Banking

AfDB seeks stronger partnership with UBA, lauds bank for facilitating Africa’s devt

The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, stated that building bridges between international capitals and African…

10 months ago

CBN sells $197.71m to banks to boost forex liquidity

The Central Bank of Nigeria (CBN) has supplied $197.71 million to the foreign exchange market through sales to authourised dealers.…

10 months ago

FCMB records N111.9bn profit, revenue hits N794bn in 2024

First City Monument Bank, FCMB, has recorded a Profit Before Tax (PBT) of N111.9 billion for the financial year ending…

10 months ago

Sterling Bank removes transfer fees on online transactions

Sterling Bank has removed transfer fees on all local online transactions, becoming the first major Nigerian bank to do so.…

10 months ago

CBN: Net forex reserves hit $23.11bn in 2024

The Central Bank of Nigeria (CBN) has announced that its Net Foreign Exchange Reserve (NFER) stood at $23.11 billion as…

10 months ago

6 banks post N3trn profit amid complaints, challenging environment

Six Nigerian banks have posted N3.41 trillion as Profit After Tax (PAT) in 2024 against the N2.1 trillion recorded in…

10 months ago

Fidelity Bank records N385.2bn profit, investors to get N2.10 dividend

Fidelity Bank Plc has reported a pre-tax profit of N385.2 billion for 2024, representing a 210 per cent growth compared…

10 months ago

IMF appoints Tony Elumelu to Advisory Council on Entrepreneurship, Growth

Heirs Holdings Founder and Group Chair, Tony O. Elumelu, CFR, has been appointed by the International Monetary Fund (IMF) to…

10 months ago

Zenith Bank’s profit hits N1.3trn, assets rise to N30trn, proposes N4 dividend

Zenith Bank Plc has announced its audited financial results for the year ended December 31, 2024, delivering significant growth across…

10 months ago

UBA posts N3.19trn gross earnings, N803.72bn profit in 2024

The United Bank for Africa (UBA) Plc has announced that its gross earnings grew from N2.08tn recorded at the end…

11 months ago

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