Banking Archives — Page 40 of 55

May 3, 2017 No Responses

CBN sanctions First Bank, GTB, others over alleged forex infractions

The Central Bank of Nigeria (CBN) on Tuesday barred 15 commercial banks from dealing in foreign exchange through the recently created Small and Medium Enterprises (SMEs) wholesale forex window. According to the CBN, the decision which is with immediate effect...

April 29, 2017 No Responses

UBA posts N22.4b profit in first quarter

For the first quarter ended March 2017, United Bank for Africa Group (UBA) recorded Profit After Tax of N22.4billion, indicating 32 percent year-on-year growth compared to N17.0 billion achieved in the corresponding period of 2016. The group also sustained...

April 28, 2017 No Responses

Ecobank merges 74 branches, explores digital strategy

Ecobank Nigeria Limited has reaffirmed its digital transformation agenda enabling its customers depend more on its digital platforms to do their daily banking activities, thereby reducing the need to go to branches. By this development the bank will have enhan...

April 28, 2017 No Responses

Access Bank declares N26b profit, total assets of ₦3.54tri in first quarter

Access Bank Plc on Thursday reported unaudited financial results for the first quarter (Q1) ended March 31, 2017, indicating an increase of 38% in Profit before Tax, “which rose to N31.2 billion when compared to ₦22.6 billion in Q1 2016....

April 26, 2017 No Responses

UBA powers music, business masterclass facilitated by Berklee College of music

The countdown has begun to the most anticipated and insightful learning experience at the Runway Jazz 2017 Music and Business Masterclass, taking place on April 29, 2017 in the Grand Ballroom of Eko Hotels & Suites, Lagos, Nigeria. The Masterclass is a...

April 23, 2017 No Responses

Heritage Bank empowers BB Naija five top finalists with investment support

As part of its ongoing commitment to boost the Small and Medium Enterprises (SMEs), Heritage Bank, one of the sponsors of Big Brother Naija Season-2 reality TV show, at the weekend rewarded the five top finalists with financial investment support...

April 12, 2017 No Responses

Heritage Bank, DSTV present N25m, SUV to BB Naija winner

Heritage Bank Plc, one of the proud sponsors of Big Brother Naija Season-2 reality TV show and MultiChoice Nigeria, owners of DSTV on Tuesday presented the 2017 winner, Efe Ejeba grand prize of brand new Sorento SUV and N25million cash...

April 12, 2017 No Responses

Heritage Bank Photo News

L-R: Group Head, Corporate Communications of the Heritage Bank Plc, Fela Ibidapo; BB Naija 1strunner up, Bisola Ayeola; Team member, Media & External Relation Officer, Blaise Udunze and Team member, Brand Compliance & Management, Ozena Utulu, during th...

April 10, 2017 No Responses

Heritage Bank partners Workforce group to promote impactful leadership

In a bid to enhance impactful leadership that will contribute to the financial performance of an organization, Heritage Bank Plc has partnered Workforce group. Speaking at a Learning & Development Leaders Conference organised by Workforce group in Lagos, M...

April 5, 2017 No Responses

Wema Bank reopens Kaduna branch

Wema Bank Plc has reopened its Kaduna branch to provide banking services to individuals and firms with good growth opportunities. According to the Bank, the new branch will offer retail and SME banking, corporate banking, treasury, trade services and financial...

April 3, 2017 No Responses

Deposits in SunTrust Bank hits N4.2b in 2016

For the year 2016, deposit in Sun Trust Bank increased by 432 per cent, making it possible for the bank to declare profit before tax of N343 million, an increase of 160.3 per cent over the N131.9million reported in 2015. Meanwhile its Income tax...

March 31, 2017 No Responses

Toyota Nigeria honours First Bank with Evergreen Award

Citing sustained dedication and loyalty over the years, Toyota Nigeria Limited (TNL) has honoured First Bank of Nigeria with an Evergreen Award and N2.5m reward. At a colourful award ceremony held in Lagos on Thursday, TNL Chairman, Chief Michael...

March 31, 2017 No Responses

Heritage Bank enhances capacity of ex-BB Naija housemates, entrepreneurs

Heritage Bank Limited, has enhanced capacity of Ex-Housemates of Big Brother Naija reality TV show and other emerging 21st century entrepreneurs at an SME enhancement capacity training programme. Speaking at the breakfast meeting in Lagos, Mr. Ejikeme Obiano, ...

March 30, 2017 No Responses

Development Bank of Nigeria gets CBN licence

The Central bank of Nigeria has approved the grant of a wholesale development finance institution licence with national authorization to the Development Bank of Nigeria (DBN) Plc, the Minister of Finance, Mrs. Kemi Adeosun has confirmed. The approval was conve...