The Nigerian banking sector recorded impressive growth in the first quarter of the year, recording a 23.24% year-on-year increase in real GDP. This is also evidenced by the performance of the twelve commercial banks listed on the Nigerian Exchange (NGX). Wema Bank proved its mettle in the key metrics of total assets growth, customer deposit growth, profit after tax growth, …
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Divisional Head, Retail, SME Banking and E-Business, Unity Bank Plc, Mr. Olufunwa Akinmade has explained that the “raison d’etre for launching the Bank’s latest retail product called Yanga is to create a unique product proposition aimed at empowering the underbanked women entrepreneurs in Nigeria”. Akinmade, who stated this during a chat with the media, citing a recent EFInA report, said …
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With a significant cut in its impairment charges (which translates into a clean loan book) in its 1Q, 2022 results, after it successfully brought down its non-performing loan to 6.1 per cent in 2021 full year performance, analysts say the repeat of the impressive performance of FirstBank in the first quarter did not only show the consistency in its rebound, …
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Sterling Bank Plc, Nigeria’s leading commercial bank, has signed a Memorandum of Understanding (MoU) with the Nigerian Optometrist Association (NOA) to automate operations, enhance capacity and provide funding at competitive interest rates for members of the association. Speaking at the signing ceremony of the MoU in Lagos recently, Mrs. Ibironke Akinmade, Group Head, Health Finance of Sterling Bank, said the …
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In collaboration with Interswitch, FirstBank has launched a promo to reward users of the FirstMobile app, its industry-leading mobile banking application. The promo tagged FirstMobile Cash-out Promo will run for 3 months. The promo, which started on Monday, 21st March 2022 will end on Tuesday, 21st June 2022. Various prizes including, N1,000,000, N40,000, N10,000.00 cash prizes, N40,000 Airtime, LED Televisions, …
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It was all bliss, glamour, entertainment and good company as OPPO Nigeria Kicked off Unlimited Me, In Portrait campaign to Unveil Reno 7 on 17th May with a grand event at Ebony Life Place in Lagos, Nigeria. The leading global smartphone innovators is at the top ladder of innovation and technology. Reno 7 the Portrait Expert was launched following the …
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One of Nigeria’s leading telecom executives, Lanre Olaniyan, has stepped down from his position as the Managing Director of Omnicom Solutions Limited after 14 years of managing the company’s affairs. Confirming the news on Monday, May 16, 2022, Olaniyan explained that contrary to the usual expectation, he did not quit the company but only decided to step aside to focus …
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In commemoration of this year’s World Earth Day, Unity Bank Plc in partnership with 3 non-government organisations – Recycling Scheme for Women and Youth Empowerment, RESWAYE, MEDIC and KBG – has conducted a beach cleaning exercise as part of its commitments to promoting environmental sustainability. No fewer than 200 members of staff, as well as over 100 members of RESWAYE …
Continue ReadingNigeria’s premier banking institution and leading financial services inclusion services provider, First Bank of Nigeria Limited has won two awards: Best Bank in Nigeria 2022 and Best Banking Digital Transformation Nigeria at the International Investor Awards 2022, a print and online publication that provides insights, news and visual informative pieces with topics ranging from world markets, investing opportunities, industry analysis and so …
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Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2022, with an impeccable growth of 22% in Gross Earnings from N157.3 billion reported in Q1 2021 to N191.5 billion in Q1 2022. From the unaudited statement of account presented to the Nigerian Exchange (NGX) on Thursday, 28th April 2022, the strong double-digit growth in …
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