Banking Business Archives — Page 7 of 9

March 28, 2021 No Responses

FirstBank Reiterates Commitment To Women Empowerment

First Bank of Nigeria Ltd. has reinforced commitment to women empowerment with ‘FirstGem’ for economic growth and development. In a statement on Saturday, FirstBank Deputy Managing Director, Mr Francis Shobo, explained that the bank seeks to drive financial development and...

March 24, 2021 No Responses

Ecobank Group Declares N641.8b Revenue, N33.7b Profit In 2020

For the financial year ended December 31, 2020, Ecobank Group attained N641.8 billion revenue, representing nine per cent increase compared with N586.9b posted in the corresponding period of 2019. Audited report submitted to the Nigeria Stock Exchange (NSE) on...

March 17, 2021 No Responses

Zenith Bank Shareholders Okay N94.19b Total Dividend For 2020

Shareholders of Zenith Bank Plc, on Tuesday, approved proposed final dividend of N2.70 per share, bringing total dividend for the 2020 financial year to N3 per share, amounting to N94.19 billion. According to th...

March 9, 2021 No Responses

First Bank Rewards Customers With Extra N5 For Every Dollar Received

First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider is rewarding customers with N5 for every dollar received through foreign remittances. A statement explained that the N5 for a dollar incentive is paid to FirstB...

March 9, 2021 No Responses

UBA Strengthens E-Banking With New Mobile App

Pan African financial institution, United Bank for Africa (UBA), Plc is set to change the face of digital banking services with its new mobile banking app aimed at delivering first-rate services to customers. A statement explaine...

March 8, 2021 No Responses

FirstBank Unveils First SME Account

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced its SME specific accounts designed to reinforce the Bank’s role in putting SME’s at an advantage whilst contributing to national growth and ...

March 2, 2021 No Responses

Greenwich Merchant Bank Appoints Bayo Rotimi MD/CEO

Greenwich Merchant Bank Limited, financial services provider with focus on high-end financial products and services to select clientele in targeted sectors of the economy and with operations covering Corporate Banking, Private Banking, Investment Banking, Asse...

February 27, 2021 No Responses

CBN Tasks Bank CEOs, Others To Reset Economy

The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele, has urged Bank Chief Executive Officers and other stakeholders to work together to reset the Nigerian economy to achieve massive growth. Emefiele gave the advice at a one-day...

February 19, 2021 No Responses

SEC Nigeria Urges Senior Bankers To Mentor Younger Generation

The Director General of the Securities and Exchange Commission, Malam Lamido Yuguda, has urged senior bankers to mentor the younger generation so as to ensure sustainability, safety and soundness of the banking and finance industry. Lamido...

February 15, 2021 No Responses

Fidelity Bank Issues N41.2b Tier II Local Bonds

Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at 8.5 per cent coupon rate due 2031. In a statement on Sunday, Fidelity Bank Chairman, Mr Mustapha Chike-Obi, explained that the bond issuance...

February 10, 2021 No Responses

Polaris Bank Rewards First Millionaire, Others In ‘Save & Win’ Promo

Mr Lucky Okunzuwa, a customer with the Polaris Bank, Akpakpava branch, Benin, Edo State, has emerged as the first millionaire at the maiden draw of the bank’s ongoing nationwide Save & Win promo. The bank in a statement on Tuesday...

February 9, 2021 No Responses

Ecobank Nigeria Introduces Money Transfer Via SMS, WhatsApp

Ecobank Nigeria says its customers are now able to transfer funds by email, SMS and Whatsapp – new features available on the Bank’s Mobile App. A statement issued by the Bank quoted Olukorede Demola-Adenyi, Head, Co...

February 4, 2021 No Responses

Experts Task CBN On Open Banking Regulation

Partner and Lead, Digital Transformation, KPMG, Mr Boye Ademola, on Wednesday called on the Central Bank of Nigeria (CBN) to initiate a policy on open banking in Nigeria to transform the sector. Ademola made the call during a virtual panel...

January 31, 2021 No Responses

FBN Holdings Announces New Board Members

FBN Holdings Plc has announced the appointments of Mr Seni Adetu and Mrs Juliet Anammah as Independent Non-Executive Directors. The company also appointed Mr Otu Hughes as a Non-Executive Director. In a statement, Group Chairman of FBN Holdings, Dr...