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Sunday, July 12, 2020

Nigeria’s Zenith Bank’s Total Assets Hit N5.1 Trillion

By Kayode Tokede and Olushola Bello Lagos — Zenith Bank's total assets increased to N5.1trillon from N4.7trillion as at September 30, 2017. With about 40 per cent increase in gross earnings to N531.27 billion, Zenith Bank Plc on Thursday announced 31 per cent growth in Profit...

Nigeria’s Access Bank Signs $162.5 Million Loan to Boost Capital

Access Bank Plc, which is in the process of taking over rival Diamond Bank, signed an agreement for a $162.5 million loan to boost its capital and fund lending operations. Dutch development bank, FMO, is arranging the loan, while financial institutions including Belgian Investment...

FirstBank Celebrates Customers On Customer Service Week.

…Commissions New Ultra-Modern Head Office to Enhance Service Delivery in FBNBank Ghana. First Bank of Nigeria Limited, Nigeria’s most valuable bank brand has joined the rest of the world in felicitating with its customers on this year’s Customer Service week, acknowledging their immense contributions to...

Atlas Mara To Focus On Nigeria, Digital Banking Assets, Eyes Stake in SA’s Agricultural Bank

LONDON - African banking investor Atlas Mara Ltd said Wednesday it will increase its focus on its core markets and digital banking assets as it looks to acquire a stake in a South African agricultural bank. Meanwhile, co-Founder Bob Diamond will step down as...

Fitch Affirms Stanbic IBTC Bank”s National Rating at ”AAA(nga)”

Fitch Ratings has affirmed the National Long and Short-Term Ratings of Stanbic IBTC Holding Company Plc (SIBTCH) and its main operating subsidiary, Stanbic IBTC Bank Plc (SIBTC), at 'AAA(nga)' and 'F1+(nga)' respectively. Key Rating Drivers National Ratings SIBTCH's National Ratings are based on potential support from...

Citibank Nigeria partners School of Media and Communication, Pan-Atlantic University to promote Financial Journalism in Nigeria

Lagos – Citi recently hosted the third edition of the Citi Financial Journalist Training (CFJT). Citi in collaboration with the School of Media and Communication, Pan-Atlantic University (PAU) organized the training for 17 national business and financial journalists. CFJT aligns with Citi’s commitment to...

Nigeria’s Fidelity Bank Debit Cards Now Open for International Transactions

Fidelity Bank Plc, one of Nigeria’s foremost financial institutions has announced resumption of international transactions on debit cards and raised the monthly international spend limit on its Naira Visa Credit and Debit Cards to $1,000. The move is in response to customer needs...

Stanbic IBTC announces N59b earnings for Q1 2019, as liquidity remains robust

Banking Tuesday, May 7,2019 Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced a gross earnings of N58.7 billion for the first quarter of 2019 as it released its unaudited financial results for the period to the Nigerian Stock Exchange. The financial report, which...

StanbicIBTC board elects Ex-Shell MD, Mr. Omiyi as Chairman

On Monday, 15 May 2017, the board of directors of Stanbic IBTC Holdings PLC announced the election of Mr. Basil Omiyi CON as the Chairman of the Board with effective immediately following the receipt of all required regulatory approvals. Mr. Omiyi succeeds Mr. Atedo...
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