Banking Business – Page 4 – City Business News

September 17, 2021 No Responses

Union Bank Appoints Aisha Abubakar Non-Executive Director

The Board of Directors, Union Bank of Nigeria has announced the appointment of Ms Aisha Abubakar as an Independent Non-Executive Director, effective Sept. 9., 2021 The Chair, Board of Directors, Mrs Beatrice Hamza Bassey, disclosed in a notice posted on...

September 15, 2021 No Responses

UBA’s Half-Year Profit Grows By 33% To N76.2b

The United Bank for Africa (UBA) Plc has announced its audited half-year financial results for the half-year ended June 30, 2021, showing impressive growth across all major income lines and performance indicators. The pan African financial institution deliv...

September 14, 2021 No Responses

FirstBank Gets Global Finance Award

First Bank of Nigeria Ltd has won the Global Finance ‘Private Bank of the Year 2021’ award. The Deputy Managing Director of the bank, Mr Gbenga Shobo, in a statement on Monday explained that the bank was bestowed the award...

September 9, 2021 No Responses

CBN Tasks Banks, Others On Bulk Payment

The Central Bank of Nigeria (CBN) has directed commercial banks and Payment Service Providers (PSPs) in the country to improve on all bulk payments and transfers systems to ensure transparency. Mr Jimoh Musa, CBN’s Director, Payment System Management D...

September 7, 2021 No Responses

Stanbic IBTC Records 50.13% Drop In Profit

Stanbic IBTC Holdings Plc on Monday posted a profit before tax (PBT) of N24.70 billion for the six months ended June 30, 2021. This was stated in the bank’s consolidated and separate interim financial statements signed by the Company Secretary,...

September 4, 2021 No Responses

LOTUS Bank Opens Three New Branches

Third Non-Interest Bank (NIB) in Nigeria, LOTUS Bank Limited has commenced operations in three new locations in Lagos State. Managing Director of LOTUS Bank, Mrs Kafilat Araoye, in a statement on Friday explained that with the ...

September 4, 2021 No Responses

Sterling Bank Unveils Free Banking Services For NGOs

As part of measures to empower non-profit organisations in Nigeria, Sterling Bank Plc has unveiled Sterling CARES, a free banking service for Non-Governmental Organisations (NGOs). A statement issued on Friday by the Chief Executive Officer of Sterling One Fou...

September 3, 2021 No Responses

Access Bank Declares N86.93b Profit In Six Months

For the six months ended June 30, 2021, Access Bank Plc has reported Profit After Tax (PAT) of N86.93 billion, against N61.03 billion in the comparative period of 2020. The bank’s interim financial statement signed by the Company Secretary,...

August 29, 2021 No Responses

Unity Bank Photo News

L – R: Executive chairman, Borno SUBEB, Dr Shettima Bukar Kullima, Zonal Head, North East and Jigawa, Mr Mustapha Mohammed, Governor of Borno State, Prof Babagana Umara Zulum, Zonal Head, Abuja and North Central, Mr Nuruddin Mohammed Bashir and Chief...

August 28, 2021 No Responses

Zenith Bank’s Profit Grows By 2.6% In Six Months

Zenith Bank Plc has posted a profit before tax (PBT) of N117.05 billion for six months as of June 30, against N114.12 billion achieved in the comparative period of 2020. This was stated in the company’s interim report signed by...

August 25, 2021 No Responses

CBN’s Approval Delays Stanbic IBTC H1 Result

Stanbic IBTC Holdings Plc on Tuesday explained the delay in the release of its half-year audited result for the period ended July 31, 2021. Company Secretary, Mr Chidi Okezie in a notice posted on the website of the Nigerian Exchange...

August 17, 2021 No Responses

Unity Bank Corpreneurship Challenge Produces 30 More Winners

A total of thirty members of the National Youth Service Corps, NYSC, have won cash prizes and business grants totaling N10 million in the 6th edition of the expanded Unity Bank flagship business plan competition known as Corpreneurship Challenge. &n...

August 13, 2021 No Responses

Access Bank Unveils DiamondXtra Season 13, To Reward Customers With N600m

Access Bank Plc on Thursday unveiled DiamondXtra Season 13 savings promo to reward loyal customers with N600 million. The bank’s Executive Director, Retail Banking, Mr Victor Etuokwu, said at the launch in Lagos that the initiative was instituted to en...

August 9, 2021 No Responses

FirstBank Lifts FirstMonie Agents With N100b Loan

First Bank Nigeria has been at the forefront of promoting financial inclusion in the country, impacting Nigerians, regardless of their locations nationwide. The Bank currently has over 120,000 Firstmonie Agents spread across 772 Local Government Ar...