Banks attracted $4.74bn foreign investment into the country in the first half of 2019
Businessam Staff
November 11, 2019
According to the data obtained from the National Bureau of Statistics (NBS), 22 Nigerian banks attracted 33.16 per cent of the total amount of foreign investment recorded in the first half of the year, which stood at $14.31bn. In the first quarter of the year, the total value of capital importation into Nigeria stood at […]
Nigerian banks record N675.9bn non-interest income in 9 months
Businessam StaffNovember 8, 2019
Reaping from a successful strategy six Nigerian banks generated the sum of N675.9bn as non-interest income in the first nine months of the year, an increase of about 12 per cent from N606 billion generated by the banks in the same period last year. Non-interest income is a bank’s income derived primarily from fees including […]
UBA, British Airways deal offers customers discounts for tickets bought with bank cards
Businessam StaffNovember 8, 2019
A deal put together by Nigeria headquartered pan African lender, United Bank for Africa (UBA) plc, and United Kingdom global airline, British Airways, is promising the lender’s cardholders sign Nigeria’s pan African financial institution, United Bank for Africa (UBA) Plc and UK’s mega carrier, British Airways have entered into a partnership to reward loyal customers who […]
Wema bank grows PBT by 55.56%, reiterates commitment to lead digital banking innovation.
Afolabi OluwaseunOctober 31, 2019
Ademola Adebise, MD of Wema Bank Plc. has stated that the bank will continue to thrive in the digital banking space with ground breaking innovations as the bank grows its profit before tax by 55.56 percent to N4.76 billion. Adding that the future of the bank remains with growth through innovation. Making remarks on the […]
FirstBank recognises its top performing Firstmonie agents nationwide
Omobayo AzeezOctober 30, 2019
By Omobayo Azeez First Bank of Nigeria Limited has celebrated its top performing Firstmonie agents across the country. This is in recognition of the contribution of agents towards the bank’s resolve at promoting access to financial services to all Nigerians. The event, with the theme, “Planting Community Heroes Nationwide,” was held in Lagos on Friday. According […]
FEC okays N5.72bn for construction of NDIC offices
Afolabi OluwaseunOctober 30, 2019
The Federal Executive Council, today, approved a total of N5.72 billion for construction and consultancy services for the Nigerian Deposit Insurance Corporation offices. The Minister of Finance, Budget and National Planning, Zainab Ahmed, briefed State House correspondents at the end of FEC meeting chaired by Vice President Yemi Osinbajo at the State House, Abuja. She […]
UBA ups nine months PAT by 32.3% to N82bn
Omobayo AzeezOctober 23, 2019
By Omobayo Azeez Pan-African bank, the United Bank for Africa (UBA) Plc has reposted a growth of 32.3 per cent in its profit after tax (PAT) for the nine months ended September 30, 2019. The bank settled for the PAT, which stood at N81.7 billion at the end of the nine month operations […]
Buhari orders forensic audit of NDDC from 2001 to 2019
Businessam StaffOctober 17, 2019
President Muhammadu Buhari has ordered a forensic audit of the operations of the Niger Delta Development Commission from 2001 to 2019. The decision followed persistent criticisms of the operations of the commission. A statement by Femi Adesia, the special adviser (media and publicity), said Buhari gave the directive after receiving governors of the states that […]
FirstBank underscores essence of supporting customers on 2019 Customer Service Week
Omobayo AzeezOctober 9, 2019
By Omobayo Azeez Nigeria’s oldest financial services provider, First Bank of Nigeria Limited, has emphasized essence of giving support to customers as it joined the rest of the world to celebrate the 2019 Customer Service Week. The lender has embarked on the week-long event to be celebrated from 7 – 11 October 2019 […]
FCMB appoints Olufemi Badeji executive director
Chris IkosaOctober 7, 2019
By Omobayo Azeez First City Monument Bank Group Plc (FCMB) has appointed Olufemi Badeji to the board as eecutive directors in charge of corporate and investment banking. The appointment follows the approval by the Central Bank of Nigeria and it took effect from October 2, 2019, FCMB Group said in a corporate disclosure signed by […]