Banking

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

Shareholders approve Access, Diamond Banks merger, slated for April 1

Access Bank Plc and Diamond Bank Plc are expected to start operating as a single entity from April 1, 2019. This, would be under a new enlarged Access Bank brand. The Managing Director of Access Bank, Herbert Wigwe and his Diamond Bank counterpart, Uzoma Dozie, disclosed this in a joint statement to customers obtained yesterday. […]

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Godwin Emefiele

‘Buhari don’t have the power to sack Emefiele, reports are fake’

President Muhammadu Buhari has not sacked Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, according to online portal, TheCable. Reports had trended on social media that Emefiele reportedly received a letter from the Office of President Muhammadu Buhari, yesterday, to vacate his office. But a source within the Presidency, who said there was no […]

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Uba Uk Launch 1

UBA Group kick start full Banking operations in the U.K.

London, March 1, 2019, three weeks after the UBA group launched its operations in Mali, the global financial city of London hosted a high level gathering of business and public sector leaders on Thursday February 28, 2019, as the new UBA franchise, UBA UK was formally birthed in the United Kingdom amidst high expectations. At […]

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

Access Bank to issue ₦15 bln via Green Bond

Access Bank Plc is set to issue a 5-year Fixed Rate Senior Unsecured Green Bond of up to N15 billion, which will be the first ever climate bonds standard certified corporate green bond to be issued in Africa. This followed the approval of the bank’ book building by the Securities and Exchange Commission (SEC). The […]

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Nigeria bank

Banks loans to private firms decline by ₦455 bln to ₦15.1 trn

The total credit from banks to the economy recorded a decline of ₦455 billion from ₦15.58 trillion as of the end of the third quarter of last year to ₦15.1 trillion in the fourth quarter. This is contained in the banking sector report released by the National Bureau of Statistics on Tuesday. The NBS in […]

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Zenith Bank

Zenith Bank raises profit by ₦232 bln, excites Shareholders with ₦2.80 per share dividend

Segun Edwards Consolidating on on its resilience and strong market share, Nigeria’s foremost financial institution, Zenith Bank has announced an impressive result for the year ended December 31, 2018 with profit before tax (PBT) rising to ₦232 billion for the 12 months ended December 31, 2018. While also, demonstrating of its commitment to its shareholders, […]

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Diamond Bank

Diamond Bank begins DiamondXtra Season 11 promo

Diamond Bank has commenced the 11th season of its DiamondXtra promo as part of its continuous drive to encourage savings culture and reward its loyal customer. The bank also said it planned to continue the promo after its merger with Access Bank must have been concluded. During the launch of its 11th season in Lagos, […]

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heritage Bank

Ex-BBN housemates endorse Heritage Bank’s Octopus for seamless operations

The Heritage Bank’s revolutionary advanced intelligent digital experience, known as Octopus has been endorsed by the 2018 Big Brother Double Wahala (season-3) housemates for its ground breaking innovative solution, crafted to meet the demands of an ever-growing active population with the aim to create and transfer wealth to stakeholders. Four of the 20 contestants, who […]

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heritage Bank

Heritage Bank list benefits of ‘Octopus’

Heritage Bank has disclosed that its advanced intelligent digital experience, known as Octopus has been endorsed by the 2018 Big Brother Double Wahala (season-3) housemates for its ground breaking innovative solution, crafted to meet the demands of an ever-growing active population with the aim to create and transfer wealth to stakeholders. Four of the 20 […]

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Austin Okere

Nigerian Banks urged to embrace AI

The Founder, Ausso Academy, Dr. Austin Okere, has urged banks to leverage the positive side of Artificial Intelligence (AI) in order to promote predictive analysis and understand customers’ behavioural patterns. He disclosed this in Lagos, at the February 2019 Institute of Directors (IoD) Members’ Evening with the theme: ‘Artificial Intelligence-Why it Matters,’ held recently. Okere, […]

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Ecobank

We’ve built digital technology that delivers seamless, affordable services, says Ecobank

The Managing Di-rector of Ecobank Nigeria, Mr. Patrick Akinwuntan said the bank has built a digital technology that enables it deliver seamless and affordable service to its customers. He also stated that the bank’s focus on technology and innovation is what drives it to be a leader in the provision of financial services across Africa. […]

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Afreximbank

Afreximbank targets $4 bln FDI with Export Development Fund

African Export-Import Bank (Afreximbank) said it hopes to attract $4 billion foreign direct investment (FDI) inflow into Africa through its Fund for Export Development in Africa (FEDA). Prof. Benedict Oramah, President of the Bank disclosed this while speaking in Tunis during the opening of the Financing Investment and Trade in Africa conference organized by the […]

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