…As market capitalization raise to N2.69 trillion The market capitalisation of the top five banks, referred to as the Tier-1 banks or FUGAZ, appreciated by 2.23% to close at N2.69 trillion as at 4th of February, 2022, as investors in…
The market capitalization of the top five banks referred to as the tier-1 banks, appreciated by 1.32% to close at N2.63 trillion as at close of business, 21st of January, 2022, as investors in these banks gained a total of…
…CRR signals risk to financial intermediation, stability of banking system —Former DG, LCCI …Current rate, too high for financial sustainability By Seth Akande, Abimbola Abatta, Ariemu Ogaga, Seun Ibiyemi, Uthman Salami The Cash Reserve Ratio (CRR) debits from ten prominent…
Access Bank held its Court-Ordered Meeting of Shareholders yesterday to consider the Scheme of Arrangement that was earlier released to the shareholders and investing public last week. At the meeting, the Chairman of the Bank, Dr Ajoritsedere Awosika stated that…
By Seun Ibiyemi Financial leading institutions in Nigeria have earned a sum of N88.9 billion from Account Maintenance charges in the 9-month period of 2021. This is according to data extracted from the quarterly financial statements of the twelve listed banks…
Leading retail bank in Nigeria Access Bank Plc, will be rewarding its customers with Cash prizes, mobile phones, Gift Hampers, Bags of Rice, Groundnut Oil and other various gift items in the XtraWin 12 days of Christmas offer. The bank…
The Chairman of Access Bank Plc has issued a letter to all shareholders of Access Bank informing them about the restructuring of the Bank’s Group into a non-operating financial holding company structure. The holding structure is expected to hold the…
By Kayode Tokede Access Bank has created dollar debit cards that customers can use in accessing foreign exchange outside the country. The bank in an email to customers titled “Important Update on Personal/Business Travel Allowance” informed them of the creation…
By Kayode Tokede Access Bank Plc on Tuesday Announ-ced acquiring 78.15 percent shareholding in African Banking Corporation of Botswana Limited (BancABC Botswana). With the announcement, the company’s share price on Nigerian Exchange Limited (NGX) on Tuesday added N0.15 or 1.59 per cent…
By Kayode Tokede Access, FCMB, Wema and other Deposit Money Banks bagged different awards at the 2021 edition of the DBN Service Awards. Justifying the need for the awards, MD/CEO of Development Bank of Nigeria (DBN) Plc, Tony Okpanachi, said…
