Bankers oppose removal of retained earnings in CBN terms
Bankers are expressing their disapproval of the Central Bank’s decision to exclude retained earnings from the calculation of share capital in its…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Access Holdings grows profit by 306% as assets hit N26tn
Access Holdings grew profits by 306.91 per cent to N619.32bn for the financial year 2023 from N152.20bn recorded in the previous year.…
Access Corporation post N612.4bn profits for 2023
Access Corporation, Nigeria’s largest finance holding company has reported a profit of N612 billion after tax, with a 300% increase when compared…
Ecobank Group appoints Osei-Poku as regional exec for anglophone W/Africa
The Board of Ecobank Group, the pan-African financial services group has announced the appointment of key senior executives to strengthen the Group’s…
First bank appoints five new directors
Nigeria’s foremost bank banking with a legacy spanning 130 years, FBN Holdings, is embarking on a journey under billionaire investor Femi Otedola.…
Parallex Bank opens Uyo branch
One of the newest commercial banks in Nigeria, Parallex Bank, has opened a new branch in Uyo, Akwa Ibom State. The bank,…
Banks suggest alternatives amid internet banking outage
As mobile applications and internet banking services continue to be unavailable for the second day in a row, some commercial banks affected…
Bank directors seek lawmakers, regulators cooperation on policies
The Bank Directors Association of Nigeria has called for cooperation between lawmakers, regulatory authorities and the banking sector operators in the formulation…
Unity Bank, SkillPaddy partner, train 1,000 female software engineers
Unity Bank Plc has partnered with tech platform, SkillPaddy, to train 1,000 female software engineers. The training, which was tagged ‘Count Her…
FX payments rose to $1.3bn in February – CBN
Foreign remittances into the nation increased to $1.3 billion in February 2024 from $300 million the month before according to the Central…
Africa imports 80% of medicines, says AfDB
By Melvin Onwubuke The President of the African Development Bank, Akinwumi Adesina has said that Africa imports between 70 per cent…
Egypt floats pound, loses over third of value
Egypt’s central bank announced Wednesday it was floating the pound in a move to unlock emergency loans from the IMF that saw…