Mojec Meter Assets Management Company, a subsidiary of Mojec International Limited, has announced partnership with Keystone Bank Limited and other leading banks in Nigeria to provide retail financing for rollout of prepaid meters to its customers within the coverage area of its partner Distribution Companies (DISCOs) across the country. This is a major step ahead…
Wema Bank PLC, the pioneer of Nigeria’s first fully digital bank ALAT, has taken another giant step towards creating a better and promising future for women in Nigeria and in other parts of the world, as it formally unveiled its proposition specifically for women. Sara by Wema, was made public by the Managing Director/CEO of…
Founders of Nigeria’s digital content distribution platform Publiseer, Chidi Nwaogu and Chika Nwaogu, have been invited y Mastercard Foundation to participate in its Young Africa Works Summit, taking place in Cape Town, South Africa on October 17 and 18, 2019. Chidi Nwaogu, Publiseer’s CEO, took to his twitter page to announce this. This is following…
Unity Bank Plc on Friday released its result for the 2018 financial year which shows the Balance Sheet budding up with a whopping 50.8% growth during the year. In its audited financial statements for the year ended December 31, 2018, released to The Nigerian Stock Exchange, the Bank’s Balance Sheet Size increased from N156.51billion in…
Pan African financial institution, United Bank for Africa (UBA) Plc has assured its local and international investors that it’s prudent focus on improved asset quality as well as the continuous adoption of strict cost efficient measures will help the bank achieve its objectives and priorities for the 2019 financial year and beyond. This the bank…
***Records Profit of N106.8 billion The Pan-African financial institution, United Bank for Africa Plc has announced its Audited 2018 Financial Results with impressive growths achieved across major financial lines. According to the 2018 financials filed at the Nigerian Stock Exchange on Tuesday, the Africa’s global bank’s gross earnings grew by 7.0 percent to N494.0 billion,…
Access Bank Plc has vehemently denied any wrongdoing in the alleged sale of a customer’s goods worth N2.5 billion. The Police Special Fraud Unit in Lagos had charged Access Bank Plc, its managing director and chief executive officer, Herbert Wigwe, and others with 21 counts of conspiracy, fraudulent disposal of trust property, fraudulent conversion, stealing…
NOVA Merchant Bank Limited has declared a profit after tax of N1.15 billion for the year ended 31st of December 2018, a significant increase from N510.6 million achieved in 2017, marking a 125% increase. The result is achieved as it begins to reap the benefits of its investments in its operations, technology and people. The…
Further to its commitment to help stimulate and grow a strong and viable small and medium scale enterprises sector in Nigeria, Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, is partnering with the Enterprise Development Center (EDC), Lagos Business School, to host a capacity building series tagged Agri-Business Small and Medium Enterprises…
A sound and competent banking sector is essential for a stable macroeconomic environment, therefore, the importance of commercial banks in a country cannot be overemphasized. This is because they occupy key positions in a country’s financial system and are essential agents that would lead to the growth of any economy. They also provide the bulk…