By Kayode Tokede Wema Bank has announced plans to commemorate its 76th anniversary including social media engagement program with customers on social media and various giveaways. Wema bank commenced operations in 1945 Agbonmagbe Bank Limited, and hence the longest surviving…
By Kayode Tokede The value of Automated Teller Machine (ATM) transactions, on quarterly basis dropped by N67 billion to N4.82 trillion in the fourth quarter of last year (Q4’20) from N5.49 trillion in the previous quarter, Q3’20. The volume of…
By Kayode Tokede Currency in circulation rose by 1.04 per cent to N2.81 trillion in March from N2.78 trillion reported by Central Bank of Nigeria (CBN) in February 2021. Our correspondent gathered that currency in circulation in its Year-to-Year performance…
By Kayode Tokede A total of six Nigerians have emerged millionaires in the Polaris Bank ‘Save and Win’ grand finale promo draws. The millionaires include Williams F. Atinuke, a customer of the Ikorodu Local Govt branch; Bello G. Amthe, a…
By Kayode Tokede Access Bank Plc, United Bank for Africa Plc and four other big banks in Nigeria reported N235.4billion profit in first quarter (Q1) ended March 31, 2021. This is an increase of 6.03 per cent from N222.02billion reported…
The Central Bank of Nigeria (CBN) has approved the appointment of Mrs. Beatrice Hamza Bassey as the substantive Chairman of the Board of Directors of Union Bank of Nigeria Plc. She joined the Board of Union Bank in 2015 as…
Ecobank has once again reiterated its unwavering support for the creative industry in line with Central Bank of Nigeria (CBN) directive—Creative Industry Financing Initiative. This time, it has thrown its weight behind one of the most anticipated Nollywood movies of…
Sterling Bank plc has reported 16 per cent increase in profit to N2.4billion in first quarter (Q1) ended March 31, 2021 as against N2.1billion reported in first quarter of 2020. The lender also reported 5.8 per cent decline in gross…
Naira at the Investors & Exporters Foreign Exchange window ( I & E FX) appreciated against the Dollar by 0.06 per cent on Thursday to close at N411. It, thus, depreciated by 0.51per cent and 0.09per cent against the Euro…
The Central Bank of Nigeria’s (CBN) Treasury Bills Auction worth N88.46 billion was oversubscribed by 174.6 per cent on Wednesday. The stop rates for the 91 and 182-day tenor bills fixed at two per cent and 3.50per cent respectively. The…
