Banking Archives — Page 30 of 58

November 22, 2018 No Responses

12 Finalists Selected In UBA Foundation National Essay Competition

UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has announced the twelve finalists for the 2018 edition of its annual National Essay Competition. The 12 finalists will sit for the second round of...

November 13, 2018 No Responses

Heritage Bank Canvasses Increased Support For Agriculture

Heritage Bank Plc has called on government at all levels and deposit money banks to increase supports in agriculture, as it is the most resilient and important sector of Nigerian economy, despite underwhelming investment in the sector. The Executive Director.....

November 8, 2018 No Responses

First Bank Photo News

Mrs. Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, FirstBank; Prof. A. I. Olayinka, Vice Chancellor, University of Ibadan; Dr. Adesola Adeduntan, MD/CEO, FirstBank; Prof. Olanike Adeyemo, Deputy Vice Chancellor, University of Ibadan...

November 5, 2018 No Responses

TSA Cost Gulps N16b In Two Years

The Nigeria Government has spent N16 billion on Treasury Single Account (TSA) transaction costs in two years, Accountant-General of the Federation (AGF) Ahmed Idris has said. He said the government would no longer bear the service charge on all payments...

November 2, 2018 No Responses

CBN Unveils Guidelines For Payment Service Banks

As part of measures to promote a sound financial system and enhance access to financial services for low income earners and unbanked segments, the Central Bank of Nigeria (CBN) on Thursday unveiled operational guidelines for Payment Service Banks (PSBs). T...

October 23, 2018 No Responses

Access Bank Declares N375b Earnings, N62.9b Profit In Q3

Access Bank Plc has announced top line earnings of ₦375.2 billion for the nine months ended 30 September 2018, up 3% from N365.1 billion recorded during the corresponding period in 2017. The Bank’s Profit after Tax (PAT) increased 12% to...

October 19, 2018 No Responses

Atiku Will Return PDP To Power

A chieftain of the People’s Democratic Party, Chief Ebenezer Babatope, on Thursday said the party’s presidential candidate, Alhaji Atiku Abubakar would win the 2019 election. Babatope, a former Minister of Transport, told the News Agency of Nigeria (NAN) o...

October 18, 2018 No Responses

Senate To CBN: Suspend ATM Charges

The Nigerian Senate has urged the Central Bank of Nigeria(CBN) to suspend the Automated Teller Machine(ATM) card maintenance charges pending the outcome of investigation into alleged sharp practices by banks. The senate also resolved to invite the Governor of ...

October 8, 2018 No Responses

Sterling Bank Intensifies Debt Recovery Drive

Sterling Bank Plc has said it would always adopt amicable resolution or when necessary, drastic legal actions to achieve debt recovery outcomes. According to the Bank, such strategies include restructuring for accelerated payoffs and possible foreclosure or...

October 4, 2018 No Responses

World Bank Downgrades Sub Sahara Africa Growth Forecast To 2.7 per cent

The World Bank has cut its forecast for growth of sub-Saharan Africa in 2018 to 2.7 per cent, down from an earlier 3.1 per cent, partly due to less favourable external environment for the region. The lender said in its...

October 4, 2018 No Responses

CBN Boosts FOREX Market With $210

The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the CBN on Wednesday, October 3, 2018, indicate that authorized dealers in the wholesale segment...

October 2, 2018 No Responses

UBA Photo News

Ugo Nwagodoh (right), Group Chief Finance Officer, UBA Plc, receiving an award to recognize the group’s diversification efforts across the African continent, from Mr. Akin Akeredolu-Ale, Chief Executive of the Lagos Commodities & Futures Exchange Limited...

September 24, 2018 No Responses

Heritage Bank Wins Three Agric, SME Awards

Heritage Bank Plc has been adjudged “Best SME Bank Nigeria 2018” by Capital Finance International (CFI.co) and “Agriculture Bank of the Year 2018” by the Nigeria Agriculture Awards (MAA). Also, the bank was awarded the Best CIBN Chapter of the...

September 22, 2018 No Responses

CBN Revokes Skye Bank’s licence

The Central Bank of Nigeria (CBN) has revoked the operating licence of Skye Bank Plc. However, depositors’ funds, according to the apex Bank remain safe. Governor of the CBN, Godwin Emefile, broke the news on Friday at a press...