Afreximbank claims dominance in ESG Capital Markets Awards
Post AMUGE
April 24, 2024
Business a.m. The African Export-Import Bank (Afreximbank), the shining star of Africa’s financial stage, dominated the recent Bonds, Loans and ESG Capital Markets Africa Awards 2024, clinching six accolades at the event held in South Africa. The highly coveted awards, presented on the sidelines of the conference on March 6, recognised Afreximbank’s exceptional performance in […]
Aig-Imoukhuede returns to chair Access Holdings after 10 years
Post AMUGEMarch 13, 2024
Business a.m Aigboje Aig-Imoukhuede, who, along with late Herbert Wigwe, the immediate past group chief executive officer of Access Holdings Plc, was the brain behind the acquisition and transformation of Access Bank Plc in 2002 and led it as group managing director and chief executive officer before retiring in 2013, is making a strategic return […]
When Citibank pioneer alumni hosted Cardoso, the CBN governor
Post AMUGEDecember 10, 2023
… and he got a bull’s head The 1984 alumni and pioneer set of Citibank Nigeria recently gathered for a private dinner at a venue in Ikoyi, Lagos. The event was held to celebrate the appointment of Olayemi Cardoso, one of their own, as the governor of the Central Bank of Nigeria. Cardoso, who is […]
UBA wins FT’s The Banker’s Africa top award, best bank in 8 countries
Post AMUGEDecember 4, 2023
Bank of the Year Africa 2023 Best bank in Cameroon, Chad, Ghana, Cote d’Ivoire, Mozambique, Republic of Congo, Sierra Leone, Tanzania By Business a.m. Reporter Nigeria headquartered multinational financial institution, United Bank for Africa (UBA) Plc, justified its famous tag, Africa’s global bank, in London, United Kingdom, when it won this year’s ‘Bank of […]
UBA sets new benchmark to emerge Nigeria’s most profitable bank in HI’23
Onome AmugeSeptember 28, 2023
By Onome Amuge The United Bank of Africa (UBA) has emerged the most profitable bank in Nigeria so far in 2023 as its key financial metrics and revenues from its operations surpassed that of its counterparts in the banking industry, setting new benchmarks for profitability, resilience and expansion within the Nigerian banking space. During the […]
Nigerian banks lose N12.2bn to electronic payment fraud in H1 2023
Onome AmugeSeptember 25, 2023
By Onome Amuge. Digital commerce firm, Interswitch has reported that Nigerian banks suffered a financial loss amounting to N12.2 billion from electronic payment fraud which pervaded the banking industry in the first half of 2023. The leading African integrated payments and digital commerce platform company also noted that an estimated N35 billion fraud attempts were […]
CBN unveils online portal to accelerate microfinance banks licence applications
Business a.m.September 21, 2023
Business A.M The Central Bank of Nigeria (CBN) has unveiled a new online platform for the submission of Microfinance Banks (MfBs) license applications, known as the CBN Licensing, Approval and Other Requests Portal (CBN LARP). The apex bank made the announcement in a statement signed recently by Isa AbdulMumin, the director of corporate communication, noting […]
Ecobank upgrades branches to enhance quality service delivery
Cynthia EzekweSeptember 5, 2023
By Cynthia Ezekwe. Ecobank Nigeria Limited, an affiliate of the Ecobank Group, the pan-African banking group, has commenced the remodelling of its branches across the country to enhance quality service delivery, and good customer experience. The pan-African bank noted that the upgrade will turn its existing banking halls into modern smart banking arenas designed […]
Optimus Bank debuts with commitment to transform financial services sector
Onome AmugeAugust 21, 2023
By Onome Amuge. Optimus Bank Limited, a newly launched national commercial bank,has pledged to revolutionise the Nigerian banking experience by delivering innovative, sustainable and scalable solutions to individuals and businesses,while fostering global financial growth in the banking industry. Oghogho Akpata, chairman, Optimus Bank,expressed the bank’s commitment during its grand opening and formal launch in Lagos, […]
CBN’s long awaited financials reveal $7.5bn owed Goldman Sachs and JP Morgan
Business a.m.August 11, 2023
Business A.M The Central Bank of Nigeria (CBN) said it owes JP Morgan and Goldman Sachs a combined sum of $7.5 billion as of the financial year ended December 2022, and another $6.3 billion included as liabilities owned in foreign currency forwards. This is according to the apex bank’s consolidated financial statements covering the 2016, […]