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Fidelity Bank’s SME Deposit Rises To N120bn

Fidelity Bank’s SME Deposit Rises To N120bn

One of Nigeria’s most capitalized financial institutions,Fidelity Bank Plc, has said it intends to intensify support for Micro and Small Medium Enterprises, MSMEs, through initiatives channeled towards raising their level of competitiveness. The bank hopes to increase its loan book in 2016 by aggressively lending to MSMEs which have been touted to be the engine of growth […]

Diamond Bank Awarded As Best SME Bank

Diamond Bank Awarded As Best SME Bank

Diamond Bank Plc has been named and awarded the Best SME Bank in West Africa by the famous Banker Magazine in the 2015 West Africa Awards. The Bank also emerged as the Best Microfinance Bank in West Africa. According to the awarding institution, the awards are in recognition of the Bank’s high value addition to […]

Skye Bank To Hold A Millionaire Reward Scheme

Skye Bank To Hold A Millionaire Reward Scheme

The “Reach for the Skye’’ millionaire reward scheme which started last year and has taken place in Ibadan, Onitsha, Benin, Federal Capital Territory, Abuja and Lagos, will hold at the Ariaria market, Aba. A businessman and past winner of the scheme in the 1 million naira category, Kazeem Saheed Owolabi expressed how winning the large […]

GTBank To Reward Mobile Banking Customers

GTBank To Reward Mobile Banking Customers

Foremost financial Institution; Guaranty Trust Bank (GTBank), has launched the #GTBankMobileWin100k competition to reward its mobile banking customers by availing them a chance to win N100,000 weekly in the mBank January rewards. The competition will run throughout the month of January 2016 and ten lucky customers will win N100,000 weekly during the period. To participate […]

Stanbic IBTC Report For 2015

Stanbic IBTC Report For 2015

The nation’s private sector ended 2015 on a positive note with business conditions improving to the highest level since July. According to statistics from Stanbic IBTC Bank Purchasing Managers Index (PMI) for December 2015, a key factor behind growth of the sector as a whole was higher new orders – the latest rise was the […]

Banking Records, N853.8billion Loss In 2015

Banking Records, N853.8billion Loss In 2015

Banking stocks were hit badly in 2015 as 13 banking and three bank affiliate stocks record huge decline of N853.820 billion in their share prices. The woe in banking and bank affiliate stocks reduced their stock prices drastically during the review period of 2015. The loss recorded in 13 bank stocks during the year under […]

FirstBank Unveils FBN In Senegal

FirstBank Unveils FBN In Senegal

FBN Holdings is expanding its foothold in Africa with the unveiling of FBN Bank Senegal, formerly registered as International Commercial Bank (ICB). According to the bank, this follows the agreement reached by FirstBank and International Commercial Bank Financial Group Holdings for the acquisition of a 100% equity interest in ICB Senegal. FirstBank noted that the […]

Banks To Start Recieving Foreign Currencies

Banks To Start Recieving Foreign Currencies

The Central Bank of Nigeria’s (CBN) directive, issued on the 11th of January, 2016, authorizing Commercial Banks in Nigeria to resume acceptance of foreign currency cash deposits.

Access Bank Releases Its Half-year Earnings Report

Access Bank Releases Its Half-year Earnings Report

Access Bank Plc on Thursday, January 7, released its half-year earnings report on the Nigerian Stock Exchange, showing impressive growths across key fundamentals. On the strength of the six-month earnings, which saw 43 per cent growth in gross earnings and 39 per cent in profit after tax, the board of the bank has recommended distribution of […]

CBN Grants Wema Bank National Banking License

CBN Grants Wema Bank National Banking License

Wema Bank Plc, one of Nigeria’s premier financial institutions has been granted a National Banking License; an upgrade from its current regional banking authorization after complying with the Central Bank of Nigeria’s requirements. In 2010, Wema Bank downscaled to operate only within its core areas of business – South-South, South-West and FCT Abuja. Now, the […]

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