Global Finance lists 4 Nigerian-owned banks as key players in Africa’s economic landscape

UBA, GTBank, Access Bank, Zenith Bank show resilience, adaptability across multiple countries Leadership, management get praise Onome Amuge A recent report by Global Finance, a globally renowned financial magazine, has recognised  four Nigerian-owned banks, United Bank for Africa (UBA), GTCO, Access Bank, and Zenith Bank, among the best performing financial institutions in Africa for the […]

Aig-Imoukhuede, Access Holdings chair, leads France Nigeria Business Council as new president 

Aigboje Aig-Imoukhuede, chairman, Access Holdings PLC, in a handshake and a tête-à-tête with the French President, Emmanuel Macron at a meeting of the France-Nigeria Business Council (FNBC), while Gilbert Chagoury looks on, in Paris…Monday. Business a.m. Nigerian banker, investor, and chairman of Access Holdings Plc, Aigboje Aig-Imoukhuede, has been appointed as the new president of […]

Banking sector regulation is over complex and disproportionate — Ravi Takhar, CEO of UK’s LSE listed Orchard Funding Group PLC

High minimum capital good for incumbent banks, creates oligopoly, stifles competition Capital, liquidity important, but must be in context of banks’ business plan  RAVI TAKHAR, with 35 years plus’ experience in the creation, acquisition, financing, disposal and growth of financial businesses, is the chief executive officer of the London Stock Exchange listed Orchard Funding Group […]

Nigerian banking sector boom seen in N1.3trn Q1’24 pre-tax profit haul

Nigerian Banks: Weathering the market storm

  GTCO, Zenith, Access, UBA lead the way Onome Amuge A booming Nigerian banking sector continues to show itself in two earnings seasons that have rolled in in quick succession, from the release of full-year 2023 financials to first quarter 2024 results announcements that have shown earnings and profitability in far more healthy conditions than […]

ccess Bank SL Ltd strengthens leadership team with key board appointments

Maurice Cole to replace Alice Onomake as chairman Business a.m. Access Bank Sierra Leone Ltd (Access Bank (SL) Ltd) has recently fortified its leadership team by appointing new executives to its board of directors. This move,according to the bank, not only strengthens its leadership but also accelerates the implementation of its growth and transformation strategy, […]

Zenith Bank flaunts financial strength with N125.59bn dividend payout to shareholders

Business a.m. Zenith Bank Plc shareholders recently approved a final dividend payment of N3.50 per share, totaling N125.59 billion in dividends for the 2023 financial year.  The dividend payout of N4.00 per share cements Zenith Bank Plc’s position as the bank with the highest dividend in Nigeria, showcasing its  commitment to rewarding its shareholders and […]

Zenith Bank’s Q1’24 gross revenue soars 189% to reach N781bn

Zenith Bank delivers 41% gross earnings growth to N270bn in Q1 2023

Business a.m. Zenith Bank Plc has once again demonstrated its financial prowess with a remarkable triple-digit surge of 189 percent in gross earnings, rising from N270 billion in Q1 2023 to N781 billion in Q1 2024. A deeper dive into the company’s  unaudited results for the first quarter ended 31st March 2024, reveals an impressive growth […]

Fidelity Bank positive Q1’24 results show PBT swells 120% to N39.5bn 

Nneka Onyeali-Ikpe, managing director/CEO, Fidelity Bank Plc Onome Amuge The first quarter 2024 numbers have come in for Fidelity Bank Plc, and they show the bank continuing its upward climb as profit before taxation (PBT) soared 120.1 percent to N39.5 billion from the N17.9 billion recorded for the same period in 2023. The positive performance […]

UBA sees 155% jump to N156.3bn PBT in Q1’24

Oliver Alawuba, group managing director/CEO, United Bank for Africa Plc Onome Amuge UBA Group recently released its unaudited financial statements for Q1 2024, showcasing its financial resilience with an impressive 155 percent year-on-year surge in profit before taxation (PBT) to N156.3 billion from the N61.4 billion posted in Q1 2023. The impressive financial performance of […]