05/14/2021
A key reason for the crisis is the tussle for control of the bank between a block led by Oba Otudeko and Mike Adenuga, who recently emerged as one of the biggest shareholders in the bank.
05/13/2021
Participants in the meeting, hosted by the African Development Bank, brainstormed on joint actions that could help boost a strong and inclusive recovery in Africa
05/13/2021
It was therefore not surprising that its merger with Diamond Bank Plc in early 2019, saw that vision of wanting “to be the world’s most respected African bank” becoming even clearer and more realistic than when it was first conceptualise
05/13/2021
Prior to the sales report, the stock price had been trading flat with demand for shares limited at six figures.
05/12/2021
This indicates that the successful JV partner will have a majority 61 percent stake in the project while KCB will hold a minority 38 percent shareholding.
05/12/2021
“This was an important transformation for our business, and we are thrilled to be recognised as an innovative and outcome-driven bank.”
05/12/2021
Internet banking complaints decreased and is no longer the largest category of complaints received
05/12/2021
Customer deposits in Guaranty Trust Bank Plc increased to N3.60tn in March 2021 from N3.51tn in December 2020 while that of Fidelity Bank Plc rose to N1.75tn from N1.69tn.
05/12/2021
“Our performance remained buoyant in the face of the extraordinary challenges posed by the pandemic and associated economic contraction,” Saltson said.
05/11/2021
Private banking group Investec has previously been mum on its salary requirements to qualify for an account but has now invited people who earn over R800,000 annually to apply.
05/11/2021
The Group is said to have already made noteworthy investments in its robust infrastructure as part of its digital transformation journey.
05/10/2021
For the year ended December 31, 2020, posted gross earnings of N764.7 billion, showing a growth of 15 per cent from N666.8 billion in 2019.
05/09/2021
The CBK survey shows the quarter’s profitability has been helped by a sharp drop in new provisions due to a drop expected in loan losses and recovery efforts,
05/07/2021
Atlas Mara has been working with Rothschild & Co. to consider options for its Union Bank stake.
05/07/2021
Absa wants to increase its financing in projects targeting biomass and renewable energy.
05/07/2021
He noted that in line with the commitment to drive operational efficiency across the organisation, the bank achieved a 2.5 per cent reduction in operating expenses as it continues to leverage on past investments made in technology.
05/07/2021
The chairmen held a meeting with the executive team of the Group further to their recent appointments by the Central Bank of Nigeria.
05/06/2021
The 20 percent excise tax was introduced in 2018, triggering an increase in the cost of bank services, including loans, transfers — both local and international — over-the-counter withdrawals as well as ATM transactions and account operating f
05/06/2021
Our long-standing partnership with QNB is a testament to our commitment of catering to discerning Qatari businesses and driving digital transformation in the country.”
05/06/2021
She noted that in the face of the lockdowns and disruptions caused by COVID-19, the bank pivoted to remote work for over 70 per cent of its employees at the height of the pandemic