Banking

Shareholders okay Access Holdings’ $1.5bn capital plan, N350bn rights issue

The plan by the Access Holdings Plc to establish a capital raising programme of up to $1.5 billion has been…

2 years ago

UBA America boosts commercial diplomacy, hosts business leaders in U.S.

UBA America, the United States subsidiary of United Bank for Africa (UBA) Plc, has hosted diplomats, government officials, and business…

2 years ago

CBN reduces banks LDR to 50%

The Central Bank of Nigeria (CBN) has reduced the Loan-to-Deposit Ratio (LDR) of deposit money banks from 65 per cent…

2 years ago

2030: World Bank, AfDB partner to connect 300m Africans to electricity

The World Bank Group and African Development Bank (AfDB) Group are partnering on an ambitious effort to provide at least…

2 years ago

2023 results: Zenith Bank achieves milestones in earnings, profit, deposit, assets

Zenith Bank Plc has achieved a remarkable triple-digit growth of 125% in gross earnings from N945.6 billion reported in 2022…

2 years ago

UBA profit hits N758bn, assets rise to N20.65trn

The United Bank for Africa (UBA) Plc has recorded N758 billion profit in the full year which ended on December…

2 years ago

GTCO posts N609.3bn profit, CEO speaks on success

Guaranty Trust Holding Company Plc (GTCO) has reported a Profit Before Tax of N609.3 billion for the financial year ended…

2 years ago

Zenith Bank’s assets hit N20.4trn, lender posts N795.9bn profit

Zenith Bank Plc has declared that its total assets increase to N20.368 trillion in the year 2023. The Company Secretary…

2 years ago

CBN bans foreign currencies as collateral for naira loans

The Central Bank of Nigeria (CBN) has directed all banks in the country to stop the use of foreign currencies…

2 years ago

CBN sells $10,000 to BDC operators at N1,101/$

The Central Bank of Nigeria (CBN) has approved daily sales of $10,000 to 1,588 eligible Bureau De Change (BDC) operators…

2 years ago

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