celebrations around love, friendship, and social connections beyond romance.

Kuda Bank
The R&B-themed gathering drew couples, friend groups, and solo attendees with music sets from DJs like TGarbs, games, gift exchanges, and colour-coded tags—red for relationships, yellow for mingling singles, orange for non-minglers—to spark easy interactions.
Kuda activated a branded photo booth, merchandise giveaways, prize activities, and complimentary drinks for Premium loyalty tier customers, while vendors used Kuda Business POS terminals for seamless cashless payments.
Senior Brand Manager Emmanuel Femi-Adejobi said: “We partner with experiences matching our customers’ lifestyles in music and entertainment, creating spaces they genuinely connect with—we’ll keep supporting how they live and celebrate.”
E-Financial
CBN Slashes Rate by 50bps

By Mathew Anthony, Market Analyst at FXTM
In another positive development for Nigeria, the CBN has proceeded with 50-basis points rate cut.

FXTM Logo
With favourable fundamental forces at play, it was always a question of how much rather than if rates will be cut in February.
Although some were expecting a hefty 100-basis point cut, this was still a positive move by the CBN, mirroring the dovish strategy of other major banks on the continent.
Interest rates were slashed thanks to cooling inflationary pressures, a stronger Naira and rising FX reserves.
This move is likely to boost confidence over the economic outlook ahead of the Q4 GDP report scheduled for release later this month.
E-Financial
CBN Cuts MPR by 50bps to 26.50% as Inflation Eases for 11th Month

Central Bank of Nigeria (CBN) has lowered its Monetary Policy Rate (MPR) by 50 basis points to 26.50 percent from 27 percent, a unanimous decision announced by Governor Olayemi Cardoso at the end of the 304th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday.

CBN
Cardoso cited 11 straight months of decelerating headline inflation—reaching 15.10 percent in January 2026 per National Bureau of Statistics—as key, driven by prior tightening lags, naira stability, food supply gains, steady petroleum prices, export earnings, remittances, and balance of payments strength.
Liquidity ratio stays at 30 percent, CRR unchanged at 45 percent for commercial banks (16 percent merchant banks) and 75 percent non-TSA public deposits; standing facilities corridor now +50/-450 basis points around MPR.
The MPC retained other parameters, welcoming Executive Order 09 redirecting oil/gas revenues to the federation account for fiscal boost, last cutting rates in September 2025 after November’s hold.
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