06/20/2022
This global recognition is one the local banking industry and indeed the whole nation can be proud of as it puts Nigeria on the world map of countries with longstanding and stable banking sectors.
06/17/2022
These represented 20.2 per cent increase in profit after tax and 4.8 per cent increase in gross earnings respectively.
06/17/2022
KCB had acquired the majority stake in BPR from institutional investors Arise B.V. and Atlas Mara Limited.
06/16/2022
The group said in sub-Saharan Africa, higher food, fertiliser, and fuel prices had started to drive inflation upwards. Higher inflation had prompted monetary tightening.
06/16/2022
Prof. Oramah noted that African leaders, in the 1960s had taken steps for the continent to work together to pull the region out of its economic backwardness.
06/16/2022
“It is our view that the youths will be catalytic force to the realisation of the AfCFTA agenda.”
06/16/2022
It noted that UBA’s National Ratings are driven by the bank’s standalone strength.
06/15/2022
Ecosystem valuation jumped over 460% to reach more than half a billion US dollars in 2022
06/15/2022
MCB, which has $850 million in exposure in Nigeria, already has representative offices in Nairobi and Johannesburg as part of its push into Africa, in addition to its offices in Dubai and Paris.
06/15/2022
Its tagline ‘We’re here for good’ may refer more to the bank’s hope to be a driving force for positive and sustainable change across its key geographies.
06/14/2022
The loan, it added, will also be used for the financing of trade debt payments falling due to avert payment defaults in trade debt obligations.
06/10/2022
The report said, “Africa’s growth forecast for 2022 points to continued fortitude even in the face of heightening inflationary pressures and geopolitical risks.
06/10/2022
With an inflation rate of 16.82 per cent as of April, he said if a person was getting returns as low as 1.28 per cent on savings, the gap was going to be too wide and there would be saver loses.
06/10/2022
The group went into business rescue in May 2020 after Covid-19 pandemic era lockdowns, travel bans, as well as rising fuel prices, wreaked havoc on the travel industry.
06/10/2022
The deal is said to still be subject to regulatory approvals in Nigeria and Kenya and will add to the acquisition deals in Kenya’s banking sector.
06/10/2022
“TymeBank is sustaining the momentum of acquiring about 130,000 customers per month."
06/10/2022
The Bank will establish a Policy Laboratory Unit comprised of certified global experts on public financial management who will be the faculty members to deliver the courses.
06/09/2022
The improving profitability among commercial banks comes as credit growth also increases, with total outstanding loans to all sectors rising to P69.6 billion in March, compared to P69 billion in February and P65.6 billion in March 2021.
06/09/2022
The deal is a continuation of the bank’s inorganic growth trajectory.
06/08/2022
The bank has also revealed plans to continuously modernise its branches, with a strong emphasis on digitisation, improved client service, and optimal cash solutions for customers.