Tag: Banking Industry

CBN Revokes licences Of 132 Microfinance Banks
May 24, 2023 No Responses

CBN Revokes licences Of 132 Microfinance Banks

The Central Bank of Nigeria  (CBN), on Tuesday, revoked the operating licenses of 132 microfinance banks and those of four primary mortgage banks and three finance companies. This was disclosed in the official gazette of the Federal Government, which was...
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Fidelity Bank CEO, Nneka Onyeali-Ikpe Bags Banker Of The Year Award 
February 3, 2023 No Responses

Fidelity Bank CEO, Nneka Onyeali-Ikpe Bags Banker Of The Year Award 

Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe has been presented the award of the Banker of the Year 2022 at the 14th Leadership Annual Conference and Awards.  Organized by Leadership Media Group, publishers of...
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CVFF: UBA, Zenith Bank, Union Bank, Others To Disburse N16b, $350m
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...
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Unity Bank Bags CBN Award
October 8, 2022 No Responses

Unity Bank Bags CBN Award

Unity Bank Plc has received an Award of Recognition for emerging as the “Best Bank in Customer Complaint Resolution 2021” recently at the Kano Central Bank of Nigeria/Banker’s Committee event held to uphold quality customer service culture in the banking...
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Sterling Positions For Expansion With New Structure 
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...
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CBN, Bankers’ Committee To Unveil Non-Oil Export Optimisation Framework 
June 15, 2022 No Responses

CBN, Bankers’ Committee To Unveil Non-Oil Export Optimisation Framework 

The Central Bank of Nigeria (CBN) has developed a comprehensive non-oil export optimisation framework, which would be launched at its maiden summit on non-oil exports on June 16.  The Director, Corporate Communications Department, CBN, Mr Osita Nwanisobi,...
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Banking Industry: Emefiele Pushes For More Women In Top Positions
March 18, 2022 No Responses

Banking Industry: Emefiele Pushes For More Women In Top Positions

Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Thursday, said that the bank had issued gender-mandated regulations to pave way for gender diversity and inclusiveness at the top management levels in the banking industry.  Emefiele made t...
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Coronation Merchant Bank Unveils Podcast Series
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...
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Ecobank Wins Big At BAFI Awards
November 16, 2021 No Responses

Ecobank Wins Big At BAFI Awards

Ecobank Nigeria was the cynosure of all eyes at the prestigious Banks and Other Financial Institutions’ (BAFI) Awards 2021 held in Lagos at the weekend. At the keenly contested awards, Ecobank Nigeria emerged winner of the “Market Confidence and Capita...
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CBN, NDIC, UBA, Unity Bank, Heritage Bank, Others Support FICAN At 30
September 19, 2021 No Responses

CBN, NDIC, UBA, Unity Bank, Heritage Bank, Others Support FICAN At 30

Banking and Finance stakeholders are set to converge at the 2021 Annual Conference and 30th-anniversary celebration of the Finance Correspondents Association of Nigeria (FICAN). The Nigeria Deposit Insurance Corporation (NDIC) Securities and Exchange Commissi...
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Stanbic IBTC Records 50.13% Drop In Profit
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,...
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CBN’s Approval Delays Stanbic IBTC H1 Result
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...
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FBN Holdings posts N38.1b Profit In Half-Year
July 31, 2021 No Responses

FBN Holdings posts N38.1b Profit In Half-Year

For the half year ended June 30, 2021, FBN Holdings Plc has declared  Profit after tax (PAT) of N38.1 billion against N35.6 billion posted in the corresponding period of 2020, indicating an increase of 6.9 per cent.   In a statement...
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Fidelity Bank Unveils 7-Point Growth Agenda
July 11, 2021 No Responses

Fidelity Bank Unveils 7-Point Growth Agenda

By Moses Ebosele, ebosele@hotmail.com  — The management of Fidelity Bank Plc has unveiled seven-point agenda aimed at strategic growth and expansion.  In a statement on Saturday, the bank’s Chief Executive Officer/ Managing Direct...
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