Polaris Bank says it has adopted a customer-centric approach as part of its restructuring in order to boost future success. The lender also said it was concluding plans to inject tier-ii capital in order to enhance the growth of its…
By Sodiq Adelakun Experts have revealed that the suspension of Nigeria’s Central Bank Governor by President Bola Tinubu, will usher in the much needed monetary policy reform and strengthen exchange rate at the parallel market. Recall that President Tinubu, on…
Profits at FBN Holdings, the parent company of Nigeria’s oldest bank, First Bank increased by 54.4 per cent growth to N50.09 billion, hitting a decade high, analysis showed. The financial services group reached the revenue milestone riding on the wave…
Stanbic IBTC Holdings Plc said its income grew by 40 per cent in 2022 financial period. The Chief Executive, Stanbic IBTC, Demola Sogunle, disclosed this while presenting its 2022 financials at its 11th annual general meeting in Lagos. He said,…
Nigeria’s currency on Friday slipped further against the dollar by 0.26 per cent as demand increased at the parallel market. During the intraday foreign exchange trading on Friday, the dollar traded at the rate of N765 compared to N763 on…
…Wike hails Tinubu over suspension of Emefiele …Eviction of Emefiele commendable — Shehu Sani …Tinubu is not here to play — Deji Adeyanju By Sodiq Adelakun Mixed reactions have continued to trail the suspension of Godwin Emefiele as Central Bank…
Polaris Bank is pleased to announce the appointment of two new members of its executive leadership team. Chinwe Iloghalu joins the Bank as Executive Director, Lagos and Corporate Banking and Martins Izuogbe joins the Bank as Executive Director, Service and…
Following the immediate suspension of the Central Bank of Nigeria Governor, Godwin Emefiele, from office, his Deputy (Operations Directorate) Folashodun Adebisi Shonubi, has been announced to act in his capacity in the meantime. President Bola Tinubu, on Friday night suspended…
President Bola Ahmed Tinubu has suspended the Central Bank of Nigeria, CBN, Governor, Mr Godwin Emefiele from office with immediate effect. According to a terse statement by Willie Bassey Director, Information Office of the Secretary to the Government of the…
The juicy foreign exchange earnings of Nigerian banks have come under intense pressure due to low dollar economic activities, analysis and expert opinions have said. Available data gleaned from the Nigerian Exchange Group (NGX) showed five banks- Stanbic IBTC Holdings,…
