Banks Archives

More banks will collapse in two years, Man Group CEO predicts

The CEO of hedge fund Man Group, Luke Ellis, has warned that the banking turmoil sparked by the collapse of Silicon Valley Bank is not over and that a significant number of banks will fail within two years. Speaking at a Bloomberg conference in London on Wednesday, Ellis said, “I think we will have significantly […]

jonuorahpdnlimited-com
22nd March 2023
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194 Views

Banking

Abiola Bawuah named UBA’s first female CEO

The United Bank for Africa Plc has appointed Abiola Bawuah as the Chief Executive Officer of its operations in Africa. The bank announced her appointment, stating that this move demonstrates UBA’s commitment to diversity as the Group Board now includes eight female Directors. Bawuah, who is a Ghanaian, is the first female CEO […]

aadelekepdnlimited-com
30th January 2023
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257 Views

Monarchs begs CBN to extend old naira deadline

Banking

CBN to charge banks N1m daily over new currency

Wilson Adekumola The Central Bank Of Nigeria has said that any commercial bank that failed to comply with the newly redesigned naira notes in terms of picking up for distribution will incur charges of million naira per day. The Deputy Director on Research, Osun State Bracnch, Adeleke Adelokun made this known […]

aadelekepdnlimited-com
20th January 2023
1 Comment
212 Views

Banking

VIDEO: Nigerian banks dispense new naira notes

Commercial banks have started dispensing the newly redesigned naira notes to over-the-counter customers. Channels Television, on Thursday, reported that some banks in major cities across the country have begun dispensing the new notes to customers over the counter. The Governor of the Central Bank of Nigeria, Godwin Emefiele, had on October 26, said the […]

aadelekepdnlimited-com
15th December 2022
1 Comment
396 Views

Banking

How Nigerian banks performed first half of 2022

Experts analysis revealed that Wema Bank, First Bank and Stanbic IBTC stood out as the best performing banks in the first six months of 2022. The Key metrics considered in this analysis are total asset growth, loan book growth, profit growth, cost-to-income ratio movement, and return on average equity. Despite surge in operational cost due […]

sadeniyipdnlimited-com
5th October 2022
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339 Views

Banking

28 banks Join $500m pan-African settlement platform

One year after the African Continental Free Trade Agreement take-off, no fewer than 28 banks in Africa joined the Pan-African Payment and Settlement System, which took off with a $500m facility with an additional 24 banks on the waiting list. Daily Trust reported over 40 different currencies in the African continent. Over time, many traders […]

sadeniyipdnlimited-com
9th June 2022
0 Comments
312 Views

UK state investment agency faces security review after

MAN calls for tax harmonisation, reliable energy for

Sterling Financial records 31.5% growth in gross earnings

Nigeria remains under US visa bond programme, travellers

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Tag: Banks

More banks will collapse in two years, Man Group CEO predicts

Abiola Bawuah named UBA’s first female CEO

CBN to charge banks N1m daily over new currency

VIDEO: Nigerian banks dispense new naira notes

How Nigerian banks performed first half of 2022

28 banks Join $500m pan-African settlement platform

UK drivers steal nearly £200,000 fuel daily amid.

Dangote, Sinoma sign $800m deal to double Itori.

UK state investment agency faces security review after.

Hackers hit Bitcoin safest hiding place, steal $86m

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