Banking Archives — Page 45 of 55

October 27, 2016 No Responses

FBN Holdings posts N417.3B gross earnings in nine months

For the nine Months ended September 30, 2016, FBN Holdings Plc recorded N417.3 Billion gross earnings, up by 7.0 per cent when compared to N390.0 Billion attained within same period in 2015. Also within the period, net-interest income stood...

October 27, 2016 No Responses

Union Bank declares N13.3b pre-tax profit in Q3

Union Bank of Nigeria (UBN) Plc has declared N13.3 Billion profit before tax for the nine months ended September 30, 2016, indicating 27 per cent growth. According to the result, gross earnings rose by 12 per cent to N93.43...

October 26, 2016 No Responses

FirstBank wins Global Finance Digital Bank of Distinction award

First Bank of Nigeria Limited has won the Global Finance Digital Bank of Distinction award, 2016. This new award recognizes outstanding accomplishments in digital banking made by middle-market and local banks. It honours banks that may be outspent by...

October 25, 2016 No Responses

Zenith Bank records N380b gross earnings in Q3

Despite ongoing economic challenges, Zenith Bank Plc recorded N380 Billion gross earnings for Third Quarter ended September 30, 2016, up by 13 per cent when compared to same period in 2015. Also the group’s Profit After Tax (PAT) increased...

October 25, 2016 No Responses

FCMB explains late filling of Q3 accounts

The First City Monument Bank (FCMB) Group Plc is to release its nine months ended 30 September 2016 (3Q16) accounts before the end of November, this year. In a notice to the Nigerian Stock Exchange (NSE), the Bank said:...

October 25, 2016 No Responses

UBA Wins Finacle Client Innovation Awards

United Bank for Africa has continued to receive accolades and global recognition for its commitment to the use of cutting-edge technology to provide simple and convenient banking solutions and services to its customers. The pan African banking Group was ...

October 24, 2016 No Responses

Wema Bank declares N37.89b gross earnings in Q3

For the third quarter ended September 30, 2016, Wema Bank Plc has declared N37.8Billion gross earnings, indicating 16.36 per cent growth over N32.57Billion recorded same period in 2015. According to the Bank, the nine-month figure was driven by a...

October 22, 2016 No Responses

Collaboration with London Stock Exchange deliberate, strategic, says Onyema as Adeosun opens trading

The Chief Executive Officer of Nigerian Stock Exchange (NSE), Oscar Onyema has described collaboration with London Stock Exchange (LSE) as deliberate and strategic. Speaking at the third anniversary of London & Lagos Capital Markets partnership confer...

October 22, 2016 No Responses

FBN Capital to host Govt, Business leaders at annual conference

In line with its commitment to provide a platform that will facilitate interaction for identifying sustainable growth opportunities in Nigeria, FBN Capital Limited, the Investment Banking and Asset Management subsidiary of FBN Holdings Plc. will host its Ann...

October 21, 2016 No Responses

AfDB approves $40m loan for Afe Babalola University

The Board of Directors of the African Development Bank (AfDB) Group has approved an eight-year $40-million corporate loan to the Afe Babalola University (ABUAD) in Ado Ekiti (Nigeria), to finance part of the university’s expansion plan. According to the.....

October 21, 2016 No Responses

UBA, MEC, unveil revolutionary Omni-Channel Payment System, EmailMoni

MEC Incorporated has entered into agreements with United Bank for Africa (UBA) Plc to provide a revolutionary email-based billing, payment and banking software system called “EmailMoni.” EmailMoni, according to UBA represents the world’s...

October 18, 2016 No Responses

Fidelity Bank empowers 500 unemployed youths in Kebbi State

Fidelity Bank Plc in strategic partnership with Gazelle Academy and Waziri Umaru Federal Polytechnic, Birnin Kebbi has empowered 500 Nigerians with entrepreneurial skills. The programme, which is part of the Bank’s Corporate Social Responsibility (CSR) ini...

October 14, 2016 No Responses

‘FirstBank now sole Foreign Exchange Dealer to BDCs’

The Central Bank of Nigeria (CBN) has announced FirstBank the sole authorized dealer for foreign exchange proceeds to licenced Bureau de Change (BDC) operators in Nigeria. According to First Bank, the announcement is coming on the heels of the...

October 13, 2016 No Responses

CBN faults report on Banks, caution against exceeding $50,000 annual limit on overseas withdrawal

No Nigerian Bank is in crisis, the Bankers Committee said on Wednesday after its 329thmeeting in Lagos. Briefing Journalists after the meeting, the Director, Banking Supervision of CBN, Tokunbo Martins described negative reports on the state of Nigerian Ba...