Nigerian consumers are set to witness a ground-breaking system of accessing loan facilities as Sterling Bank Plc has announced the launch of Specta, an online instant lending platform that offers consumer loans up to ₦5 million in five minutes. The product was unveiled to the media at a well-attended press parley in Lagos on Thursday, […]
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For failure to comply with the anti-money laundering and terrorism requirements, the Central Bank of Nigeria (CBN) has imposed heavy sanctions, not only on any financial institution found culpable of any of the 48 money laundering infractions, but also on their directors and top management staff. The new regime of sanctions was contained in a […]
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Ecobank says it has opened applications for start-ups and developers in the 54 countries in Africa to apply for its 2018 fintech challenge. The financial institution announced this challenge which is in its second year via its website, ecobankfintech.com on Thursday. The initiative gives African start-ups the chance to promote their fintech solutions, and potentially […]
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Pan- African financial Institution, United Bank for Africa Plc, last thursday, ended its annual Group Chairman’s Forum, a platform for group integration, re-strategising and knowledge sharing with the overall aim of puting the bank on firm standing to actualize its goals and targets for the financial year. The theme of this year’s forum was focused […]
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… Shareholders Approves 10 kobo dividend … Group improves 2018 Q1 earnings What was supposed to be a peaceful meeting of members of the First City Monument Bank Holdings (FCMB Holdings) Plc, at its 5th annual general meeting on Friday 27th April 2018, resulted in a chaotic atmosphere, forcing the meeting to end abruptly. The […]
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-Bank’s balance sheet now ₦4 trillion Shareholders of Access Bank Plc on Wednesday commended the bank’s 65 kobo per share dividend payment for the year ended 2017 financial activities, even as they also commended the board on the ₦4 trillion mark achieved by the bank balance sheet. The shareholders noted that growth strategy instituted by […]
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Investors on the Nigerian Stock Exchange (NSE), yesterday failed to embrace the shares of FBN Holding Plc, despite the firm’s announcement of its year ended December 31 2017 annual accounts indicating a 25 kobo per share dividend payout to shareholders along improved performance recorded in all indicators by the group, as its share price went […]
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Pan African financial institution, United Bank for Africa Group (UBA) has released its unaudited first quarter results, showing significant growth across major income lines. Following a sterling performance in the 2017 financial year, UBA Group delivered another impressive 18% percent year-on-year growth in gross earnings in the first three months of 2018. Leveraging on strong […]
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Ecobank Transnational Incorporated (ETI) and its two affiliate countries Nigeria and Ghana have emerged winners in three strategic categories of The Asian Banker – West Africa Awards 2018, the lender said in a statement. The annual awards saw ETI emerging the Best Financial Inclusion Initiative, Application or Programme with its innovative Xpress Account, while Ecobank […]
Read More Sterling Bank Plc recorded strong growths in the top-line and bottom-line in 2017 as the commercial bank rode on the back of widening income sources and improving operating efficiency to increase net earnings by 65 per cent. Key extracts of the audited report and accounts of Sterling Bank for the year ended December 31, 2017 […]
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Nigeria’s most capitalised financial institution, Guaranty Trust Bank (GTB) Plc recorded modest growths in key performance indicators in the first quarter of this year with pre-tax profit for the three-month period rising to ₦52.62 billion. Key extracts of the interim report and accounts of GTB for the first quarter ended March 31, 2018 released yesterday […]
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The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a US $20-million equity stake in the new financing institution, alongside US $50 million equity participation […]
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