CBN Financial data obtained by The Guardian suggest that deposit money banks (DMBs) had less reason to worry about liquidity last year as borrowing from the Central Bank of Nigeria (CBN) to meet urgent short-term needs dropped by 15.3 per cent to N11.01 trillion. In 2021, banks borrowed a total of N13.01 trillion from the […]
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Amid harsh operating environment, Fidelity Bank Plc has posted Profit Before Tax (PBT) of N25.1 billion for its half-year (H1) 2022 operations, against N20.6 billion achieved in the corresponding period in 2021. Specifically, an analysis of the bank’s half year performance showed that PBT rose by 21.6 per cent, from N20.6 billion to N25.1 billion, […]
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The size of banks may not be a competitive advantage in the new phase of centralised finance, Special Adviser to the President on Finance and Economy, Mrs. Sarah Alade, has said. Speaking at the Chartered Institute of Bankers of Nigeria (CIBN) Presidential Valedictory Address in Lagos at the weekend, she cautioned banks thinking size is […]
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Company Secretary, Bank of Industry (BOI), Mrs Olufunlola Salami (left); Chairman, Aliyu AbdulRahman Dikko; Managing Director/CEO, Olukayode Pitan; Executive Director, Micro Enterprises, Mrs. Toyin Adeniji, and Executive Director, SME, Shekarau Omar, during the Bank’s 62nd yearly general meeting in Abuja, yesterday BoI total assets falls to N1.71tr Despite challenges occasioned by the COVID-10 pandemic, the […]
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Zenith Bank Plc has emerged the Best Bank in Nigeria in the Global Finance Magazine’s Best Banks Awards. The bank was recognised for its resilience and profitability in the face of Nigeria’s challenging macroeconomic environment. The Tier-1 bank retained the award for the third consecutive year. The bank joined others from 36 countries in Africa […]
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Nigeria’s largest lender in the SME space, Access Bank plc, has unveiled an online account opening platform for unregistered businesses. The online account opening platform is a paperless and seamless digital process which allows customers to register their business account within five minutes without visiting a branch. And it is available for anyone above 18 […]
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Ecobank Nigeria has unveiled a state-of-the-art branch and digital experience centre strategically located at the heart of the highbrow Admiralty Way in Lekki area of Lagos. Officially opening the branch to the public, Managing Director/Regional Executive, Patrick Akinwuntan said it is part of the bank’s digital transformation drive to provide seamless world-class banking services to […]
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Access Bank Plc is set to reward 14 customers with N1 million each in the DiamondXtra Independence Splash to commemorate Nigeria’s 61st Independence Anniversary. Mr Victor Etuokwu the bank’s Executive Director, Retail Banking, made this known in a statement made available to the newsmen in Lagos on Monday. “The DiamondXtra Independence Splash draw which is […]
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Guaranty Trust Bank, now Guaranty Trust Holding Company Plc, has posted a profit before tax of N93.1 billion for the six months ended June 30, according to the Group Chief Executive Officer of Guaranty Trust Holding, Mr Segun Agbaje. Disclosing the company’s audited financial results for the period ended June 30, on Friday, in Lagos, […]
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A foremost Nigerian bank, Access Bank Plc, has announced a total assets worth of a whopping N10.06 trillion for the half year ended June 30, 2021 as against N8.68 trillion reported in full year ended December 31, 2020 indicating 16 per cent increase. It said that the impressive increase in total assets was driven by […]
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