Banking Archives — City Business News

May 16, 2023 No Responses

Ecobank Workers Conference: Experts Harp On Savings, Income Diversification

Salary earners, individuals, self-employed and small businesses have been advised to make deliberate efforts to save and diversify their income stream in light of the current state of the nation’s economy. This was the submission of panelists at the webinar....

May 15, 2023 No Responses

Fidelity Bank CEO Bags Champion Newspapers’ Banker Of The Year Award

Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe has received yet another recognition as she bagged the award of the Banker of the Year 2022 at the Champion Newspapers’ Awards of the Year 2022. Held at the Eko...

May 8, 2023 No Responses

Union Bank: Titan Trust Bank To Acquire Shares Of Minority Shareholders

Union Bank Plc core shareholder, Titan Trust Bank Limited has offered to acquire the shares of all minority shareholders in Union Bank. In a Proposed Scheme of Arrangement notice to the Nigerian Exchange Limited (NGX) and signed by Somuyiwa Sonubi, t...

April 29, 2023 No Responses

Fidelity Bank Sets Aside N15.7b For 2022 Dividends

For the year ended December 31, 2022, Fidelity Bank Plc has released its audited financial statement and accounts. The report showed a double in profitability, driven by strong growths in the top-line and the structural balance of the bank’s operations...

April 4, 2023 No Responses

Losses In Banking Stocks Push Indices Down By N76b

The equity market on Monday extended a negative position as it recorded N76 billion in losses, following sell-offs in Tier-one banking stocks. The market capitalisation lost N76 billion or 0.09 per cent to close at N29.517 trillion compared to N29.543...

March 26, 2023 No Responses

Naira Crisis: Queues Gradually Disappear As Bank ATMs Dispense Cash

Long queues at commercial banks in Lagos have suddenly disappeared following the injection of more banknotes by the Central Bank of Nigeria (CBN) into commercial banks, the News Agency of Nigeria (NAN) reports. The apex bank had on Thursday confirmed...

March 23, 2023 No Responses

FirstBank Announces Management Associate Programme Application

First Bank of Nigeria Limited has announced call for participation in the third season of its FirstBank Management Associate Programme (FMAP). Interested participants are required to submit their application via https://hdbc.fa.em2.oracl...

March 14, 2023 No Responses

Naira Loses Further To Dollar

Naira lost further to the dollar on Monday as it exchanged at N461.67 at the Investors’ and Exporters’ window. The rate represented a decrease of 0.04 per cent, compared to the N461.50 for which it exchanged to the dollar at...

March 13, 2023 No Responses

CBN To Banks: Comply With Supreme Court’s Judgement On Naira Notes

The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, CBN spokesperson in a statement said, “In compliance with the established tradition of obedience to court orders...

March 7, 2023 No Responses

FirstBank Appoints Seyi Oyefeso as Executive Director

FirstBank of Nigeria Ltd., has appointed Mr Oluseyi Oyefeso as Executive Director, Retail Banking in charged of the South. In a statement on Monday in Lagos, the bank said his appointment, which took effect on March 2, 2023, was subject...

February 24, 2023 No Responses

Banking Stocks Lift Market Capitalisation By N180b

The equity market on the Nigerian Exchange Ltd. (NGX) gained further on Thursday as it recorded N180 billion gains, following investors interest in Tier-one banking stocks. The market capitalisation gained N180 billion or 0.61 per cent to close at N29.76...

February 22, 2023 No Responses

Winners Emerge In Ecobank Supper Reward Campaign

Ecobank Nigeria Limited, a subsidiary of Ecobank Transnational Incorporated (ETI), has rewarded four customers, being winners in the Super Rewards deposit promo with N1 million each. The Super Rewards Campaign is a customer-focused initiative ...

February 16, 2023 No Responses

Buhari’s Speech on Currency Swap

My Dear Compatriots, I have found it necessary to address you today, on the state of the nation and to render account on the efforts of our administration to sustain and strengthen our economy, enhance the fight against corruption...