In the second quarter of this year, Stanbic IBTC, a member of Standard Bank Group, facilitated a staggering $589.84 million capital inflow into the country, ranking it first among financial institutions that imported capital into Nigeria. The Nigerian Bureau of Statistics (NBS), in its Capital Importation Q2 2017 Report, stated that Stanbic IBTC accounted for…
The financial statements released by Guinness Nigeria Plc revealed that the company increased its revenue by 23 percent in the full year ended June 30, 2017. The results, which were released to the Nigerian Stock Exchange (NSE), also showed a gross profit of N48.3 billion which is 16 percent higher versus the previous year and…
Banking abroad is more than just using your card at an ATM or using Point of Sale. So, when you travel abroad and you want to perform any transaction, you must know how to avoid paying bank fees, eliminate foreign transaction charges, and get a good exchange rate. If you do not, you will discover…
Heritage Bank Plc has denied reports that its Managing Director, Ifie Sekibo, and other members of staff of the bank were involved in a fraud to the tune of N13 billion in connivance with officials of the Oyo State government. In a statement issued on Sunday to refute the story published by Punch newspaper, Heritage…
The Pan African financial institution, United Bank for Africa (UBA) Plc has announced its audited half year financial results ended June 30, 2017, showing remarkable performance across major metrics. UBA grew its gross earnings for the period by 34.5 percent to N222.7 billion, as against N165.6 billion reported in June 2016. This impressive performance, which reflects the strong…
The Nigerian military has been applauded for their zeal and commitment towards ensuring the protection of Nigeria’s territorial integrity and the fight against insurgency in some parts of the country. The Chairman of Heirs Holdings, Mr. Tony O. Elumelu gave the commendation while delivering a lecture on Tuesday at the Armed – -Forces Command and…
In a bid to continue boosting entrepreneurship development in order to curb the high level of unemployment in the country, Heritage Bank Plc will once again be the headline sponsor for the fourth season of “The Next Titans,” a Nigerian entrepreneurial Reality TV Show. The move by the bank is a consistent commitment to build…
Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2017 to the Nigerian and London Stock Exchanges. A review of the half year performance, shows positive growth across all key financial metrics and improved strategic positioning of the brand. Gross earnings for the period grew by 2%…
Against the backdrop of increased interest and investments in Mutual Funds in Nigeria, Nigeria’s Securities & Exchange Commission (SEC) announced that total Asset Under Management (AUM) of mutual funds in Nigeria topped N300 billion for the first time ever. This has been attributed to various factors not excluding the current state of the economy, stock…
A whopping N600 million has been set aside by Diamond Bank Plc to reward its loyal customers in the DiamondXtra Season 9 bonanza. Activities planned for the season include extra ordinary draws that will produce 3164 lucky winners throughout Q3 2017. According to information made available to the press, the Bank stated that in the…