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…
The pan African financial institution, United Bank for Africa (UBA) Plc last Monday commenced full banking operations in Mali, extending its footprint and fulfilling the aspiration of deepening banking penetration in Africa. The launch of UBA Mali brings to 20, the number of African countries, where the Group currently operates, with global operations in the…
Keystone Bank Limited has remained committed to empowering the Nigerian populace with the introduction of the Chat-bot feature called ‘OXYGEN’ as part of its financial inclusion drive. Oxygen is the lender’s interactive virtual banker that chats with customers and carries out their banking transactions upon request. The feature which enables banking on Telegram and Facebook…
Ecobank Nigeria, has disclosed plans to bring banking operations closer to Nigerian neighborhoods by expanding its agent banking locations to 50,000 before the end of 2019. Managing director of the bank, Mr. Patrick Akinwuntan, who disclosed this during a media chat with journalists in Lagos, explained that the move is in line with the vision…
Diamond Bank Plc has continued to deliver on its promise of going beyond banking by organizing an entrepreneurial training program targeted at young creatives in partnership with Facebook and Afrinolly Creative Hub tagged: ‘Facebook for Creators’. The Area Manager, Diamond Bank Plc, Chigozie Onyecha, said that the bank believed in small and medium scale enterprises…