Saturday, April 13, 2024
Wema Bank Plc saw its deposits grow by 59.65 per cent to N1.86tn in 2023 from N1.16tn in the previous year. According to the lender’s full-year 2023 audited financial statement filed with the Nigerian Exchange Limited, its profit before tax improved by 196 per...
Investing towards the long term and retirement can seem daunting for most Nigerians. However, a member of FCMB Group Plc, FCMB Asset Management Limited appears to have insights into ways to simplify the journey towards a comfortable retirement. FCMB Asset Management Limited’s recent webinar,...
The United Bank for Africa has introduced a new portal to hasten the resolution of customers’ complaints. A statement from the bank on Thursday revealed that the Quick Response solution called the ‘Scan to Resolve Complaint’ was aimed at enhancing satisfaction and swiftly addressing...
The partnership with Sterling Bank is a unique and innovative arrangement which leverages the complementary strengths of both institutions to provide a comprehensive market-led solution to Nigerian corporates African Export-Import Bank (Afreximbank) has partnered with Sterling Bank to introduce the innovative supply chain finance...
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has once again solidified its position as a leader in the banking sector by clinching two coveted awards at the 2024 Euromoney Global Private Banking Awards. The bank emerged as "Nigeria's Best International Private Bank" and "Nigeria's Best...
Moniepoint, a leading fintech company has said that beyond redefining payments and technology and the payment industry, it also ensures that it provides its businesses and partners with several flexible payment options so they can receive payments from their customers. Moniepoint started with a...
Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time since 2019. The Bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its...
The Association of Corporate and Marketing Communication Professionals of Banks (ACAMB) has assured that banks in the country have the wherewithal to meet the recent directives of the Central Bank of Nigeria (CBN) on recapilitalisation of the sector. In a...
The impact of currency weakness on the Nigerian private sector was evident again in March. Purchase costs rose at the sharpest rate on record, meaning companies increased their own selling prices at an unprecedented pace. The rate of expansion in business activity ticked higher, but steep price...
The Director of Banking Services, Central Bank of Nigeria (CBN), Hamisu Abdullahi, highlighted the merit-based selection of Remita to provide an electronic platform essential for facilitating payments from Ministries, Departments, and Agencies (MDAs) to beneficiary accounts across commercial banks. He said this when officials...