Banking Archives — Page 15 of 58

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,...

August 28, 2021 No Responses

Zenith Bank’s Profit Grows By 2.6% In Six Months

Zenith Bank Plc has posted a profit before tax (PBT) of N117.05 billion for six months as of June 30, against N114.12 billion achieved in the comparative period of 2020. This was stated in the company’s interim report signed by...

August 7, 2021 No Responses

Access Bank Drives Financial Inclusion with 74,000 Closa Agents

Access Bank Plc has equipped 74,000 Access Closa agents to provide financial services to customers across the country, to drive financial inclusion. Mr Robert Giles, Senior Banking Advisor, Retail, Access Bank, made this known in a statement on Friday in...

August 4, 2021 No Responses

Unity Bank Unveils New Code On USSD Platform

In a bid to safeguard its e-banking platforms with enhanced safety and security features, Unity Bank Plc has unveiled a new code on its USSD platform that completely puts the customer in control of his Bank Account against any e-Banking...

August 4, 2021 No Responses

CBN Releases Guidelines For Payment Service Holding Companies

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for the establishment and regulation of Payments Service Holding Companies (PSHCs) in Nigeria. A circular issued by Mr Musa Jimoh, CBN’s Director, Payments System Management Department in...

August 2, 2021 No Responses

Banks Comply With CBN FOREX Directive, Sell Dollar At N412

In compliance with the new Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN), commercial banks in Abuja have set up dedicated teller points for FX transactions in their branches. The News Agency of Nigeria (NAN) recalls that...

August 2, 2021 No Responses

Zenith Bank Boss Canvasses Increased Impact Investing In Africa

Group Managing Director/Chief Executive Officer, Zenith Bank Plc, Mr Ebenezer Onyeagwu, has called for increased impact investing in Africa, to enable the continent to achieve its full potentials. A statement issued on Sunday explained that Onyeag...

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...

July 31, 2021 No Responses

Unity Bank Declares N23b Gross Earnings In Half-Year

Nigeria’s retail lender, Unity Bank Plc has declared half-year result posting gross earnings of 23.6 billion Naira, which is a 3% increase compared with the corresponding period of 2020. A review of the unaudited half year result (H1’2021) released to...

July 27, 2021 No Responses

CBN Stops Sale Of FOREX To BDCs

The Central Bank of Nigeria (CBN) on Monday announced immediate discontinuation of the sale of Foreign Exchange (forex) to Bureau de Change (BDC) operators in the country. Mr. Godwin Emefiele, the CBN Governor, made this announcement on Tuesday while present...

July 22, 2021 No Responses

Sekibo: Market Formation Framework, Driver To Optimally Develop Solid Mineral Sector

MD/CEO of Heritage Bank Plc, Ifie Sekibo has said that market formation framework is the key to optimally exploit Nigeria’s precious metal and solid minerals endowments. He disclosed this during a webinar organised by the Securities and Exchange Commis...