Banking

herbert wigwe

Access Bank’s ₦15 bln Green Bond fully subscribed – Wigwe

Access Bank Plc. said on Monday that a five-year Fixed Rate Senior Unsecured N15 billion Green Bond, the first climate bond to be issued in Africa, had been fully subscribed. The bank’s Group Managing Director, Mr. Herbert Wigwe, stated this at the bond-signing ceremony in Lagos. Green bond is a bond specifically earmarked to be […]

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Zenith Bank

Shareholders of Zenith Bank get ₦2.50k dividend for 2018 financial year

Nigeria’s lender, Zenith International Bank PLC, yesterday announced it recorded about ₦193 billion in profit after tax in its Group Accounts for the financial year ended December 31, 2018. Highlights of its financial statement presented to shareholders by board Chairman, Mr Jim Ovia, at its 28th annual general meeting held in Lagos, Monday showed that […]

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A motorcyclist rides past the Ecobank headquarters in Lome, Togo, June 6, 2015. REUTERS/Noel Kokou Tadegnon

No court order to forfeit interest in Airtel shares – O&O Networks Limited

O&O Networks Limited, Special purpose vehicle owned by the Ecobank Group says contrary to certain media reports, there is no forfeiture order of the Federal High Court of Nigeria in its proceedings that is directed against Ecobank Transnational Incorporate (ETI) or Ecobank Nigeria Limited. O&O Networks Limited is defending long-standing proceedings in the Federal High […]

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A view of the Diamond Bank is seen along the Lekki-Epe Expressway in Lekki, Lagos, Nigeria September 12, 2017.

Merger: Access, Diamond Bank get final approval from CBN, SEC

Access and Diamond Bank Plc announced that they have received the final approval of both the Central Bank of Nigeria (CBN), and the Securities and Exchange Commission (SEC), to the proposed scheme of merger between both financial institutions. The banks had recently obtained approval in principle from the regulatory bodies as they await the final […]

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A general view of Marina street shows the United Bank of Africa's building in Nigeria's commercial capital Lagos, May 29, 2008. REUTERS/Akintunde Akinleye

UBA recorded significant asset growth as earnings hits ₦494 bln

LAGOS, NIGERIA – March 17, 2019 – The Pan-African financial institution, United Bank for Africa Plc has announced its Audited 2018 Financial Results with impressive growths achieved across major financial lines. According to the 2018 financials filed at the Nigerian Stock Exchange on Tuesday, the Africa’s global bank’s gross earnings grew by 7.0 percent to […]

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An Access bank signage is displayed on the roof of the bank's building in Abuja

Access Bank recorded 58 pct profit growth in FY 2018

Access Bank Plc has released its audited financial results for the full year (FY) ended December 31, 2018 showing an increase of 58% in Profit after Tax (PAT) to N95.0 billion from N60.1 billion in the corresponding period of 2017. The Bank’s audited results which was released to The Nigerian Stock Exchange on Friday also […]

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Heritage Bank, Sekibo

Female empowerment central to sustainable economic growth –Heritage Bank boss

As the world celebrates this year’s International Women’s Day (IWD), Heritage Bank Plc stated that making female empowerment central to organisation’s business strategies is not only critical to growth, but to building a sustainable and flourishing global economy. Speaking on the IWD 2019 campaign theme, “Balance for Better,” the MD/CEO of Heritage Bank, Ifie Sekibo, […]

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Anya Duroha

NOVA Merchant Bank post ₦1.15 bln profit after tax

NOVA Merchant Bank Limited has declared a profit after tax of ₦1.15 billion for the year ended 31st of December 2018, a significant increase from ₦510.6 million achieved in 2017, marking a 125% increase. The result is achieved as it begins to reap the benefits of its investments in its operations, technology and people. The […]

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GTBank

GTBank profit before tax for 2018 hits ₦215.6 bln

Guaranty Trust Bank Plc on Wednesday announced its audited results for the financial year ended Dec. 31, 2018 on the Nigerian and London Stock Exchanges. Land Use Charge: Mr. Gbenga Adeyinka, popular Nigerian comedian and Lagos property owner (right) being presented with his Land Use Charge receipt by the Branch Manager, Guaranty Trust Bank (GTB), […]

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Boi Appoints Omar Shekarau As Executive Director, Sme

BoI appoints Omar Shekarau as Executive Director, SME

The Bank of Industry has announced the appointment of Mr Omar Shekarau as the Executive Director, Small and Medium Enterprises (SME). This followed the retirement of Dr. Waheed Olagunju from the bank. Shekarau, a graduate of ABU, Zaria, until his appointment, was the General Manager, SME North and later General Manager, Large Enterprises. He is […]

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stanbic ibtc bank

Stanbic IBTC subsidiaries receives ISO 9001: 2015 Certifications

Three Stanbic IBTC subsidiaries namely – Stanbic IBTC Pensions, Stanbic Asset Management Limited and Stanbic IBTC Trustees Limited, have received the ISO 9001:2015 certifications, the latest in the series of global quality management system. The Lead Auditor, DQS Management Nigeria Limited, a leading global certification body for quality management systems and organisational health, Mr. Lawrence […]

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A view of the Diamond Bank is seen along the Lekki-Epe Expressway in Lekki, Lagos, Nigeria September 12, 2017.

Diamond Bank launches PayDay loan

As part of its merger benefits to customers, Diamond Bank has introduced PayDay Loan to ease the financial burden of customers. PayDay Loan is an instant salary advance service available to all customers who have their salary accounts in Diamond Bank. This is service quick, convenient and does not require any paperwork, collateral or guarantor. […]

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