Browsing: News
Analysts have painted a gloomy future for Nigeria’s economy due to the recent oil shock
Access Bank earnings pick as lender builds Pan-African footprint
Analysts advocate reforms, say CBN’s impossible trinity pursuits unsustainable. The Central Bank of Nigeria seems to have demystified the impossible trinity but experts at WSTC Securities Limited has put question mark on its sustainability.
Union Bank reflates earnings, to pay first dividend since 2008. Union Bank of Nigeria Plc has raised earnings performance bar, with gross income coming at ₦159.9 billion, representing a 14% uptick when compare with ₦140.1 billion reported in 2018.
CBN tightens regulation on MFBs, recommend ban on speculative, FX activities . The Central Bank of Nigeria has issued the revised supervisory and regulatory guidelines for micro finance banks in Nigeria to support the development and sustainability of the sector.
AFEX Commodities Exchange Ltd on Wednesday signed a Memorandum of Understanding with the Financial Market Dealers Quotation (FMDQ) to expand access to finance for the country’s agricultural sector.
FBN’S CEO joins global industry leaders at annual FinTech, InsureTech summit More than 700 global leading finance practitioners joined the…
IFC, CMB Close $40m Guarantee Facility to Boost Trade Finance in Nigeria International Finance Corporation , a member of the…
IFC partners Union Bank to Support Nigerian SMEs, Women-led Businesses. International Finance Corporation (IFC), a member of the World Bank Group, today announced a $25 million local-currency investment in a risk-sharing facility to expand Union Bank’s lending to small and medium enterprises (SMEs) in Nigeria.
UBA posts N89.1 billion profit in 2019. United Bank for Africa (UBA) Plc has posted a profit after tax of N89.1 billion for the financial year ended Dec. 31, 2019.