05/03/2022
An analysis of the CBN financial data revealed that banks and other financial institutions in January 2022, borrowed N313.48 billion, which was a decline of 25.5 per cent from N426.7 billion borrowed in January 2021.
04/28/2022
Profit before income tax gained 9.6% to N44.484 billion in Q1 2022 from N40.581 billion achieved in Q1 2021. The lender paid N2.988 billion in income tax in the quarter under review.
04/28/2022
Standard Bank Group retained pole position for the second time in a row on the back of massive growth in its tier 1 capital of 24% to $13.8bn in December 2020.
04/28/2022
The objective criteria included growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products.
04/26/2022
The report also showed that deposits from customers during the first three months of 2022 remained unchanged at $19.7 billion.
04/26/2022
FirstBank was named African Bank of the Year & Innovative Banking Product of the Year 2021 by African Leadership Magazine Awards
04/26/2022
Regarding its outlook, the bank said its risk appetite and credit outlook remain unchanged at this time.
04/25/2022
The bank’s investment is expected to accelerate the creation of a new class of successful African entrepreneurs that will serve as a model to younger innovators.
04/25/2022
The EACOP project plans to build a pipeline in 2025 spanning 1,400km across eastern Africa that will transport crude oil from Uganda to Tanzania.
04/20/2022
This is a digital business focused on speed, convenience and value, Wigwe said.
04/20/2022
We however note that despite this marginal improvement in the asset quality, the NPL ratio remains higher than the 10-year average of 8.1%," the report noted.
04/19/2022
It aims to close the financial gaps for MSMEs while increasing their opportunities at the international market.
04/19/2022
“Private sector business growth was underpinned by a rebound in activity in agriculture, construction, and public administration.”
04/18/2022
Absa has proposed Ush50 billion ($14.2 million) in dividends for the year ending December but have not received approval from Bank of Uganda (BOU).
04/18/2022
The world’s largest brewer, Anheuser-Bush Inbev, ranked fifth on the list.
04/18/2022
The group, thus, reported 18.5 per cent increase in total assets to N2.59trillion in 2021 from N2.19trillion reported in 2020.
04/18/2022
The Group has invested heavily in recent years in the AME region
04/14/2022
By implementing Liferay’s latest digital technology on the bank's website, AAIB customers will be able to smoothly and swiftly access a variety of financial services, via any electronic device
04/14/2022
The highly coveted annual awards marked their 20th year as the benchmark in recognising elite performance in South African capital markets, as voted for by institutional investors.
04/13/2022
These were the ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity and spread of educational backgrounds.