Access Bank United Kingdom says it has grown its profit before tax by 138 per cent to £5m for the 2014 financial year. The lender said its operating income also rose by 37 per cent from £10.9m in 2013 to £15m in 2014. This, it said, reflected the growth in trade finance and asset management activity by the Access Private ...
The Regional Manager, Diamond Bank Plc, Ibadan, Mr. Oluropo Olanrewaju, says the bank has granted about N200bn loans to 60,000 Small and Medium-Scale Enterprises under its BusinessXpress account. Olanrewaju made this known at the 50th edition of the bank’s seminar held in Ibadan for operators of Micro, Small and Medium Enterprises. He said the seminar had provided stakeholders with the ...
Dangote should put his money into building refinery or floating a new club to make Nigeria and Africa proud. These are critical views of Nigerians as Dangote, Africa’s richest man, Aliko Dangote, has said he is still working towards buying Arsenal Football Club, despite the fact that his bid to acquire a stake in the club was rebuffed by the owners ...
First City Monument Bank Limited says it committed to promoting aggressive deposit mobilisation in its efforts to boost economic growth. The lender said its ‘FCMB Millionaire Promo’ was meant to increase economic growth by mobilising deposits from various segments of the economy. The bank stated these while giving its updates on the promo programme. According to a statement by the ...
Following the success of the Social Lender Scheme introduced last year and the impressive response from the beneficiaries; the members of the on-line community, Sterling Bank Plc has repackaged the scheme by increasing the minimum on-line micro credit from N3,000 to N10,000. The Scheme was launched in July 2014 and the Bank disbursed over N6million to over 2000 on-line customers. ...
United Bank for Africa Plc has inaugurated an online banking solution called U-Social, designed to promote financial inclusion and to make the bank’s services available to customers regardless of the time and their locations. The bank in a statement said the U-Social offered flexibility and convenience to customers who desire to do banking transactions on social media using their Facebook ...
Zenith Bank Plc has released its audited results for the 2014 financial year, declaring an 8.3 per cent increase in profit before tax. The results, published by the Nigerian Stock Exchange on Thursday, showed that the group’s PBT rose from N110.597bn to N119.796bn in the review period, while its profit after tax edged up by 4.3 per cent to N99.455bn ...
Alhaji Aliko Dangote has remained Africa’s richest man despite his losses to the devaluation of the Naira and drops in the demand for cement his largest asset. According to Forbes margazine, Dangote was this “year’s biggest loser in dollar terms as his fortune dropped to $14.7 billion from $25 billion last year, propelled downward by a weaker Naira and shrinking demand for ...
Peter Amangbo of Zenith Bank has expressed delight over the performance of the bank and the way Customers are getting attracted. Within the context of the Nigerian operating environment, a total of seven Deposit Money Banks (DMBs) have been rated high in asset quality. The banks are: Zenith Bank, Guaranty Trust Bank (GTB), First Bank Nigeria (FBN) Plc, United Bank for ...
Our attention has been drawn to an Open Letter Advertorial signed by one Hon. Osita Igbe, Director of Media and Publicity, Okezuo Abia Campaign Organisation, addressed to the Chairman/Managing Director of Diamond Bank Plc, entitled “Reckless Conduct of Alex Otti”. The advertorial which was published on page 17 of Vanguard and page 37 of The Guardian of Tuesday, February 16, ...