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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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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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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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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Nigeria’s major financial services institution, United Bank for Africa (UBA) Plc, and the Lagos Chamber of Commerce and Industry(LCCI), have entered into a partnership over the organization the of the 2019 Lagos International Trade Fair. With the collaboration, the 33rd edition of the annual Fair, which holds between November 1st and 10th, 2019, is expected […]
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Nigeria’s external reserves dipped by $482.18m from N45.14bn as of July 8 to $44.65bn as of August 8, latest statistics from the Central Bank of Nigeria have shown. The reserves which had maintained a steady rise in recent months has started suffering decline. A research by FSDH according to The Punch, noted in its monthly […]
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The Central Bank of Nigeria (CBN) has been directed byPresident Muhammadu Buhari to stop providing foreign exchange for importation of food into the country in a bid to ensure Nigeria attains food security. A statement yesterday by a presidential spokesman, Mallam Garba Shehu, quoted Buhari as telling All Progressives Congress (APC) governors, who came to […]
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A partnership has been established between Zenith Bank and the Cross River State government and towards the industrialisation of the state through its agricultural value chain policy, which is aimed at complimenting efforts by Governor Ben Ayade. This followed a visit by the management of the bank led by its Group Managing Director and Chief […]
Read More The World Bank has disclosed that its net portfolio commitment into Nigeria currently stands at over $11 billion, with 30 operational projects in all the states of the federation. The disclosure by the bank’s Country Director for Nigeria, Mr. Rachid Benmessaoud, coincided with the call by Governor of Kaduna State, Mallam Nasir El- Rufai, on […]
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Foremost Nigeria’s financial institutions, Zenith Bank Plc, has introduced a high interest-yielding target savings account named “SAVE4ME”, which enables customers plan and save towards their aspirations and needs conveniently. The new product is designed to support flexible savings for predetermined purposes such as asset acquisition or even marriage, and offers a higher interest rate than […]
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Pan African financial institution, United Bank for Africa (UBA) Plc, has yet rewarded another 20 customers who have emerged winners in the third quarterly draw of the UBA Wise Savers Promo winning N1.5 million each, bringing the total amount won so far by 60 customers to N90 million. The electronic raffle draw, which was held […]
Read More The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has introduced One Local Government One Product (OLOP) in order to ease access to loans from the Central Bank of Nigeria (CBN) for Small and Medium Enterprises (SMEs) in Northwest region of Nigeria. Speaking at the signing of Memorandum of Agreement with Candidates of Cooperatives […]
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