Banking Archives — Page 2 of 58

October 22, 2024 No Responses

UBA Declares N525.3b Profit In Q3 2024

For the month of third quarter ended September 2024, United Bank for Africa (UBA) Plc, recorded N525.31 billion Profit After Tax (PAT). The unaudited financial report filed with the Nigerian Exchange Ltd.(NGX) on Monday indicates 16.9 per cent increase, from...

October 19, 2024 No Responses

Leadway Assurance Blames Gtbank For Delayed Annuity Payment

Leadway Assurance has blamed delay in the payment of September 2024 annuity on transaction challenges at Gtbank.Some Gtbank account holders are yet to receive their payments for the Month of September 2024.Leadway Assurance in a notice sent to annuitants expla...

October 1, 2024 No Responses

UBA Declares N2 Interim Dividend, N1.37tri Earnings In H1 ’24

For the half year ended June 30, 2024, United Bank for Africa (UBA) has grown its earnings by 40 per cent to N1.37 trillion and declared an interim dividend of N2.00 per share. The audited financials released to the Nigerian Exchange Limited...

September 30, 2024 No Responses

Access Bank Strengthens Women Empowerment In Southern Africa

Access Bank Plc has reinforced its dedication to advancing women’s empowerment across Southern Africa with the relaunch of its ‘W’ Initiative in Zambia and Botswana.The ‘W’ Initiative, which provides a wide array of financial services and support pro...

September 27, 2024 No Responses

Access Holdings Donates Over ₦1b To Borno Flood Victims

In a demonstration of its commitment to community support, Access Holdings Plc has announced a donation of over ₦1 billion to assist with relief and recovery efforts in Maiduguri, through its banking vertical – Access Bank Plc.The announcement was made...

September 11, 2024 No Responses

UBA Appoints Nweke New DMD

The United Bank for Africa (UBA) Plc has appointed Mr. Chukwuma Nweke as new Deputy Managing Director (DMD) effective from October 1st 2024.In a statement on NGX signed by its secretary and legal counsel, Bili Odum, UBA also disclosed the...

September 3, 2024 No Responses

Tinubu Appoints New BOI Board

President Bola Tinubu has appointed a new board for the Bank of Industry (BOI). The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, disclosed this in a statement on Monday, saying Tinubu named Mansur Muhtar as the...

August 29, 2024 No Responses

Over 100 Firms For Ecobank ‘Oja Oge’ Pop-Up Marketplace

As the countdown to the maiden edition of ‘Oja Oge” Pop-up marketplace by Ecobank begins, over 100 top rated fashion, beauty and lifestyle businesses from across the country have indicated their interest and readiness to showcase their wares. Oja Oge...

August 22, 2024 No Responses

FG Imposes N555.8m Fine On Fidelity Bank

For violating its customers’ data privacy, the National Data Protection Commission (NDPC) has imposed N555.8 million fine on Fidelity Bank Plc. NDPC’s National Commissioner, Vincent Olatunji, disclosed this during a Validation Workshop on t...

August 21, 2024 No Responses

CBN Explains High Remittance Inflows Of $553m In July

For the Month of July, 2024, the Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows, reaching $553m, a 130 per cent increase from the corresponding period in 2023. A statement by the Apex bank’s Ag....

August 17, 2024 No Responses

Ecobank Unveils Top Finalists For 2024 Fintech Challenge

Ecobank has announced the top finalists for the first-ever and inaugural 2024 Ecobank Fintech Challenge Hybrid Semi-Final event held at the Ecobank Pan African Centre in Lagos, Nigeria. According to Ecobank, the finalists were selected from a cohort of 40...

August 15, 2024 No Responses

ACCESS Holdings Plc Extends Rights Issues Acceptance To August 24

Following the approval of the Securities & Exchange Commission (SEC), Access Holdings Plc has extended the acceptance period for its ongoing Rights Issue to August 23, 2024. It was initially scheduled to close on August 14, 2024. A statement signed...

July 31, 2024 No Responses

VFD Group Declares N3.11b Profit for H1 2024

VFD Group Plc has announced its unaudited financial results for the first half of the year 2024.The Group reported a profit after tax of N3.11 billion, demonstrating strong financial performance and resilience in a challenging economic landscape.Group’s tota...

July 30, 2024 No Responses

Access Bank Revamps QuickBucks, Disburses N740b Digital Loans in Seven Years

Access Bank has revamped its digital loan platform ’QuickBucks’, to boost lending across Nigerian consumers.The bank said customers can access the bank’s digital loans for businesses, vehicle financing, school fees payment, among others. QuickBucks Loans...