Banking

Uba House

UBA Pays Shareholders’ N0.20 Interim Dividend, Grows Half Year Profits By 21%

Nigeria’s leading financial institution, United Bank for Africa Plc has grown its half year profit by 21 per cent as shown in its audited financial results for the period ended June 2019, showing impressive growth across key performance indices, from significant contributions from its African subsidiaries. In spite of the increasingly unpredictable environment witnessed in […]

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Red Tv

REDTV’s Red Hot Topics Goes Live… As Millennials Bare All

Following the immense success of its drama series, The Men’s Club (TMC), REDTV is about to launch its own chat show, Red Hot Topics. The show follows a panel of young people discussing current and hot topics that affect everyday life. They will openly and frankly touch on topics ranging from equality to infidelity, sex, […]

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Wigwe

Access Bank Woos Customers With New Quick Loan Scheme

One of Nigeria’s biggest bank, Access Bank Plc, has introduced Quick Loan Scheme or Payday Loan with a daily loan target of N400 million to at least 20,000 customers. On the bank’s website, they highlight that you do not need to have a salary account in Access Bank for you to access the Payday loan. […]

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Emefiele

CBN Outlines Conditions for Floating Of Subsidiaries, SPVs by DFIs

The Central Bank of Nigeria (CBN) has unveiled conditions for the establishment and operations of subsidiaries and special purpose vehicles (SPVs) by Development Finance Institutions (DFIs). The Bank in a letter to all DFIs that was signed by its Director, Other Financial Institutions Supervision Department, Mrs. Tokunbo Martins, a copy of which was posted on […]

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Nnamdi Okonkwo

Fidelity Bank Records 16% Increase In Half Year Profits

Nigeria’s major lender, Fidelity Bank Plc has delivered a strong financial performance in its first half year ended financial year, with a record double-digit growth in key revenue while it also recorded significant traction in digital banking, despite the country’s challenging and fiercely competitive business environment. Details of the audited half-year result for the period […]

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Uba

UBA Grows Half Year Profits By 21%, Pays Shareholders N0.20 Interim Dividend

Pan African financial institution, United Bank for Africa Plc has announced impressive growth across key performance indices, following significant contributions from its African subsidiaries to the institution’s audited half year ended June 2019 financial results. In spite of the increasingly unpredictable environment witnessed in some of its countries of operations, the pan African financial institution […]

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CBN, Bankers’ C’tte Back Unpaid Loans Recovery From Deposits In Other Banks

In the bid to check abuses over bank loans as well as assist money deposit banks in the country that are yet to meet the required Loans to Deposit Ratio (LDR) of 60 per cent by September 30, the Bankers’ Committee has agreed that, loan defaulters would henceforth be made to forfeit their deposit assets […]

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Emefiele

CBN, Bankers’ C’tee Back Unpaid Loans Recovery From Deposit In Other Banks

In the bid to check abuses over bank loans as well as assist money deposit banks in the country that are yet to meet the required Loans to Deposit Ratio (LDR) of 60 per cent by September 30, the Bankers’ Committee has agreed that, loan defaulters would henceforth be made to forfeit their deposit assets […]

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Elumelu

Elumelu At TICAD Africa Development Conference In Japan, To Advance Entrepreneurship

Eminent Banker and Philantropist, Mr. Tony Elumelu, the Founder of Tony Elumelu Foundation and the Chairman of the United Bank for Africa (UBA), is expected to speak at the Seventh Tokyo International Conference on African Development (TICAD), taking place in Yokohama, Japan from August 28 – 30, 2019. As the leading voice of African entrepreneurship […]

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Pricewaters

Remittances To Nigeria To Hit $34.8bn In 2023

Multinational professional auditing firm, PriceWaterhouse Cooper (PwC), has predicted that diaspora remittances to Nigeria is expected hit $25.5 billion by the end of the year and $34.8 billion by 2023. The firm expressed belief that such inflow would continue to strengthen the Nigerian economy in the coming years. According to PwC’s latest White Paper Series, […]

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Transparency

Ghana, Nigeria Top Transparency International Africa’s Most Corrupt Countries Rating

Transparency International (TI) has disclosed in a latest report that Ghana has earned its rating as the second most corrupt country in Africa, followed by Nigeria, with South Africa perceived as the most corrupt nation on the continent. The Corruption Perception Index (CPI) by the TI stated that about 71 per cent of people living […]

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Zenith

Zenith Bank’s Half Year Profits Rises To N111.68bn

Zenith Bank Plc has reported an of increase of N111.68 billion in its half year ended June 30, 2019, financial results, compared to the N107.36bn recorded in the same period in 2018. Profit after tax for the period stood at N88.88bn, up from N81.74bn in 2018 The financial statement of the bank for the period […]

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