Zenith Bank emerges best in commercial banking, corporate governance
Anita OkoroJuly 7, 2022
BY Anita Okoro Zenith Bank Plc has emerged as the Best Commercial Bank in Nigeria at the World Finance Banking Awards 2022, retaining the award for a second consecutive year. The bank was also named the ‘Best Corporate Governance Bank, Nigeria’ in the World Finance Corporate Governance Awards 2022. The bank said the awards, which […]
Union Bank’s galloping horse finally gets into stable at Titan Trust
Onome AmugeJune 7, 2022
BY ONOME AMUGE It’s all done now. Titan Trust Bank Limited (TTB) formalised its majority stake acquisition of 89.39 percent of the bank with a galloping horse, Union Bank of Nigeria (UBN) Plc, taking it into its stable, thus officially becoming the controlling investor and majority shareholder in Nigeria’s second oldest bank. The off-market deal, […]
FBNHoldings grows Q1’22 profit to N32.44bn as total earnings hit N180.6bn
Charles AbuedeMay 30, 2022
BY CHARLES ABUEDE First Bank Holdings, Nigeria’s oldest financial institution, has reported a solid 107.7 percent year on year surge in its first quarter profit to N32.4 billion in 2022, according to its financial statement filed to the Nigerian Exchange Limited at the weekend. It also reported a 32.2 percent jump in its gross earnings […]
Nigerian legendary banker, Angola’s finance minister get top African awards
Rosemary IwualaMay 26, 2022
BY ROSEMARY IWUALA Atedo Peterside, the Nigerian legendary investment banker, who founded Stanbic IBTC, which he then led into a merger with South Africa’s Standard Bank; and two powerful African women, Vera Songwe, United Nations under-secretary-general and executive secretary of the Economic Commission for Africa, and Vera Esperanca dos Santos Daves de Sousa, Angola’s […]
10 banks’ mouth watering N275.83bn non-interest income takings in Q1’22
Charles AbuedeMay 11, 2022
BY CHARLES ABUEDE The total earnings of some of Nigeria’s major banks in the first quarter of 2022 have been buoyed principally by a significant rise in their non-interest income, an analysis of the numbers churned out in their first quarterly statements for the year has shown. Banks in the country have, over the years, […]
Access, GTB, BoI, others go head to head for ‘African Bank of the Year’
Charles AbuedeMay 3, 2022
BY CHARLES ABUEDE With over 60 nominees shortlisted in various categories for the 2022 edition of the African Banker Awards, organised by the African Banker Magazine, the stage is set for Accra, Ghana where banks from Nigeria and other African countries, including Access Bank, Guaranty Trust Holding Company, Ecobank Transnational Incorporated, Bank of Industry, Bank […]
CBN licences Premium Trust Bank raising number of banks in Nigeria
Charles AbuedeApril 23, 2022
CHARLES ABUEDE The number of banks operating in Nigeria has again risen with commencement of operation by Premium Trust Bank after it was granted a commercial banking licence by the Central Bank of Nigeria (CBN). The Nigerian banking space is continuing to witness the entrance of more players and the new players have been helping […]
FCMB posts N212bn 2021 revenue, sees higher digital platform earnings
Charles AbuedeApril 21, 2022
BY CHARLES ABUEDE FCMB Group has said it will leverage its digital platforms for the acquisition of an additional 1.5 million transacting customers across the group in the year 2022 as it reported more than 23 percent year on year growth in total customer deposit to N1.6 trillion in 2021 from N1.3 trillion in 2020. […]
Bankers want to use commodities ecosystem drive CBN’s RT200 FX
Onome AmugeMarch 21, 2022
BY: OMOME AMUGE Bankers and other operators in the Nigerian financial market have identified deployment of commodities ecosystem as a potent way by which the Central Bank of Nigeria (CBN) can achieve the plan to generate $200 billion in the next three to five years through its RT 200 FX policy. By the set of […]
Access Bank N15bn Green Bond rated ‘Aa-’ stable outlook by Agusto & Co.
Charles AbuedeMarch 10, 2022
BY: CHARLES ABUEDE Agusto & Co., Nigeria’s leading rating firm, has affirmed the ‘Aa-’ rating allocated to the N15 billion 5-year fixed rate Senior Unsecured Green Bond of Access Bank Plc with a stable outlook, the company disclosed in a rating release made available to Business A.M, in which it added that the rating expires […]