Access Bank subsidiaries contribute 116% to group profit in 2018
Adesola Afolabi
March 16, 2019
Subsidiaries of Access Bank Plc contributed 116 percent of the overall group profit of the bank, Herbert Wigwe, CEO and managing director has revealed. According to him, an effective implementation of the bank’s overall strategy, led to the Bank’s subsidiaries to Group profits growing by 116 percent to N27.9 billion. The banking group’s recently released […]
First Bank group plans 125km “Relay Walk” to mark anniversary
Adesola AfolabiMarch 14, 2019
First Bank of Nigeria Plc and other corporate entities in the FBN Holdings group would jointly have a 125km relay walk to celebrate the bank’s 125 years of unbroken business operations in commemoration of its 125 years anniversary, on Saturday March 16, 2019. The bank disclosed this in an emailed statement as a follow up […]
Diversified revenue base aids Stanbic IBTC’s N222.4bn gross earning growth in 2018
Adesola AfolabiMarch 13, 2019
Stanbic IBTC Bank’s 2018 full year result has shown a five percent growth in gross earnings of of N222.4 billion in 2018 from N212.4 billion in 2017. The result was released to the Nigeria Stock Exchange. The growth was anchored on the bank’s diversified revenue strategies. This growth was primarily driven by the 15.1 percent […]
Coronation wins top investment bank in Nigeria
Afolabi OluwaseunFebruary 19, 2019
Coronation Merchant Bank has been named the best investment bank in Nigeria by Global Finance magazine in its 20th annual World’s Best Investment Banks. After a series of exclusive surveys, which will be published in the April 2019 issue, the world-renowned financial magazine recognized Coronation Merchant Bank as the Best Investment Bank in Nigeria along with Barclays, […]
FirstBank boosts customer experience with cash back offer on card use
Adesola AfolabiSeptember 10, 2018
First Bank Nigeria Limited is running a campaign, which aims primarily to delight customers, by seeking new methods of giving a memorable experience through the usage of their varied card services. The bank launched a four-month campaign scheduled to end September 2018 giving customers who use their cards for international transactions the privileged to be […]
Akinwuntan takes over at Ecobank Nigeria, promises customer-friendly banking services
Justice OkamgbaSeptember 5, 2018
Patrick Akin Akinwuntan, managing director and regional executive of Ecobank Nigeria starts his new role today and has pledged to ensure customer-friendly banking services to every household in Nigeria. According to Akinwuntan, Nigerians can expect a more customer-friendly Ecobank as well as a continued market-leading banking innovation that will make their banking easier, more convenient […]
NOVA Merchant Bank appoints acting managing director, CEO
Businessam StaffSeptember 3, 2018
NOVA Merchant Bank Limited has announced the appointment of Anya Duroha as acting managing director following the exit of Chinedu Ikwudinma, the erstwhile managing director. The appointment, which is subject to approval of the Central Bank of Nigeria, became effective August 30, 2018. Prior to the appointment of Duroha as the acting managing director / […]
UBA appoints 4 new board members
Anthony OgboSeptember 3, 2018
The board of directors of the United Bank for Africa has announced the appointment of four new board members, including Erelu Angela Adebayo, Angela Aneke, Abdulqadir Jeli Bello and Isaac Olukayode Fasola. The new board members, whose appointments are subject to the approval of the Central Bank of Nigeria (CBN), would replace Rose Okwechime, Adekunle […]
Diamond, Facebook cohost “Shemeansbusiness” training for female entrepreneurs
Businessam StaffSeptember 3, 2018
Diamond Bank in partnership with Facebook has commenced the first phase of targeted training for small and medium-scale enterprises (SME) owners to enhance their businesses through online marketing platforms. The training exercise, which commenced in Calabar, Cross River State on 30 August 2018, with over 120 SME owners in attendance, is aimed at scaling up […]
Nigeria’s GTBank declares N109.6bn profit in H1 2018, proposes 30 kobo interim dividend
Adesola AfolabiAugust 9, 2018
Guaranty Trust Bank Plc. has reported a profit before tax of N109.6 billion for the half-year period ended June 30 2018. The reported profit is 8.4 percent higher than N101.1 billion recorded one year ago. The profit, buoyed by a 5.9 percent increase in gross earnings of N226.6 billion during the review period was also […]