Banking Archives — Page 35 of 59

May 3, 2018 No Responses

Ecobank Unveils Unified Digital Payment Solution

A multi-featured digital payment solution, Ecobank Pay, is now available from Ecobank Nigeria. Ecobank Pay is built as a core part of Ecobank’s digital financial services ecosystem approach and will deliver unified and instant self-service across a range of interconnected...

April 30, 2018 No Responses

First Bank Implores Youth On Wealth Initiatives

The Chairman, Board of Directors, First Bank of Nigeria, Mrs. Ibukun Awosika has implored youth in Edo State to embrace job and wealth creation initiatives. Addressing participants at a two-day workshop organised by the Edo State Government in partnershi...

April 29, 2018 No Responses

Wema Bank Explains N16.07b Earnings In Q1

Wema Bank PLC has announced a 5.02% growth in earnings for Q1’2018 to N16.07 billion, from N15.28 billion in Q1’2017. According to the Bank, the increase was supported by a 21.07% growth in non-interest income to N3.43 billion (Q1’2017;...

April 26, 2018 No Responses

Diamond Bank Pulls Out Of UK

The Managing Director/ Chief Executive Officer of Diamond Bank Plc, Uzoma Dozie, has assured customers that the sale of the international subsidiaries is not expected to cause service disruptions for the bank’s customers across the world. The Bank exp...

April 26, 2018 No Responses

Access Bank Shareholders Laud 2017 Performance, Dividend Policy

For the financial year 2017, Shareholders of Access Bank Plc on Wednesday commended the Management and Board for the payment of 65 kobo dividend on their investment. The Bank on Wednesday paid a final dividend of 40 kobo per share....

April 25, 2018 No Responses

Tony Elumelu To African Leaders: Prioritize Africa’s Youth

During the annual spring meetings of the International Monetary Fund and the World Bank in Washington, DC, African philanthropist and entrepreneur Tony O. Elumelu insisted that prioritizing Africa’s youth by fixing the policy and regulatory issues impeding t...

April 21, 2018 No Responses

Nigerian Appoints Committee On e-IPO

Nigeria is to adopt Electronic IPOs (e-IPO). Already, a committee comprising of the Securities and Exchange Commission (SEC), Nigeria Stock Exchange (NSE), Association of Issuing Houses of Nigeria (AIHN), Association of Stock Brokers (ASHON), Central Securitie...

April 20, 2018 No Responses

EIB, AfDB To Support Private Sector Investment In Nigeria With $50m

The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a....

April 18, 2018 No Responses

Wema Bank Introduces Agent Banking in Bauchi

Wema Bank Plc has introduced its agent banking service in Bauchi as it seeks to deepen its retail footprint across informal economic sectors of the country. Agent Bank is a cost-effectivemedium employed by Banks to provide financial access to unbanked,...

April 18, 2018 No Responses

Elumelu, Kim, Weiner To Open Forum On Digital Economy for Africa

Chairman, Heirs Holdings and Founder, The Tony Elumelu Foundation, Tony O. Elumelu will join Jim Yong Kim, President, World Bank Group and Jeff Weiner, LinkedIn CEO at the opening debate of the ‘Digital Economy for Africa’ Forum in Washington, D.C...

April 13, 2018 No Responses

CBN Begins Disbursement Of N26b Agribusiness Fund To MSMEs

The Central Bank of Nigeria (CBN), in collaboration with the Bankers’ Committee on Thursday commenced disbursement of N26 billion Agribusiness Small and Medium Enterprises Investment Scheme (AGSMEIS) fund to the first set of beneficiaries. The CBN Governor...

April 13, 2018 No Responses

NSE To Migrate Access Bank, UBA, Others To Premium Board

The Nigerian Stock Exchange (NSE) on Thursday announced plans to migrate Access Bank, Lafarge Africa, Seplat and United Bank for Africa (UBA) Plc to its Premium Board The NSE said in Lagos the four companies would be migrated to...

April 12, 2018 No Responses

Tony Elumelu, UBA Chairman To Tour East Africa On Entrepreneurship, Infrastructure

Foremost Entrepreneur and philanthropist, Tony O. Elumelu will lead a 5-day working visit to East Africa, where he will meet with national leaders of Kenya and Uganda. In his capacity as Chairman of United Bank for Africa (UBA), Mr....

April 9, 2018 No Responses

Heritage Bank Restates Commitment To Sustainable Growth, Profitability

Heritage Bank Plc has restated its commitment to sustainable growth and profitability despite the prevailing adverse macro-economic environment. The bank said in statement issued over the weekend by Mr. Fela Ibidapo, Divisional Head, Corporate Communications...