Mrs Funke Okoya, an Executive Director, NOVA Merchant Bank has been appointed Chairperson, Women’s Empowerment Commission of the Women in Finance Nigeria. Okoya’s appointment was announced along with four other new executives at a recent signing of the International Partnership/Affiliation with the Women Working for Change. The Women Working for Change is an organ of…
First Bank of Nigeria Limited has announced that it will host the Financial Markets Dealers Association’s (FMDA) quarterly meeting scheduled for 5pm on Friday, 16 September 2022, at Federal Palace Hotels, Victoria Island, Lagos. The event themed “Nigeria Macroeconomic Developments and Outlook: IMF View” will have its keynote address delivered by Ari Aisen, IMF Resident Representative for Nigeria….
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited financial results for the half year ended June 30, 2022, recording double-digit growth across key income lines as well as significant progress in the contribution from its subsidiaries. At the end of the first two quarters of the year, the Bank was…
GTCO Plc Releases 2022 Half year Audited Results … Reports Profit Before Tax of ₦103.2billion Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit…
The Bank’s Firstmonie Agents play a critical role in promoting financial inclusion in the country The Bank currently has over 180,000 Firstmonie Agents spread across 772 Local Government Areas in Nigeria Since 2020, FirstBank has economically empowered thousands of its Firstmonie Agents with over 100 billion naira credit facility. First Bank of Nigeria Limited, Nigeria’s…
Zenith Bank Plc has been ranked as the Number One Bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine. For the thirteenth consecutive year, the Bank retained its position as the number one Tier-1 bank in Nigeria with a Tier-1 Capital of $2.75 billion, emerging…
Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2022, retaining the award for a second consecutive year. The bank was also named as the Best Corporate Governance Bank, Nigeria in the World Finance Corporate Governance Awards 2022. The awards, which were presented to the Group Managing…
Fragmentation in the Nigerian payment space has served more as a constraint than an enabler; Squad by GTCO positions to lead with innovation and efficiencyWithout a doubt, digital payment is the next growth frontier for financial services. Amongst other extenuating factors, growing digitalisation, mobile penetration, and evolving consumer behaviour have accelerated the shift towards cashless…
The United Bank for Africa (UBA) on Wednesday, redeemed its debut $500 million 5-year Eurobond notes with the maturity date of June 8, 2022.Issued in 2017, the five-year bond was offered at a coupon rate of 7.75%, and raised to support the Bank’s business in key sectors of the economy.As part of UBA’s liability management…
When it comes to internet penetration and adoption of mobile payments, most African countries are still very much below the global average. Even where the internet penetration is improving, the mobile payments adoption rate is still low, meaning an overall lag. For instance, in Kenya where mobile payment adoption is most on the continent, only…
