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Saturday, July 4, 2020

FBN Holdings targets NPL ratio of 19% in 2017

The management of FBN Holdings Plc on Thursday said it was targeting a Non-performing Loans (NPL) ratio of less than 20 per cent for the financial year ending Dec. 31, 2017. Mr. UK Eke, FBN Holdings Managing Director, stated this at the company’s facts behind...

SunTrust denies withholding NASS members’ salaries

SunTrust Bank has debunked the claim that the bank failed to pay some staff of the National Assembly who protested non-payment of their salaries on Tuesday. It would be recalled that the protest by legislative aides was triggered by the death of Hassan Abiodun, an...

20 Families receive Special Surprises in Access Bank’s Family Fortune Promo

As part of its commitment to reward participants with exciting prizes in its ongoing ‘Family Fortune Promo’, Access Bank Plc has delighted 20 of its customers who were the first set to take part in the Promo. These gifts include rechargeable fans, microwave ovens...

Skye Bank targets to submit delayed 2016 audited result in June

Skye Bank has expressed hope that its 2016 Audited Financial Statement for the 2016 financial year will be approved and filed before the end of the second Quarter (Q2). The bank made this known through a statement signed by Company Secretary Babatunde Osibodu and filed...

UBA’s $500m Eurobond Records 240 Percent Over Subscription

United Bank for Africa says it has successfully raised 500 million dollars though a Debut Euro Bond, which was oversubscribed by 240 percent. The bond which is rated ”B” with a stable outlook by both Fitch and S&P rating agencies will mature in June 2022...

Who Owns Legacy Shares After $864m Write Off At Ecobank; Post Securities Fraud

Following our May 10, 2015 publication on “How to buy a Nigerian bank with no money” and the series on why Skys Banks’s bid for Mainstreet Bank was a certain death knell for the bank; viz: “Reworking the Acquisition Maths of Mainstreet Bank by...

Fidelity Bank Builds Next Generation of Leaders, Inducts New Staff Into Workforce

  Top Nigerian lender, Fidelity Bank, is building a new crop of young, dynamic and talented workforce through its graduate recruitment scheme. New inductees who passed out of the Fidelity Crest Academy after a rigorous 3 months training programme were admitted into the Bank’s workforce...

Ecobank Group named Most Innovative Bank of the Year at African Banker Awards

Ecobank Group’s pioneering work to use digital technology to financially empower millions of people across Africa has been recognised for driving ‘Innovation in Banking’ at the African Banker Awards. Held under the patronage of the African Development Bank (AfDB), the annual event is highly...

UBA Promotes Africa’s Renaissance, Celebrates Africa Day with Glitz & Glamour

UBA Promotes Africa’s Renaissance, Celebrates Africa Day with Glitz & Glamour In line with its commitment to promote the African culture and deepen its African footprints, Pan African financial institution, United Bank for Africa (UBA) Plc, on Thursday joined the world to celebrate the 2017...

GTBank wins 2016 African Bank of the Year

LAGOS, MAY 26, 2017 –  Guaranty Trust Bank plc has been named the African Bank of the Year at this year’s African Banker Awards. The Awards was presented during a prestigious gala dinner on 23rd May Ahmedabad, India, on the sidelines of the Annual...
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