Banking Business Archives — Page 2 of 9

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 the...

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...

December 24, 2021 No Responses

Ecobank Partners ICA, Pledges Support For Enhanced Credit Practice In Nigeria

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has stated the readiness of the bank to partner with the Institute of Credit Administration (ICA) to create a reliable and enhance credit practice in the country. Speaking during an o...

December 24, 2021 No Responses

Fidelity Bank Excites Ten Customers With N10m Across Six Geo-Political Zones

Christmas came early for Habib Isiaka, a Lagos-based panel beater–as he received the sum of N1million having emerged one of the 10winners in the first monthly draw in the Fidelity BankGet Alert in Millions Season 5 (GAIM 5) campaign. Habib,...

December 21, 2021 No Responses

Winners Emerge In Fidelity Bank’s GAIM Season 5 Draw

As part of measures to enhance savings culture, Fidelity Bank Plc has announced the first set of millionaires from its recently launched fifth season of its savings promo, “Get Alert in Millions (GAIM 5)”. Opening the live draw event, which...

December 17, 2021 No Responses

Access Bank Shareholders Approve Holdco Structure

Shareholders of Access Bank Plc have unanimously approved the bank’s proposed reorganisation into a Holding Company (Holdco) to be known as Access Holding Plc. The shareholders gave the approval at the bank’s Court- Ordered Meeting on Thursday in Lag...

December 13, 2021 No Responses

Shareholders Seek Reduction In Banks’ Mandatory Cash Reserve Ratio

Members of Independence shareholders Association of Nigeria (ISAN) have criticised hike in banks’ mandatory Cash Reserve Ratio (CRR). In a statement on Sunday, ISAN’s founder, Sir Sunny Nwosu, urged the Central Bank of Nigeria (CBN) to reduce t...

December 9, 2021 No Responses

Ecobank Group Explains N104.51b Profit In Nine Months

For the nine months ended September 30, 2021, Ecobank Transnational Incorporated (ETI) has announced Profit after tax of N104.51billiion, an increase of 916 per cent when compared with N10.28billion reported within same period in 2020. According to ...

December 7, 2021 No Responses

FBN Holdings Reports N427b Gross Earnings, N40.9b Profit In Nine Months

By Moses Ebosele, ebosele@hotmail.com — For the nine months ended September 30, 2021, FBN Holdings Plc has declared &nbs...

December 2, 2021 No Responses

Polaris Bank Reaffirms Support For SMEs, Sponsors 2021 Fashion Souk

Polaris Bank has reaffirmed its commitment to the promotion and growth of Small and Medium Enterprises (SMEs), especially those operating in the fashion industry in Nigeria.This position was emphasized in a statement issued by the Bank while disclosing plans t...

December 2, 2021 No Responses

UBA Group Dominates 2021 Banker Awards, Wins ‘African Bank of The Year’

United Bank for Africa (UBA) Plc yet again, reaffirms its leadership position across Africa, as the bank has been globally recognised as the African Bank of the year 2021 by the Banker Magazine, a leading global finance news publication published...