Nigeria Bank Archives — Page 3 of 8

October 4, 2021 No Responses

FirstBank’s FinTech Summit To Highlight Open Banking

First Bank of Nigeria has explained that the 2021 FinTech summit scheduled to hold virtually on October 7, will highlight the impact of open banking on financial inclusion. The Chief Executive Officer of FirstBank, Dr Adesola Adeduntan, in a statement explained...

September 29, 2021 No Responses

Adesola Emerges Ecobank Nigeria Board Chairman

The Board of Directors, Ecobank Nigeria has announced the appointment of three non-executive directors: Mrs. Bola Adesola, Mrs. Titilayo Olujobi and Mrs. Bimbola Wright. According to the Board, the new Directors have distinguished ...

September 28, 2021 No Responses

Heritage Bank MD: Identity Challenge Impedes SMEs Financing

The Nigerian government must resolve the identity management system challenges in the country to empower commercial lenders to extend credit to Small and Medium Enterprises (SMEs) with less worry, the Managing Director/Chief Executive Officer, Heritage Bank, M...

September 27, 2021 No Responses

Heritage Bank Partners LFC On Youth Employment

In light of the growing unemployment rate in Nigeria, Heritage Bank Plc has partnered Living Faith Church (LFC) Worldwide via its Youth arm at the 17th Annual International Youth Alive Convention. The partnership is de...

September 27, 2021 No Responses

Nigeria At 61: Access Bank To Reward 14 Customers With N1m Each

Access Bank Plc has concluded plans to reward 14 customers with N1million each in the DiamondXtra Independence Splash to commemorate Nigeria’s 61st Independence Anniversary. In a statement on Monday, Access Bank’s Executive Director, Retail Banking, Mr Vic...

September 17, 2021 No Responses

Union Bank Appoints Aisha Abubakar Non-Executive Director

The Board of Directors, Union Bank of Nigeria has announced the appointment of Ms Aisha Abubakar as an Independent Non-Executive Director, effective Sept. 9., 2021 The Chair, Board of Directors, Mrs Beatrice Hamza Bassey, disclosed in a notice posted on....

September 15, 2021 No Responses

UBA’s Half-Year Profit Grows By 33% To N76.2b

The United Bank for Africa (UBA) Plc has announced its audited half-year financial results for the half-year ended June 30, 2021, showing impressive growth across all major income lines and performance indicators. The pan African financial institution deliv...

September 14, 2021 No Responses

FirstBank Gets Global Finance Award

First Bank of Nigeria Ltd has won the Global Finance ‘Private Bank of the Year 2021’ award. The Deputy Managing Director of the bank, Mr Gbenga Shobo, in a statement on Monday explained that the bank was bestowed the award...

September 9, 2021 No Responses

CBN Tasks Banks, Others On Bulk Payment

The Central Bank of Nigeria (CBN) has directed commercial banks and Payment Service Providers (PSPs) in the country to improve on all bulk payments and transfers systems to ensure transparency. Mr Jimoh Musa, CBN’s Director, Payment System Management D...

September 7, 2021 No Responses

Stanbic IBTC Records 50.13% Drop In Profit

Stanbic IBTC Holdings Plc on Monday posted a profit before tax (PBT) of N24.70 billion for the six months ended June 30, 2021. This was stated in the bank’s consolidated and separate interim financial statements signed by the Company Secretary,...

September 4, 2021 No Responses

LOTUS Bank Opens Three New Branches

Third Non-Interest Bank (NIB) in Nigeria, LOTUS Bank Limited has commenced operations in three new locations in Lagos State. Managing Director of LOTUS Bank, Mrs Kafilat Araoye, in a statement on Friday explained that with the ...

September 4, 2021 No Responses

Sterling Bank Unveils Free Banking Services For NGOs

As part of measures to empower non-profit organisations in Nigeria, Sterling Bank Plc has unveiled Sterling CARES, a free banking service for Non-Governmental Organisations (NGOs). A statement issued on Friday by the Chief Executive Officer of Sterling One Fou...

September 3, 2021 No Responses

Access Bank Declares N86.93b Profit In Six Months

For the six months ended June 30, 2021, Access Bank Plc has reported Profit After Tax (PAT) of N86.93 billion, against N61.03 billion in the comparative period of 2020. The bank’s interim financial statement signed by the Company Secretary,...

August 25, 2021 No Responses

CBN’s Approval Delays Stanbic IBTC H1 Result

Stanbic IBTC Holdings Plc on Tuesday explained the delay in the release of its half-year audited result for the period ended July 31, 2021. Company Secretary, Mr Chidi Okezie in a notice posted on the website of the Nigerian Exchange...