Category: Business

Diamond Bank Disburses N1 billion Under Cash Flow-Based SME Lending Scheme

Leading retail bank, Diamond Bank Plc, has again reiterated its support for Small and Medium-Scale Enterprises (SME) as the Bank announced its disbursement of over N1 billion under the cash flow-based SME lending scheme. Launched in January 2017 in partnership with the Women’s World Banking (WWB), the scheme features the Cash Flow-based MSME Lending Methodology,…

Diamond Bank Boost Growth With 3m Digital Customers in Q2 2018

Diamond Bank has released its second quarter unaudited financial report for the period ended June 30, 2018 to the management and stockbrokers of the Nigerian Stock Exchange (NSE), emphasising its strong focus on the Nigerian market, especially the retail business segment through its digital penetration strategy. The report showed that the Bank’s digital strategy is…

Company Drags Union Bank To Court Over Alleged N4.1b Illegal Charges

A real estate development company known as Coronation Real Estate Development Limited has renewed its battle to secure a N4.1 billion compensation from Union Bank Plc over excess bank charges. The aggrieved company has filed a second amended statement of claim before a federal high court in Lagos alleging that Union Bank’s arbitrary interest, excessive…

Heritage Bank, CIBN Promote Robust Platform For Bankers, Customers

Heritage Bank Plc, Nigeria’s most innovative banking services provider, has again demonstrated its commitment to the growth and progress of the banking profession by partnering with the Lagos branch of the Chartered Institute of Bankers (CIBN) to host the 2018 Lagos Bankers & Stakeholders’ Nite. General Manager and Chief Compliance Officer of Heritage Bank, Mr.…

Coronation Merchant Bank Appoints Adegbohungbe As Executive Director/COO

The Board of Directors of leading African financial institution; Coronation Merchant Bank limited has announced the appointment of Banjo Adegbohungbe as an Executive Director and Chief Operating Officer of the Group. He will be responsible for the Operations; Information Technology; Digital Channels and Administrative Divisions of the bank and its subsidiaries. Announcing the new appointment,…