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…
Union Bank of Nigeria Plc has announced its unaudited financial statements for the first quarter (Q1) ended March 31, 2021 with Gross earnings dropping by 15per cent to N36.4billion from N42.6billion in Q1 2020. The decline in gross earnings, according…
The Central Bank of Nigeria (CBN) has stated that islamic finance assets is projected to reach $3.7 trillion by 2024. This is even as they noted that the COVID-19 pandemic halted the growth of the Islamic finance sector but stimulated…
FMDQ Securities Exchange recorded a turnover of N50.32 trillion in the Fixed Income and Currency (FIC) market in the first quarter (Q1) of 2021. A breakdown of the performance showed a steady monthly growth, rising from N13.03 trillion in January,…
By Kayode Tokede Fidelity Bank plc has reported 64 per cent increase in profit to N9.59billion in its unaudited result and accounts for first quarter (Q1) ended March 31, 2021 from N5.86billion reported in first quarter of 2020. The lender…
By Kayode Tokede Ecobank Trans-national Incorporated (ETI) has released its Q1, unaudited results for the period ended March 31st, 2021 showing remarkable performance in all the key financial indices. The Pan African bank recorded a profit Before Tax (PBT) of…
