March 10, 2025
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Home Business Archive by category Banking (Page 6)

Banking

In recognition of their contributions to the development of the Nigerian economy, especially the financial services industry over the years, the Chairman, First Bank of Nigeria Limited, Ibukun Awosika; Group
Banking Business

UBA Wins Big at Finacle Client Innovation Awards

Ihesiulo Grace 0
United Bank for Africa has continued to receive accolades and global recognition for its  commitment to the use of cutting-edge technology to provide simple and convenient banking solutions and services to its customers. The pan African banking Group was adjudged winner in two categories at the recently concluded Finacle Client Innovation Awards 2016, organised in India
Banking Headlines News

CBN pledges to stem inflation

Ihesiulo Grace 0
The Central Bank of Nigeria (CBN) has assured the citizenry of its resolve to bring down inflation to make life meaningful for the people just as it vowed not to be distracted by blackmail. Reacting to last week’s protest in its Abuja Head Office, the Director, Corporate Communications of the apex bank, Mr Isaac Okoroafor, […]
Banking

Why you need a fixed deposit account

Ihesiulo Grace 0
Not too many bank customers have a fixed deposit account. As a matter of fact, many people only heard of the fixed deposit account when they were in the secondary school. Studies have shown that over 75 per cent of bank customers operate savings and current accounts, while only about 25 per cent do fixed […]
Banking Headlines

CBN faults ‘banks’ insolvent’ report

Ihesiulo Grace 0
The Central Bank of Nigeria (CBN) has faulted the report of the Dubai-based Arqaam Capital, describing it as false and overstatement of issues. It, however, reiterated that Deposit Money Banks in the country are sound and have strong capital buffers, despite obvious challenges associated with oil and commodity-dependent economies across the globe. The Director of […]
Banking Headlines News

Seven banks are understress, says report

Ihesiulo Grace 0
A stress test conducted by a Dubai-based international investment bank, Arqaam Capital, has indicated that seven Nigerian banks are undercapitalised to the tune of N1tn ($3.2bn). It also reported that two other banks were close to being insolvent. The investment bank said the Nigeria’s banking industry “is experiencing a full-blown financial crisis” as failed fiscal […]
Banking

Union Dicon Salt Plc reduces losses by 97%

Ihesiulo Grace 0
  Union Dicon Salt Plc (UDSP) has released its  financial statement for the year ended 31st December 2015 indicating a 97 percent reduction in the company’s losses. In 2014, the company reported N87.62 million as loss for the financial year, which reduced by N85 million to N2.6 million and grew its operating income from N61.31million […]
NLC protest
Banking

DMBs agree to halt mass reduction of workforce

Ihesiulo Grace 0
  Deposit money banks (DMBs) in the country have agreed to halt the spate of recent mass sack in the industry over the threat by Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to picket banks that indulge in further mass sack of their employees. According to Bola Adesola, Managing Director of Standard Chartered Bank who […]