Ecobank shines at Asian Banker awards
Ecobank Transnational Incorporated (ETI) and its two affiliate countries Nigeria and Ghana have emerged winners in three strategic categories of The Asian Banker – West Africa Awards 2018, the lender said in a statement.
GTBank’s Q1 profit up on revaluation gains
Guaranty Trust Bank (GTBank) Plc, Nigeria’s largest lender by market value, has once again surmounted the tough and volatile macroeconomic environment as first quarter profit increased, thanks to foreign exchange revaluation gains.
W’Bank Report Shows Rise in Financial Inclusion
Financial inclusion is on the rise globally and has been accelerated by mobile phones and the internet, a report by the World Bank has shown. According to the report, gains have been uneven across countries.
First Bank, CCECC, Access Bank win big at Toyota Awards
FIRSTBANK of Nigeria Plc, China Civil Engineering Construction Corporation, CCECC, and Access Bank Plc were named winners at the recent Toyota Nigeria Limited Customer of the Year Awards for their patronage of the brand in 2017.
EIB, AfDB invest $70m in Development Bank of Nigeria
The Development Bank of Nigeria’s capacity to effectively carry out its mandate of giving loans to Small and Medium Enterprises (SMEs) in the country got a significant boost recently as it received a $20-million equity stake from Europe’s
Zenith Bank Plc Records N47 Billion Profit After Tax in First Quarter
Zenith Bank Plc has reported a profit after tax (PAT) of N47.079 billion for the first quarter ended March 31, 2018, showing an increase of 26 per cent from N37.449 billion recorded in the corresponding period of 2017.
Sterling Bank Launches Mobile App
Sterling Bank Plc has launched a new mobile banking application known as I-invest, in a bid to encourage people to build a savings and investment culture. The new application is supported on Android and IOS devices.
World Bank Reaffirms Support For Nigeria’s Economic Recovery, Growth Programmes
The World Bank has reiterated its commitment to supporting Nigeria’s Economic Recovery and Growth Programmes. The acting country director of the bank, Nigeria, Khairy AlJamal made this known during a briefing held at the…
Robbers kill policeman in Ekiti bank attack
Armed robbers on Thursday reportedly killed a policeman in an attack on a First Bank of Nigeria Limited in Ifaki-Ekiti, in the Ido/Osi Local Government Area of Ekiti State. It was learnt that another mobile policeman on duty on the bank.
Delta empowerment scheme attracts World Bank’s sponsorship
Efforts by Delta State Government to empower youths have caught the attention of the World Bank, which has subsequently sponsored one of the programmes. Disclosing this in Asaba, the Secretary to the Delta State Government,
Appeal court freezes Fayose’s bank account
The Appeal Court sitting in Ado Ekiti on Thursday froze the accounts of the Ekiti State Governor, Ayodele Fayose, with the Zenith Bank. The three-man panel led by Justice Joseph Ikyegh set aside the judgment of justice Taiwo O Taiwo of
World Bank boss urges Africa to grow with digitalised economies
The World Bank Group President, Mr. Jim Kim, has urged African countries to grow digitalised economies and spread advanced technologies in order not to lose millions of jobs. Kim gave the advice on Thursday in Washington DC, in a press conference to mark the official opening of the 2018 IMF/World Bank Spring Meetings.
Benue Govt Seals Banks over Unpaid Taxes
George Okoh in Makurdi Benue State has remained sealed a day after the Benue State Internal Revenue Service (BIRS) sealed six establishments in Makurdi due to their failure to pay taxes. The affected banks are:
Borrow less, invest more in human capital, World Bank cautions Africans
With global debts at all-time high of $146 trillion, African countries, including Nigeria, have been advised to exercise some restraint on excessive borrowing in order to protect their economies from financial risks,
Ecobank, MTN collaborate to boost financial inclusion in Africa
MTN Group and Ecobank Transnational Incorporated have come together to provide mobile financial services across the various African countries where they currently operate. The partnership, which was announced on Tuesday in Lagos,
CBN injects another $210m into FX market
The Central Bank of Nigeria (CBN) says it has again injected 210 million dollars into the Foreign Exchange (Forex) market in continuation of its intervention in the sector. A statement by Isaac Okorafor, Acting Director, Corporate…
Forex, crude oil price volatility remain key risk to businesses’
As the nation’s business environment continues to show encouraging signs of improvement through resurgence in consumer confidence, moderating inflation, amongst others, KPMG Nigeria has indicated…