Stanbic IBTC upgrades healthcare short-term loan, ensures flexible repayment period
Cynthia Ezekwe
November 29, 2022
By Cynthia Ezekwe Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has upgraded its healthcare short-term loan to ensure a flexible repayment period. This upgrade, which is.in line with the bank’s contributions to an improved healthcare sector in the country, offers affordable interest rates and zero collateral to enable sector players to access better […]
BVN registration database hits 56m in November 2022
Rosemary IwualaNovember 25, 2022
By Rosemary Iwuala The continuous registration for the Bank Verification Number (BVN) by Nigerian bank account owners has pushed the BVN database to 56 million as of November 20, 2022, according to data released by the Nigeria Inter-Bank Settlement System (NIBSS). As of July 31, 2022, NIBSS data showed that the BVN database stood at […]
Access Bank unveils Closa Agent in Imo, targets 200,000 nationwide
Sabinus ElembaNovember 25, 2022
By Sabinus Elemba Access Bank Nigeria plc has unveiled the Access Closa Agent in Owerri, Imo State capital, in a bid to satisfy its customers and make banking easier. The bank at the event on Thursday said it is targeting to increase its Closa agents from 160,000 to 200,000 nationwide in 2023 and intends to […]
15-year old Otong wins UBA Foundation’s 2022 National Essay Competition
Rosemary IwualaNovember 16, 2022
By Rosemary Iwuala Fifteen-year-old Otong Usuongobona Paul from Akwa Ibom State has emerged the overall winner of the 2022 edition of the UBA Foundation Annual National Essay Competition (NEC) organised by the United Bank for Africa (UBA) Plc. Usongobong, a student of Federal Government Girls’ College Ikot-Obio Itong, Akwa-Ibom, beat 11 other […]
CBN commits to protecting underserved Nigerians in new naira rollout
Rosemary IwualaNovember 15, 2022
By Rosemary Iwuala The Central Bank of Nigeria (CBN) has committed to protecting the interests of millions of unbanked and underserved Nigerians, mostly resident in the rural areas, in the implementation of its naira redesign policy. The apex bank also expressed satisfaction with the positive response of the banking public to the policy through increased […]
UBA reiterates commitment to development of SMEs across Africa
Godfrey OfurumNovember 14, 2022
By Godfrey Ofurum The management of United Bank for Africa (UBA) Plc has said that it is committed to the growth of Small and Medium Enterprises (SMEs) across Africa, as evidenced in the increased funding it has provided to such businesses in Nigeria and across Africa. Muyiwa Akinyemi, deputy managing director, said […]
Sterling Bank reaffirms commitment to agric sector growth
Rosemary IwualaNovember 3, 2022
By Rosemary Iwuala Sterling Bank Plc has reaffirmed its readiness and willingness to invest more in Nigeria’s agricultural sector after having invested more than N100 billion, about 15 percent of its total loans portfolio. Abubakar Suleiman, the bank’s CEO, stated this in his closing remarks at the recent Agriculture Summit Africa (ASA) 2022 with the […]
Wema Bank’s earnings up 51% to N95.35bn on loan growth
Business a.m.October 31, 2022
By Business a.m. Wema Bank Plc has recorded gross earnings of N95.354 billion in the third quarter ended September 30, 2022, representing a growth of 51.17 percent year-on-year compared with N63.077 billion posted in the same period in 2021. According to the bank’s unaudited financial results for the third quarter of 2022, the growth in […]
Titan Trust Bank offers N13.5bn for 1.93bn Union Bank’s minority shares
Olivia NnoromOctober 28, 2022
By Olivia Nnorom Months after it consummated a share sale and purchase deal handing it 93.41 percent stake held by a group of core investors in Union Bank of Nigeria Plc, Titan Trust Bank Limited has made a Mandatory Takeover Offer (MTO) of the remaining 1,927,532,558 ordinary shares held by minority shareholders of […]
GTCO’s profit before tax rises 11.7% to N169.7bn in Q3 2022
Onome AmugeOctober 28, 2022
By Onome Amuge Guaranty Trust Holding Company Plc (GTCO) has reported profit before tax (PBT) of N169.7 billion following operations in the third quarter ended September 30,2022. The result reflects an increase of 11.7 percent against N151.9 billion recorded in the corresponding period ended September 2021. The Group’s unaudited consolidated and separate finance […]