Ecobank has stated that cash withdrawals can be made at all its ATMs, without a card. The Ecobank cardless withdrawal concept, Xpress Cash, enables users to withdraw cash from ATMs using only a mobile phone, no ATM card is required. The solution is seamless, secure and is driven by the generation of a code (e-token) […]
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The United Bank for Africa Plc (UBA), the leading pan-African financial services group, has acted as initial mandated lead arranger with a consortium of Nigerian commercial and international banks in a $1.5 Billion Pre-Export Finance Facility for the Nigerian National Petroleum Corporation (NNPC) and its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC). UBA is […]
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The FCMB Group Plc has released its half year results for the six months ended June 30, 2020. The group’s profit before tax (PBT) in the period rose by 26 per cent to N11.1 billion compared to N8.8 billion in the corresponding period in 2019. Also, its profit after tax increased by 29 per cent […]
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The United Bank for Africa Plc (UBA), the leading pan-African financial services group, has acted as Facility Agent Bank for the Nigerian Commercial Banks in a consortium with other international banks in a $1.5 Billion Pre-Export Finance Facility for the Nigerian National Petroleum Corporation (NNPC) and its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC). […]
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Sterling Bank Plc, a full service national commercial bank has reported a net interest income of N33.5 billion during the half-year ended June 30, 2020, as against N30.4 billion during the corresponding period of 2019, representing a growth of 10.1 percent. The bank’s total assets also rose by 9.4 percent to N1,294.2 billion during the […]
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Nigeria’s leading financial institution, Zenith Bank Plc, has promised to reward customers through its ‘’Zenith Beta Life” which it just commenced with gifts every week starting from 31st July 2020 to 30th July 2021. During this period, fifty (50) customers will be selected via raffle draw each week and rewarded with gifts worth NGN30,000. The […]
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The Group Chairman, United Bank for Africa (UBA) Plc, Tony O. Elumelu has said that the Corona virus pandemic has presented a perfect opportunity for foreign investors to invest in Africa, owing to the huge opportunities that are inherent in the African economy. “This is the time to invest. Africa is a land of opportunities; […]
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Ecobank Nigeria said it has unveiled a special loan package for female entrepreneurs in the country. The Ecobank Female Entrepreneurs’ Initiative (EFEI) loan is specially designed by the bank to financially empower female business owners and entrepreneurs in the country. According to Head, Consumer Asset Product, Ecobank Group, Daberechi Effiong, the EFEI loan as conceived […]
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Access Bank Plc has unveiled the second edition of its Womenpreneur Pitch-a-ton programme that offers female entrepreneurs in Africa access to finance, business trainings and mentoring opportunities. Ayona Trimnell, Group Head W Initiative, Access Bank, at the launch of the initiative on Tuesday in Lagos, said it was designed to create an enabling environment for […]
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The total amount released by the Central Bank of Nigeria (CBN) to farmers under its Commercial Agriculture Credit Scheme (CACS) since inception stood at N635.39 billion as at the end of the first quarter 2020. The CBN disclosed this in its first quarter 2020 economic report. In all, a total of 608 projects benefitted from […]
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An independent panel of experts, headed by former Irish President Mary Robinson, has cleared the beleaguered leader of the African Bank of Development, Akinwumi Adesina, of corruption allegations, according to AFP. Adesina, 60, a charismatic speaker known for his elegant suits and bow ties, became the first Nigerian to helm the AfDB in 2015 – […]
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The Central Bank of Nigeria on Monday put the total figure bad debts in the books of money deposit banks in the country, at the end of June at N1.2tn. This amounted to about 6.4 per cent of the gross credit of the banks to the economy which stood at N18.9tn as of the period […]
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