Banking

Nigeria secures World Bank’s $2.25bn loan at 1% interest rate

The Federal Government had secured a $2.25 billion single-interest loan from the World Bank. The facility offers a 40-year-term with…

2 months ago

FirstBank appoints Olusegun Alebiosu Acting MD/CEO

Following the sudden resignation of its Managing Director/Chief Executive, the Board of FBN Holdings Plc. has appointed Mr. Olusegun Alebiosu…

2 months ago

AGM: Shareholders remember Wigwe, others at Access Holdings

By ETIM ETIM Out of deference and honour to their departed chairman, Mr. Bababode Odunkoya and Group Chief Executive, Dr.…

2 months ago

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 months 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 months 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 months 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 months 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 months 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 months 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 months ago

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