Banking Business Archives — Page 6 of 9

May 7, 2021 No Responses

Shareholders Laud Sterling Bank’s 2020 Performance

Shareholders of Sterling Bank Plc have commended the board and management of the bank for the remarkable display of resilience, improved performance and returns on investment in 2020 financial year The shareholders gave the commendation at the bank’s 59th Annual...

May 5, 2021 No Responses

UBA Wins ‘Bank of the Year’ Award

Pan-African financial institution, United Bank for Africa (UBA) Plc added to its growing list of laurels at the Independent Newspaper Awards, winning the Bank of the Year. The bank was announced winner of the coveted awards at a glamorous event...

May 1, 2021 No Responses

Fidelity Bank Lists Growth Agenda As Shareholders Okay N6.4b For 2020 Dividend

The Managing Director, Fidelity Bank Plc, Mrs Nneka Onyeali-Ikpe, on Friday said the bank’s emergence as a Tier 1 financial institution by 2025 is her top priority. Onyeali-Ikpe who disclosed this on the sidelines of the bank’s 33rd ...

May 1, 2021 No Responses

Union Bank Confirms Beatrice Bassey As Board Chair

The Central Bank of Nigeria (CBN) has confirmed the appointment of Mrs Beatrice Bassey, as the substantive Chair of Union Bank of Nigeria (UBN) Plc. In a statement on Friday Union Bank explained that Bassey joined the bank’s board in 2...

April 30, 2021 No Responses

Access Bank Explains Q1 30% Increase In Profit Before Tax

Access Bank Plc has posted a profit before tax (PBT) of N60.1billion representing an increase of 30 per cent for the first quarter ended March 31. The Chief Executive Officer of the group, Mr Herbert Wigwe, disclosed in an unaudited financial....

April 29, 2021 No Responses

FirstBank Appoints Gbenga Shobo As New MD

First Bank of Nigeria Ltd. has announced the appointment of Mr Gbenga Shobo, currently the deputy Managing Director (DMD), as the Managing Director/Chief Executive Officer designate of the bank.The bank’s Chairman, Mrs Ibukun Awosika, explained in a statemen...

April 29, 2021 No Responses

Fidelity Bank Declares N10.1B Profit Before Tax In Q1

For the first quarter ended March 31, 2021, Fidelity Bank Plc has recorded improvement in its financial performance. Details of the unaudited results, released at the Nigerian Stock Exchange (NSE) show that Profit before Tax (PBT) grew by 53.9% from...

April 22, 2021 No Responses

First Bank CEO Urges Govt, Businesses To Leverage Technology, Innovation

Dr Adesola Adeduntan, Chief Executive Officer (CEO), First Bank Group, has urged government, relevant financial authorities and businesses to leverage technology and innovation for better financial inclusion and an improved Nigerian economy. Adeduntan gave the...

April 21, 2021 No Responses

CBN Urges Banks To Support Businesses Seeking Expansion

The Central Bank of Nigeria (CBN) has urged commercial banks to leverage their presence in other parts of Africa to support Nigerian businesses seeking to plant their footprints into new markets. The CBN Governor, Mr Godwin Emefiele, gave the advice...

April 16, 2021 No Responses

Citigroup To Exit Banking Operations In 13 Markets

Citigroup is closing its consumer banking operations in 13 markets across Asia, Europe and the Middle East. The US banking group will instead run these operations from four hubs in Singapore, Hong Kong, the United Arab Emirates and London. It...

April 14, 2021 No Responses

UBA Business Series To Equip SMEs With Performance Management Strategies

As part of its commitment to support the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSME) in the continent, Pan African financial Institution, United Bank for Africa (UBA) Plc, is set to organise the next edition of its...