Bureaux de Change (BDCs) operators yesterday rejected Central Bank of Nigeria’s (CBN’s) directive that operators make at least three dollar purchases weekly or be sanctioned. The apex had also threatened to punish banks that fail to instantly sell foreign exchange…
There are remarkable improvement in the contributions of subsidiaries of Access Bank to the bank’s strong performance for the nine months unaudited financial results ended September 30, 2018 recently released to the management and stockbrokers of the…
Sterling Bank Plc has announced its third-quarter 2018 results revealing strong top-line growth and increasingly efficient credit risks and cost management practices to deliver a healthy 39 per cent growth in net profit during the period. Unaudited report and accounts
Wema Bank, one of Nigeria’s oldest indigenous banks, moved its corporate financial numbers massively in the third quarter (Q3) of the year. The banks third quarter 2018 result is a throwback to the days when the bank was one of the leading financial…
Provision for loan losses by commercial banks in the country has dropped, reflecting an improvement in loan repayment. This was revealed by the nine-month results of some of the banks quoted on the Nigerian Stock Exchange (NSE) released recently,…
Mr. Ademola Adebise, the Managing Director/CEO of Wema Bank, in an interview with SYLVESTER ENOGHASE, spoke on the bank’s recent impressive posting in the third quarter of 2018, its Alat digital banking service and financial inclusion efforts, among others…
Despite improvements in macroeconomic fundamentals, the banking industry will need to embark on fundamental transformation to protect their balance sheets and future growth against new headwinds, according to Afrivest West Africa Limited…
AVERSION for credit risk may have begun to take more serious toll on top banks in Nigeria, otherwise referred to as tier-1 banks. Consequently, despite massive assets deployed in the course of the year, their third quarter 2018, Q3’18, financial results…
Fidelity Bank Plc has posted a growth of 23.58 per cent in its profit after tax for the nine month financial performance, ended September 30, 2018. The bank’s results for the period under review released on the Nigerian Stock Exchange (NSE) at the weekend…
Diamond Bank Plc, said its strong focus on the Nigerian market, especially the retail sector through its technology led retail strategy to drive growth and position SMEs for competitiveness. The bank in a statement to LEADERSHIP at the weekend, made this…
Heritage Bank Plc has affirmed its commitment to continuous partnership with Rivers State Government in its effort to make art and culture a unifying factor and a major contributor to the Gross Domestic Product (GDP) of the country. Managing director and…
The Managing Director and Chief Executive Officer of Heritage Bank, Mr. Ifie Sekibo, has called on financial institutions and the three tiers of government to support agriculture and small and medium scale businesses to fast track the nation’s quest to move from…
Why Ecobank takes digital platform security seriously – CEO
For us at Ecobank, from the Pan-African standpoint, yes, I led the consumer business for over two years for the group and in those first two years as part of our five-year strategy, we stated that we were going to focus on building the foundations, which meant that…
