26.6 C
Lagos, Nigeria
Wednesday, November 22, 2017

BoI issues 30 days ultimatum for pending loan applications

Bank of Industry In a bid to reduce its turnaround time for loan applications, the Bank of Industry (BoI) has issued a 30-day ultimatum to...

13 Fidelity Bank customers win N15m cash prizes

Thirteen customers of Fidelity Bank Plc on Thursday won N15 million in its “Get Alert in Million’’ Promo Reloaded. The News Agency of Nigeria (NAN)...

Stanbic IBTC Pension Managers Ltd pays over N279 billion to retirees

Affirming its status as Nigeria’s largest Pension Fund Administrator (PFA), Stanbic IBTC Pension Managers Limited has paid over N279 billion to retirees since its inception in 2006. Between January and June this...

IMF Executive Board Completes Seventh and Eighth ECF Reviews for Liberia and Approves US$20.7...

  Completion of the reviews enables the immediate disbursement of SDR 14.764 million (about US$20.7 million), bringing total disbursements under the arrangement to SDR...

South African Banks Prepare for Worst as Junk Rating Looms

Lenders face credit downgrades to junk if country is cut Bank share prices and profit growth are already under pressure South African banks are...

Stanbic IBTC Pension Managers Ltd pays over N279 billion to retirees

Affirming its status as Nigeria’s largest Pension Fund Administrator (PFA), Stanbic IBTC Pension Managers Limited has paid over N279 billion to retirees since its inception in 2006. Between January and June this...

Reps To Probe Customs Duties Remitted To CBN

The House of Representatives on Thursday resolved to investigate  customs duties remitted by commercial banks to the Central Bank of Nigeria (CBN) since January. The...

Nasarawa seals 10 bank branches over non-remittance of taxes

The Nasarawa State Internal Revenue Service (NSIRS) has sealed off 10 branches of three banks over alleged failure to remit taxes deducted from customers...

ParadisePapers: Nigeria’s central bank chief, Emefiele, Zenith Bank’s chair, Jim Ovia, in tax avoidance...

The Governor of the Central Bank of Nigeria, Godwin Emefiele, and the Chairman of Zenith Bank Plc, Jim Ovia, have descended into a major...

Between Credit Risk Mitigation and Customer Satisfaction.  

  In order to ensure that the bank is not exposed to undue risks, Stanbic IBTC has developed a framework for adhering to laid down...

UBA gross earnings hit N333.92bn in Q3, 2017

United Bank for Africa (UBA) Plc on Monday reported gross earnings of N333.9 billion and profit before tax(PBT) of N78.3 billion for the nine...

First Bank gears up to achieve customer growth target

First Bank Nigeria Limited is stepping up efforts to ensure that it meets its growth target of 30million customers over the next three years,...

Seven banks control 56.3% of market share in Ghana- Research

Seven out of 25 banks surveyed by accounting professionals, pwc, controlled about 56.3 percent of the market share in 2016 compared with 54.0 percent...

UBA Delights Shareholders

The shareholders of United Bank for Africa (UBA) Plc have approved the payment of N27.2 billion for its financial year ended December 31, 2016....

Wema to Launch First Digital Banking

Wema Bank, one of Nigeria’s oldest banks, says it will launch the first fully digitalised banking service in Africa in the first half of...

UBA Group promotes 3,000 staff

United Bank for Africa (UBA) Plc, Africa’s Global Bank operating in 19 African countries including Ghana, has announced the promotion of 3,000 of its...

As CBN settles matured obligation, external reserves dip by $67m

Nigeria’s external reserves dropped to $30.298 billion as at March 30, 2017 following settlement of matured obligations, mainly foreign exchange (FX) forwards, by the...

$450 million approves by AfDB for Afreximbank

The African Development Bank (AfDB) has announced the approval of a $450 million Trade Finance Package for the African Export-Import Bank (Afreximbank). The facility,...

Nigerians say cashless charges of banks not favourable for SMEs in recesssion

Nigerians have started taking measures to avoid paying the withdrawal and deposit cashless charges which takes effect from yesterday in Lagos and five other...

WEMA Bank Plc Audited Financial Results for the 12 months ended December 31st, 2016

Wema Bank PLC announces its audited 2016 financial results. Reports 18.48% growth in gross earnings driven by a 19.72% and 13.16%growth in both interest...