Nigeria non-interest bank, Jaiz Bank CEO explains reason for losses

Mallam Hassan Usman, CEO of Jaiz Bank Plc was at the Nigerian Stock Exchange on Wednesday to present the facts behind the bank’s recently released financial figures. Speaking specifically on the financial statements for the period ended Q1 March 31st 2018, wherein Profit after tax dropped 28 percent, Hassan pointed that major political activities such […]

Zenith Bank Nigeria introduces pounds sterling, Euro visa debit cards

Zenith Bank Nigeria Plc. is enhancing the ability of its customers to perform international transactions with the introduction of the Zenith Bank British Pounds and Euro Visa Debit Cards. The cards are designed to provide customers with more spend flexibility by enabling them to access their Pounds and Euro domiciliary accounts from anywhere in the […]

Fidelity Bank reaches out to customers with digital banking campaign

Fidelity Bank began a renewed move to reach out to its customers Monday when it flagged off what it called a digital banking awareness campaign week in Lagos. Dubbed “Go Digital” the week-long campaign is being championed by the bank’s south-west directorate and while it is on, would involve creating awareness for the bank’s electronic […]

FCMB Group offers 10k dividend on 29.6% fall in FY 2017 profit

FCMB Group Plc. has released its financial statements for the year ended December 2017, recording a 29.6 percent drop in earnings before tax from N16.2 billion in 2016 to N11.4 billion in 2017. Similarly profit after tax fell to N9.4 billion in the review period from N14.3 billion in 2016, representing a decline of 34 […]

GTBank seeks to create more value for customers, collaborates with FinTechs

Segun Agbaje, the managing director Guaranty Trust Bank (GTBank) Plc, asserted that banks and financial technology (FinTechs) need to partner to create more value for their customers. The bank’s MD said this while speaking at the ongoing Social Media Week (SMW), at the Landmark Event Centre, Lagos. He said the meeting was also about collaboration […]

Fintech boosts financial inclusion rate in Africa to 34%

Ecobank, the pan-African banking group, has highlighted the complementary role of fintech in financial inclusion on the continent, saying that fintech has helped boost inclusion rate to 34 percent. In an announcement of its role as sponsor of the 2018 Africa Tech Summit, which opens Today, Wednesday, February 14, 2018, in Kigali Rwanda, the bank […]

BoE keeps rate at 0.5%, warns rate hike sooner than expected

The Bank of England voted unanimously to keep the Bank Rate at 0.5 percent on February 8th as widely expected, saying that inflation is expected to remain around 3 percent in the short term, reflecting recent higher oil prices. The bank also warned that interest rates may rise sooner than anticipated, as the economy will […]