09/09/2020
The value of bad loans in the banking sector rose by Sh29.95 billion between March and June alone showing the intensity of economic hardship facing borrowers due to increased layoffs and salary cuts.
09/09/2020
The breakdown revealed that UBA reported 6.73 per cent increase in fee and commission to N55.87bn from N52.34bn in 2019 while Access Bank reported N51.77bn fee and commission in H12020, up from N41.86bn in 2019.
09/09/2020
This high-valued service will improve our customers’ ability to track cross-border payments or transactions in real-time, with maximum transparency.”
09/09/2020
Debt market yields have dropped from a high of 18% three years ago. Yields on the one-year treasury bill are quoted under 5%.
09/08/2020
The FUGAZ generated a sum of N67.3 billion from electronic business during their half-year 2020.
09/08/2020
Fraud has become one of the most challenging issues facing the financial sector of most countries globally.
09/07/2020
The six-month loss is more than twice the Sh254.7 net loss it booked in the full year of trading in 2019.
09/07/2020
First Bank is still the largest Nigerian bank by customer deposits but Zenith Bank is closing in.
09/07/2020
Net assets grew by 20 per cent to N242bn from the N202bn reported in Q1 2019.
09/07/2020
Total gross earnings within the top seven banking group rose by 7.8 per cent to N1.77 trillion in first half 2020 compared with N1.65 trillion recorded in corresponding period of 2019.
09/06/2020
The bank mentioned lockdown restrictions on tourism and hospitality industries had a devastating impact on its enterprise, which has a powerful focuses on overseas exchange and associated merchandise.
09/04/2020
Combined, our top ten list would be valued at over $600 billion USD. Interesting fact, only four countries in Africa as a whole are represented in the Top Ten list; in fact, one country alone holds five places on the list.
09/04/2020
Profit before tax closed first half 2020 at N109.7 billion, representing a decrease of 5.2 per cent from N115.8 billion recorded in the corresponding period of 2019.
09/04/2020
The MSME Academy is an initiative of the AUDA-NEPAD in partnership with the Ecobank Group.
09/03/2020
The Managing Director, Olumide Olatunji, introduced the ‘Perfect Start’ promo which is the first of its kind in the sector to the public.
09/03/2020
Cairo Bank is a subsidiary of Egypt-based banking group - Banque Du Caire Group.
09/03/2020
With its experience on the African continent and ongoing digitisation journey, Absa is well placed to make good on its commitment to grow trade.
09/02/2020
The bank’s gross earnings also grew to N300.2 billion, compared with the N294 billion it made in the comparable period of 2019.
09/02/2020
Ecobank’s impairment losses were governed by 3 core elements in Q2 2020.
09/02/2020
Perfect Start” promo which is an industry first, will run digitally online as part of efforts to adhere to COVID-19 safety protocols while creating opportunities for families to have fun and win amazing prizes.