BANKING

The Central Bank of Nigeria (CBN) has revealed that Nigerian banks have been able to recover about N50.32 million bad loans from debtors within nine-day the country commenced the operations of the Global Standing Instruction (GSI). The CBN Director of Financial Policy and Regulation, Kevin Amugo, who made the revelation...

Pan-African financial services group United Bank for Africa Plc (UBA) has announced the appointments of Rokia Hacko, Chioma Mang, Chinedu Obeta, Bode Aregbesola, Kingsley Ulinfun and Usman Isiaka as chief executive officers of six of its 20 subsidiaries across Africa, subject to regulatory approvals. According to a ststement from the...

A report by Agusto & Co, a credit rating agency has revealed that commercial banks operating in the country have written off bad loans totalling N1.9 trillion from their books in the last four years,. The Agusto & Co 2020 Banking Industry Report which made the disclosure at the weekend...

Access Bank Plc on Wednesday splashed N87.74 million on over 1,000 customers who emerged winners at the second quarterly draw of DiamondXtra Season 12 reward scheme. Mr Rob Giles, the bank’s Head, Retail Product Insight and Capabilities, said the winners emerged five categories. He said the categories were: Salary-4-Life, Rent...

Fidelity Bank Plc has notified the Nigerian Stock Exchange (NSE) and the general public of the appointment of Mrs Nneka Onyeali-Ikpe, as the incoming Managing Director/Chief Executive Officer, effective Jan. 1, 2021. The bank made the announcement on Monday in a notice on the NSE website, signed by Ezinwa Unuigboje,...

Keystone Bank Limited has recently concluded a 5-day capacity building initiative for Micro, Small and Medium Enterprises (MSMEs) in the country on the need to increase online presence and grow sales using digital tools. The training which was tagged: “Boost With Facebook Digital Marketing Webinar Series,” was organised by the...

The United Bank for Africa Plc (UBA), a pan-African financial services group, on Tuesday announced the appointments of Mr Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors. The bank in a statement in Lagos, said the Deputy Managing Directors would be in charge of UBA’s Nigeria and Africa businesses,...

First Bank of Nigeria Limited has said that it has upgraded its mobile banking application, FirstMobile, with new and improved features to promote safe and convenient Mobile Banking experience for customers. The Bank’s award-winning and dynamic mobile banking application has been redesigned with improved security and self-service features to ease...

Sterling Bank Plc says it’s offering a safe option for investments in its Doubble.Ng product to discerning investors seeking double-digit investment income. The bank said Doubble.Ng also offered safety to investors in this period of heightened market volatility and unpredictable macro-economic environment. Doubble.Ng is an investment product denominated in Naira...

Global Finance has named Ecobank as the most innovative bank in Africa. The announcement was made at the eighth Global Finance annual awards, the Innovators 2020, honoring entities that regularly identify new paths and design new tools in finance. Categories in the award include Top Innovations in Corporate Finance, Payments,...