The management of Diamond Bank has maintained that it is not having discussions with any prospective investors as being speculated in the media. In a statement issued by Diamond Bank, it dismissed media reports that some potential investors were having talks with the bank in order to recapitalise it. “The Board of Diamond Bank Plc…
In a bid to further encourage payments on its Point of Sale Terminal (PoS) terminals, Pan African Financial services group, United Bank for Africa (UBA) has announced that it will be rewarding 25 lucky customers with N100,000 each, when they make payments with their UBA cards on UBA POS terminals at any merchant location. The…
Guaranty Trust Bank Plc has released its unaudited financial results for the period ended September 30, 2018 to the Nigerian and London Stock Exchanges. The results, when reviewed, showed positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Gross earnings for…
Leading African financial institution, Guaranty Trust Bank (GTBank), is atop a new generation of multinationals in developing markets with the competitive strength and capacity to become a major player in the global scene, says the Economist Intelligence Unit (EIU), the research and analysis division of the world-leading business media platform, The Economist. GTBank, which operates…
This must be a very difficult time for Ecobank and if the latest lawsuit against it is successful, the company may have to cough out N72 billion from its coffers to settle Honeywell Flour Mills for reputational losses suffered as a result of the asset-freezing ex-parte order by the bank. Honeywell and Ecobank have been…
A company established to fill the gap in a long-underserved market segment, and address the need for long-term capital across key sectors of the economy, Coronation Merchant Bank, has been named the Best Investment Bank in Nigeria at the 2018 World Finance Investment Banking Awards in United Kingdom. A statement quoted World Finance as saying,…
Budding African entrepreneurs of the Next Titan Housemates have been encouraged to talk to small and medium enterprise (SME) desks of banks because the Central Bank of Nigeria (CBN) has a policy for disbursing money to banks for SMEs sector. This appeal was made by the Managing Director of Heritage Bank Plc, Ifie Sekibo, while…
Nigeria’s Small and Medium-scale Enterprises (SME)-friendly lender, Diamond Bank Plc, has announced the launch of SMEZONE, a digital platform based business community for SMEs in the country where they can easily access relevant, network and be mentored with and by other entrepreneurs, attend webinars, receive newsletters and participate in competitions that ultimately help position their…
Fidelity Bank Plc, top Nigerian lender, has restated its readiness to take full advantage of the new credit policy guideline recently released by the Central Bank of Nigeria (CBN) to support the growth of the agriculture and manufacturing sectors of the economy. The Bank’s Chief Executive Officer, Nnamdi Okonkwo, made this known in Lagos Saturday…
Pan-African Financial Institution, United Bank for Africa (UBA) has announced the commencement of its chat bank ‘Leo’ on the WhatsApp platform. With Leo on WhatsApp, customers who are users and lovers of the app can now can perform basic banking services including checking their balances on the go, transferring funds, paying bills, among other services.…