Banking News Archives — Page 3 of 4

June 3, 2021 No Responses

First Bank: Our South East Branches Are Fully Open For Business

First Bank of Nigeria Limited (FirstBank) has reiterated that all its South East branches are fully open for business activities. A statement issued by Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications said:“This is to inform the public that our South...

May 31, 2021 No Responses

First Bank CEO Wins 2020 Banker Of The Year Award

By citybusinessnews@yahoo.com — The Managing Director /Chief Executive Officer of First bank Ltd, Dr Adesola Adeduntan, has emerged winner of Champion Newspapers 2020 Banker of the year award. Also in the corporate award category,...

May 27, 2021 No Responses

TAJBank Opens Three New Branches In Abuja

TAJBank has opened three new branches in Abuja in furtherance with its sustained drive to deepen financial inclusion and offer stress-free innovative financial services to its growing customers nationwide. Speaking during the opening ceremony of the technology...

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 5...

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...

May 1, 2021 No Responses

Adeduntan Resumes As FirstBank CEO

First Bank of Nigeria (FBN) on Friday confirmed that Dr Adesola Adeduntan had resumed as the Chief Executive Officer in line with the directives of the Central Bank of Nigeria (CBN). A statement by the management of the bank said...

April 30, 2021 No Responses

Shake Up In First Bank As CBN Names New Directors

The Central Bank of Nigeria (CBN) on Thursday announced the immediate removal of all directors of First Bank of Nigeria Ltd. and FBN Holdings Plc over purported management changes at the bank. The CBN Governor, Mr Godwin Emeifele said th...

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 19, 2021 No Responses

FirstBank Unveils Corporate Website, Reiterates Commitment To Seamless Service Delivery

First Bank of Nigeria Ltd., has launched a new website to ensure seamless banking and technology solutions to its customers across the world. The Chief Executive Officer, FirstBank Group, Dr Adesola Adeduntan, said this in a statement in Lagos on...

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...

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 fi...

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 24, 2021 No Responses

Heritage Bank Joins World Water Day With Installation Of Borehole

Heritage Bank Plc has joined the rest of the globe to celebrate the World Water Day 2021 with plans to assist a community in dire need of clean water by installing a bore hole. The theme for this year’s WWD...