Banking Archives — Page 22 of 59

September 23, 2020 No Responses

Ecobank Boss Implores Africa On Trade Facilitation, Wealth Creation

The Chief Executive Officer, Ecobank Transnational Incorporated (ETI), Ade Ayeyemi has reiterated that African countries must adopt a continent wide approach to business and also focus on wealth creation to be relevant in the global value chain. According to Ayeyemi,...

September 21, 2020 No Responses

Economic Recovery: Heritage Bank Boss Seeks More Impactful Role In Banking

In the quest to aid speedy economic recovery and impactful service delivery to stakeholders caused by macro-economic headwinds and Covid-19, banking sector’s players have been charged to maximize the opportunities by re-strategizing its roles that will addre...

September 20, 2020 No Responses

Ecobank MD: Innovations, Disruptions Will Continue To Define Future Of Banking In Nigeria

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has reiterated that the future of Nigerian banking would continue to be shaped by innovations and technology disruptions, stressing that only financial institutions that are amenable to such transforma...

September 20, 2020 No Responses

Polaris Bank Appoints Opeke Executive Director

The Board of Directors of Polaris Bank Ltd and Asset Management Corporation of Nigeria has appointed Mr Segun Opeke as an Executive Director. The bank’s Company Secretary, Mr Babatunde Osibodu, announced the appointment in a statement. Osibodu ex...

September 9, 2020 No Responses

Union Bank Appoints Emeka Ogbechie Non-Executive Director

Union Bank of Nigeria Plc has informed the Nigerian Stock Exchange (NSE), shareholders and the investing public of the appointment of Mr Emeka Ogbechie as a Non-Executive Director of the bank, replacing Mr Dick Kramer, who retired in September 2019,...

September 7, 2020 No Responses

Fidelity Bank Declares N8.5b Half Year Net Profit

For the 2020 half-year performance, Fidelity Bank Plc recorded Profit Before Tax of N12.0bn from N9.8bn in 2019, which translated to a 22% growth. According to the Bank, net profits grew by 33% from N8.5bn to N11.3bn in the reporting...

September 4, 2020 No Responses

Zenith Bank Declares N346b Gross Earnings, 30 Kobo Interim Dividend

Zenith Bank Plc on Thursday declared gross earnings of N346 billion for the half year ended June 30, 2020. This is contained in the bank’s audited results presented to the Nigerian Stock Exchange. The gross earnings represent an increase of...

September 3, 2020 No Responses

GTBank Declares 30k Interim Dividend

Guaranty Trust Bank Plc on Wednesday announced an interim dividend of 30k per share for the half year ended June 30, 2020. The bank stated this in its audited financial results released to the Nigerian Stock Exchange and London Stock...

August 31, 2020 No Responses

LCCI To CBN: Review New Directive On Form “M”

The Lagos Chamber of Commerce and Industry (LCCI) has appealed to the Central Bank of Nigeria (CBN) to review its new directive on payments for imports in the interest of the Nigerian economy. In a statement on Sunday, Director-General, LCCI,...

August 30, 2020 No Responses

Polaris Bank Appoints Innocent Ike As Acting MD/CEO

The Board of Polaris Bank Limited and Asset Management Corporation of Nigeria (AMCON), the Bank’s shareholder, have announced the appointment of Mr Innocent Ike, as the Acting Managing Director/CEO of the Polaris Bank Limited, effective September 1, 2020.&nb...

August 24, 2020 No Responses

Sterling Bank Develops Energy Solution For Homes, Businesses

Sterling Alternative Finance (SAF), the non-interest banking division of Sterling Bank Plc, has developed a clean and affordable energy solution for homes and businesses across the country. Head of Digital Business, SAF, Mohammed Yinusa in a statement on Sun...

August 13, 2020 No Responses

Ecobank Nigeria Unveils Business App

Ecobank Nigeria has launched an Application for Businesses. Known as Omni Lite App, it is targeted at enhancing the banking experience of its large pool of Commercial Banking customers. A statement explained that the Ecobank Omni Lite App is a highly secur...

August 10, 2020 No Responses

Heritage Bank Partners CBN On Improved Investment, Job creation

Heritage bank Plc in collaboration with the Central Bank of Nigeria (CBN), under the Nigerian Incentive-Based Risk Sharing in Agricultural Lending (NIRSAL) has continued to drive improved investments and job creation. A statement issued at the weekend explai...

August 4, 2020 No Responses

Sterling Bank reports 10% growth in half-year net interest income

Sterling Bank Plc, a full service national commercial bank has reported a net interest income of N33.5 billion during the half-year ended June 30, 2020, as against N30.4 billion during the corresponding period of 2019, representing a growth of 10.1...