The Chemical and Allied Products Plc saw its finance costs ballooned by 362.97 per cent to N 155.35m in 2023 from N33.55m, driven by interest on borrowings, which rose by 377.27 per cent.
Interest on borrowings went up N153.92m from N32.25m in 2022.
The first cohort of the FGN-ALAT Digital Skillnovation Programme, an initiative spearheaded by Wema Bank in partnership with the Federal Government of Nigeria, to train and equip 2,000,000 youth and 1,000,000 MSMEs across Nigeria with digital skills for sustainable success, was launched in 2023.
...Grows PBT by 335%, earnings to N2.59 Trillion
Access Holdings Plc (“The Group”) has announced its audited Consolidated and Separate Financial Statements for the year ended December 31, 2023. In the year under review, the Group recorded a robust growth in its Profits Before...
AXA Mansard, a member of AXA has empowered 200 female Small and Medium Enterprises with financial literacy and digital business skills.
In collaboration with SME 100 Africa, the two-day training, which was held in Lagos, is part of AXA’s lined-up programmes to commemorate this...
Heirs Insurance Group, said it has launched a new website that delivers the most user-friendly insurance experience in the industry.
The underwriting firm said in addition to its features that aid simple navigation, the website also personalises the insurance experience taking customers through a...
The Managing Director/Chief Executive Officer of Sterling Bank, Abubakar Suleiman, has warned newly-inducted members of the Chartered Institute of Bankers of Nigeria that being a professional banker is not the route to becoming a billionaire.
Suleiman said this on Saturday at the 2024 Stream...
9 Payment Service Bank (9PSB), Nigeria’s foremost digital payment service bank focused on financial inclusion, reaffirmed its commitment to all-inclusive financial services. It extended its financial literacy and mentorship programme to Rosebay Schools, Lekki Phase 1 in Lagos State to mark this year’s Global Money Week theme,...
Access Bank has revealed plans to acquire the National Bank of Kenya from the KCB Group. This marks its second acquisition of a Kenyan bank under five years after a move to acquire Sidian Bank fell through in 2023.
Paul Russo, CEO of KCB...
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has unveiled an enhanced version of its mobile app, optimized specifically for businesses. The updated app offers a range of new features designed to streamline and simplify digital banking for business owners.
The enhanced mobile...
One of the newest commercial banks in Nigeria, Parallex Bank, has opened a new branch in Uyo, Akwa Ibom State.
The bank in a statement on Tuesday said that the expansion to Uyo marked a pivotal moment in the institution’s mission to provide limitless...
