Banking Business Archives — City Business News

April 20, 2023 No Responses

Stock Market Recover N18b

The stock market on Wednesday recorded a positive position, gaining N18 billion to close at N27.871 trillion from the N27.852 trillion posted on Tuesday. Also, the All-Share Index rose by 39.49 points, representing an increase of 0.08 per cent to...

February 15, 2023 No Responses

TAJBank Lists 1st Corporate Sukuk Bond On NGX

TAJBank Ltd., Nigeria’s foremost non-interest bank, on Tuesday listed its Sukuk Bond on the floor of the Nigerian Exchange (NGX). The bank listed N10 billion Mudarabah Sukuk issuance after it successfully raised over N11.4 billion under its N100 billio...

January 31, 2023 No Responses

UBA Appoints Abiola Bawuah As First Female CEO For Africa Operations

The Board of Directors ,United Bank for Africa (UBA)Plc on Monday announced the appointment of Mrs. Abiola Bawuah as Chief Executive Officer (CEO) of UBA Africa. UBA in a statement explained that Bawuah will also...

December 12, 2022 No Responses

CVFF: UBA, Zenith Bank, Union Bank, Others To Disburse N16b, $350m

Five Banks have been selected for the disbursement of Cabotage Vessel Financing Fund (CVFF). The Banks are: United Bank for Africa (UBA), Zenith Bank, Union Bank of Nigeria, Polaris Bank and Jaiz Bank. Minister of Trans...

September 28, 2022 No Responses

Union Bank Partners WACOT Rice On Financial Inclusion For Smallholder Farmers In Kebbi

As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State. The Keb...

September 28, 2022 No Responses

Sterling Positions For Expansion With New Structure

With the unanimous support received from its shareholders, Sterling Bank, soon to be known as Sterling Financial Holdings Company, is firmly positioned to expand its financial services footprint from traditional banking and deliver more value to its shareholde...

August 6, 2022 No Responses

100 Ecobank Customers Win N50,000 Each

Ecobank Nigeria has announced the names of 100 customers who are the first set of lucky winners in the super Rewards season 3 campaign monthly draw with an N50,000 cash prize each. The Super Rewards Campaign is a customer-focused initiative designed...

June 30, 2022 No Responses

Fitch Upgrades Fidelity Bank’s Issuer Default Rating From ‘B-’ To ‘B’

Fitch Ratings has upgraded Fidelity Bank Plc’s long-term issuer default rating (IDR) from ‘B-’ to ‘B’, reflecting the bank’s increased creditworthiness. The rating agency also upgraded Fidelity’s National Long-Term Rating to ‘A(nga)’ from ‘...

May 30, 2022 No Responses

2021: TAJBank Reports 433 Per Cent Increase In PBT

TAJBank Limited, the second non-interest bank, recorded more milestones in its second year of operations with its profit before tax (PBT) surging to N1.6 billion in FY2021, representing 433% improvement over the preceding year’s profit. This is even as...

January 28, 2022 No Responses

CBN Reduces Charges On Electronic Transactions

The Central Bank of Nigeria (CBN) has announced a downward review of charges for electronic banking transactions in its revised guidelines to charges by Banks, Other Financial Institutions (OFIs) and Non-Bank Financial Institutions. A circular by Chibuzor...

December 30, 2021 No Responses

Coronation Merchant Bank Unveils Podcast Series

Coronation Merchant Bank has announced plans to launch its podcast series on December 31, 2021 which will cover economic and market development trends. In a statement on Wednesday, Managing Director/Chief Executive Officer, Coronation Merchant Bank, Mr B...

December 30, 2021 No Responses

Ecobank Nigeria: A Journey To The Top

The journey to position Ecobank as one of the top three banks in the country is fast gaining traction and recognition. The Nigerian franchise of the Pan-African financial institution, Ecobank Transnational Incorporated (ETI) is making good its miss...

December 28, 2021 No Responses

Access Bank CEO Discusses Expansion Plans

In an interview on CNN’s First Move with Julia Chatterley, Access Bank CEO Herbert Wigwe discussed the company’s expansion plans in Africa and beyond, balancing needs with digitization, and Access Bank’s efforts to provide financial s...