Zenith Bank Plc has achieved N505 billion profit before tax in its unaudited results for the third quarter ended September 30, 2023. This represents 149 per cent significant leap from N202.5 billion it achieved in the third quarter of 2022. The bank’s profit after tax stood at N434.2 billion, representing 149 per cent growth from […]
Continue Reading
Access Bank, Nigeria’s top financial institution with a global presence is set to splash millions of Naira and mouth-watering freebies on its existing and new customers. The campaign tagged “Xtrawins, Transact and Win”, runs from October 1 to December 31st, 2023, the bank said in a statement. Speaking to newsmen at the launch of the […]
Continue Reading
United Bank for Africa (UBA) has released its audited financial results for the full year ended December 31, 2022, showing impressive performance across major indices. The 2022 financials, filed by the bank at Nigerian Exchange Limited (NGX), yesterday, showed that gross earnings rose to N853.2 billion from N660.2 billion recorded in 2021, representing 29.2 percent […]
Continue Reading
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 […]
Continue Reading
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, […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
