BANKING

March 12, 2020

AfDB Signs First Private Sector Loan-Libya

The African Development Bank (AfDB) has signed an agreement with DAL Group, one of Sudan’s largest conglomerates, for the provision of up to $75 million to improve food security and household incomes in the country.

The"...

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March 11, 2020

Access Emerges Top in CSR Ranking

Access Bank Plc has been ranked the best company in corporate social responsibility (CSR) and sustainability in Nigeria for the year 2019, by Forbes Africa. The ranking was based on a result drawn from impact assessments of 910 organisations operating in Nigeria over the last 13 years.

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March 11, 2020

Vibrant Banking Sector Necessity for Economic Growth, Says Ovia

The founder of Zenith Bank Plc, Mr. Jim Ovia, has stressed the importance of a vibrant banking sector for the diversification of the Nigerian economy.

Speaking at the ‘Going for Growth 2.0,’ in Abuja"...

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March 9, 2020

Unity Bank Introduces USSD in Nigerian Languages

Unity Bank Plc has launched an Unstructured Supplementary Service Data (USSD) banking in Nigeria’s three major languages – Yoruba, Hausa and Igbo.
This, according to a statement, makes the bank the first Nigerian commercial bank to offer USSD in a local language.

...

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March 9, 2020

W/Bank, IFC to Develop Akwa Ibom Economic Zones, Others

The World Bank and the International Financial Cooperation (IFC) have expressed interest in the development of the Akwa Ibom Free Trade Zone project towards the economic benefits of Nigerians.

This is as the acting"...

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March 5, 2020

NOVA Records N1.65bn Profit-

Nova Merchant Bank Limited has released its audited 2019 full year financial results which showed that its profit after tax increased by 44 per cent, to N1.65 billion, compared to the N1.15 billion recorded the previous year.

According"...

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March 4, 2020

EDPA, JARA Nigeria to Open Supermarket in Benin

Riding on the investment drive of Edo State Governor, Mr Godwin Obaseki, the Edo Development and Property Agency (EDPA) in conjunction with JARA will this Friday, open a new discount supermarket in Benin City, the Edo State capital.

The"...

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March 4, 2020

‘Ecobank Providing Trade Opportunities'

Ecobank Nigeria is providing opportunities that supports exporters and importers within the African region.

The bank’s Head Trade Finance, Sunday Abah, was quoted in a statement yesterday, to have said Ecobank’s"...

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March 4, 2020

FBNQUest Merchant Bank Supports Lagos State Infrastructure Development

FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, was appointed by the Lagos State Government (LASG)to act as Joint Financial Advisers to refinance LASGs existing debt and raise additional debt for a combined of N150 billion to fund various"...

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March 3, 2020

GTBank Records N196bn Profit After Tax, Recommends N2.50 Final Dividend

Guaranty Trust Bank Plc yesterday reported its audited results for the year ended December 31, 2019, showing improved performance despite the challenging operating environment. Net interest income improved from N222.433 billion to N231. Impairment charges stood at N4.911 billion in 2019,"...

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