Stanbic IBTC recorded an 85 per cent increase in its Profit After Tax and 66.8 per cent growth in electronic banking in the first quarter (Q1) of 2023. In its Q1 consolidated interim financial statements released on Thursday, Stanbic IBTC…
Wema Bank Plc has released its audited financial statements for the year ended 31st December 2022, revealing strong financial performance despite macroeconomic headwinds. The bank’s Profit Before Tax grew by 20.25 per cent to N14.8 billion as against N12.37 billion…
Flutterwave, Africa’s leading payments technology company, today announced its partnership with SHiiP, Nigeria’s leading courier service. The collaboration aims to improve deliveries for Flutterwave store SMEs and large-scale merchants across the African continent. With over 40,000 small-business entrepreneurs using the…
By David Awoyemi Access Holding Plc disclosed in making it’s provision as impairment loss resulting from the economic impact of Ghana’s sovereign debt crisis. Access Bank also said the West African country’s debts in its books have been valued at…
Union Bank of Nigeria Plc has admitted it may be facing its worst nightmare yet after a Nigerian court awarded N1.49trillion against the bank. The bank looks to the Supreme Court to upturn the judgment made by the appeal court.…
Access Holdings Plc has announced gross earnings of N1.39 trillion for the 2022 financial year. The company disclosed this in its Consolidated and Separate Financial Statement for the year ended Dec. 31, 2022 released on Thursday in Lagos. The gross…
The Debt Management Office (DMO) has debunked a media report that Nigeria defaulted in loans repayments to China. A statement by the DMO in Abuja on Wednesday, advised the public to ignore the report as it is false. A recent…
By David Awoyemi The currency in circulation in the country has skyrocketed by N701.4billion in one month to hit N1.6trillion in March, 2023 after the Central Bank of Nigeria (CBN) reversed its policy on the naira redesign. The Central Bank…
By David Awoyemi NOVA Merchant Bank Limited released a statement of its gross earnings, rose by 37.01 per cent year on year to N23.34 billion as of the end of 2022 financial period from N17.03 billion in 2021FY. The bank…
The Central Bank of Nigeria report has revealed the country’s external reserves fell by $112.78m in two weeks to $35.42bn Figures obtained from the CBN’s data on the movement of external reserves on Monday showed that the reserves, which stood…
