Ecobank extends remittance services to Nigerian business account holders
Onome AmugeJuly 25, 2022
By Onome Amuge. Ecobank has announced the extension of its innovative remittance services to enable business account holders to receive and enjoy more robust remittance services from anywhere in the world via the Ecobank Rapid Transfer service. The development, according to the bank, is to enable Nigerian business account holders receive funds sent through Ecobank […]
Access Bank opens applications for its 4th Womenpreneur Pitch-a-Ton Africa
Chisom NwatuJuly 25, 2022
BY Chisom Nwatu. Access Bank has called on women entrepreneurs globally to apply for the 4th edition of its Womenpreneur Pitch-a-Ton Africa in continuation of its effort to empower female entrepreneurs with financial and business skills. Abiodun Olubitan, group head, W Initiative, Access Bank Group, disclosed this at a media roundtable for the unveiling of […]
Zenith retains Nigeria’s number one bank position for 13th consecutive year
Onome AmugeJuly 25, 2022
BY Onome Amuge. Zenith Bank Plc has been ranked the number one bank in Nigeria by Tier-1 capital in the 2022 Top 1,000 World Banks ranking published by The Banker Magazine, an international affairs publication owned by the Financial Times Ltd. The Nigeria-based multinational financial service provider amassed a Tier-1 Capital of $2.75 billion to […]
Nigeria’s central bank raises benchmark lending rate to 14% to tame inflation
Chisom NwatuJuly 19, 2022
BY Chisom Nwatu. The Central Bank of Nigeria has increased the Monetary Policy Rate (MPR) by 100 basis points to 14 percent, a move it believes would promote stability in the midst of rising inflation. Godwin Emefiele, the CBN governor, announced the decision on Tuesday, 19 July, 2022 at the end of a two-day meeting […]
UBA Group eyes $7.7trn MEASA economy in DIFC, Dubai landing
PHILLIP ISAKPAJuly 18, 2022
A grouping of at least 72 countries, three billion people and a gross domestic product (GDP) size of $7.7 trillion appears to have strongly grabbed the attention of the board of Nigeria-headquartered Africa’s global bank, United Bank for Africa (UBA), enticing it to make a landing in Dubai, the United Arab Emirates (UAE) in its […]
At first anniversary, LOTUS forays into agency banking to deepen operation
Chisom NwatuJuly 14, 2022
BY Grace Airhule LOTUS Bank, a non-interest Nigerian bank, has expanded into agency banking with a new branch in the country’s commercial centre of Lagos in order to deepen its operation. The bank, as part of its first anniversary, commissioned its 20th branch in Idumota, Lagos Island, and launched its first agency banking, LOTUSMART, to […]
Standard Chartered co-sponsors 2022 Global Trade Review conference
Anita OkoroJuly 7, 2022
By Anita Okoro Standard Chartered Bank participated as a gold sponsor at the 2022 GTR West Africa conference held in Lagos recently. The event, which focused on ‘Pinpointing opportunities in a volatile trade environment’, attracted over 400 delegates with participation across over 300 companies, and over 40 speakers who are subject matter experts from corporates, […]
Zenith Bank emerges best in commercial banking, corporate governance
Anita OkoroJuly 7, 2022
BY Anita Okoro Zenith Bank Plc has emerged as the Best Commercial Bank in Nigeria at the World Finance Banking Awards 2022, retaining the award for a second consecutive year. The bank was also named the ‘Best Corporate Governance Bank, Nigeria’ in the World Finance Corporate Governance Awards 2022. The bank said the awards, which […]
Union Bank’s galloping horse finally gets into stable at Titan Trust
Onome AmugeJune 7, 2022
BY ONOME AMUGE It’s all done now. Titan Trust Bank Limited (TTB) formalised its majority stake acquisition of 89.39 percent of the bank with a galloping horse, Union Bank of Nigeria (UBN) Plc, taking it into its stable, thus officially becoming the controlling investor and majority shareholder in Nigeria’s second oldest bank. The off-market deal, […]
FBNHoldings grows Q1’22 profit to N32.44bn as total earnings hit N180.6bn
Charles AbuedeMay 30, 2022
BY CHARLES ABUEDE First Bank Holdings, Nigeria’s oldest financial institution, has reported a solid 107.7 percent year on year surge in its first quarter profit to N32.4 billion in 2022, according to its financial statement filed to the Nigerian Exchange Limited at the weekend. It also reported a 32.2 percent jump in its gross earnings […]