Banking Archives — City Business News

September 27, 2022 No Responses

Fidelity Bank, SMEDAN, Seal SMEs MoU

In what has been termed a major move to bridge the gap in helping small businesses access much-needed funding and capacity development initiatives, Fidelity Bank Plc has announced a strategic partnership with the Small and Medium Enterprises Development Agency (SMEDAN). ...

September 23, 2022 No Responses

FirstBank Partners Verve International, Rewards Customers In New Promo

First Bank of Nigeria in partnership with Verve International, has inaugurated the third National Consumer promo designed to reward users of FirstBank verve cards with gifts and cash prizes. Mr Chuma Ezirim, Group Executive, e-Business and Retail Products, F...

September 13, 2022 No Responses

Ecobank Group Appoints Jeremy Awori CEO

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, on Monday, announced that the current Group Chief Executive Officer, Ade Ayeyemi, will retire after he attains the age of 60, in accordance with ETI policy. Ac...

September 9, 2022 No Responses

UBA Records Double-Digit Growth, Declares N0.20k Interim Dividend

United Bank for Africa (UBA) Plc, has announced its audited financial results for the half year ended June 30, 2022, recording double-digit growth across key income lines as well as significant progress in the contribution from its subsidiaries. At...

September 8, 2022 No Responses

Fidelity Bank Presents Cash Prizes To GAIM 5 Grand Final Promo Winners

Fidelity Bank on Wednesday rewarded 13 winners of the Get Alert In Millions Season 5 promo (GAIM 5) with cash prizes. Mr Charles Ahiwe of Saka Tinubu Cash Centre bagged the star prize of N10 million, while other winners were...

September 6, 2022 No Responses

GTCO Post N103.2b Pre-Tax Profit In H1

Guaranty Trust Holding Company Plc (GTCO) has posted a profit before tax of N103.2 billion for the period ending June 30. The bank stated this in its audited consolidated and separate financial statements to the Nigerian Exchange Group (NGX) and...

September 1, 2022 No Responses

Fidelity Bank Explains N21.6b Profit, 10k Interim Dividend In H1

Fidelity Bank Plc has released its H1 2022 results recording 21.6% growth in profit to N21.6bn as well as growth in most key ratios. According to the report released on the Nigerian Exchange (NGX) on Tuesday, 30 August 2022, the...

August 31, 2022 No Responses

Fidelity Bank Rewards GAIM Season 5 Promo Winners With N27m

Fidelity Bank Plc on Tuesday splashed N27 million on 13 customers in the final draw of its Get Alert In Millions (GAIM) Season 5 savings promo. The cash prizes were in the categories of N10 million grand prize, N5 million,...

August 30, 2022 No Responses

Sky Capital Appoints MD, Non-EDs For Skye Bank Sierra Leone

Sky Capital & Financial Allied Limited, the financial services subsidiary of SIFAX Group, has appointed a new Managing Director and three non-executive directors for one of its subsidiaries Skye Bank, Sierra Leone. After the approval by the Bank of S...

August 29, 2022 No Responses

Ecobank Nigeria Unveils Special Loans, Remittances Scheme

Ecobank Nigeria has unveiled a special scheme on Back2School loans and remittances for all its customers. Head, Consumer Banking, Ecobank Nigeria, Korede Demola-Adeniyi said the loan offerings have been developed based on the bank’s understanding...

August 26, 2022 No Responses

Citi Bank To Close Russian Branches

US bank Citigroup is to close its remaining branches and consumer banking operations in Russia as it exits the country in protest at the war in Ukraine. The move, which affects 2,300 staff in the country, follows an exodus of...

August 22, 2022 No Responses

First Set of Winners Emerge In Union Bank’s Save & Win Palli Promo 2

Union Bank of Nigeria has rewarded the first set of winners in the second edition of its Save & Win Palli promo. The first live draw of this season, which took place at Union Bank’s Head office in Lagos, saw...

August 22, 2022 No Responses

FirstBank Unveils Activities For CRS Week

First Bank of Nigeria has announced plans for the fifth edition of its Corporate Responsibility and Sustainability (CRS) Week. In a statement on Sunday, Group Head, Marketing and Corporate Communications, Mrs Folake Ani-Mumuney, explained that the ...

August 9, 2022 No Responses

First Bank Reopens Abuja Headquarters Office

First Bank of Nigeria has reopened its headquarters (Coomassie House) located at the Central Business District, Abuja. The News Agency of Nigeria (NAN) recalls that the office was on Aug. 4, sealed by the FCT High Court Enforcement Unit over...