Banking Archives - Business Journal

Herbert Wigwe Group Managing Director/CEO Access Bank Plc Access Bank Plc, UBA Plc, GT Bank Plc, Fidelity Bank Plc and First City Monument Bank (FCMB) Plc were fined over N1.4 billion in the first half of 2021 for various infractions/regulatory violations ranging from forex regulations and late filling of annual accounts amongst others by the

Union Bank of Nigeria Plc is in the crosshairs of the Economic and Financial Crimes Commission (EFCC) over an alleged N1.9 billion fraud involving its recently retired CEO, Mr. Emeka Emuwa and two other senior officials. Already, the EFCC has filed a five-count charge (suit No: ID/14355C/2021of February 17, 2021) against Emuwa, Mr. Adeoya Oluwagenga

The World Bank Group issued the following statement on the Doing Business report: “Trust in the research of the World Bank Group is vital. World Bank Group research informs the actions of policymakers, helps countries make better-informed decisions, and allows stakeholders to measure economic and social improvements more accurately. Such research has also been a valuable tool for the private sector, civil society, academia, journalists, and others, broadening understanding of global

Chief Executive, Stanbic IBTC Holdings, Demola Sogunle while addressing participants at the recently held “RetireFit 1.0” stated that, “It warms my heart to see so many of you logged on to participate in today’s fitness session. On behalf of all of us at Stanbic IBTC, I say a big thank you and welcome. It is 9 am,

Godwin Emefiele Governor Central Bank of Nigeria The Central Bank of Nigeria (CBN) and the Nigeria Sovereign Investment Authority (NSIA) are set to lead discussion at a summit on Infrastructure, Small and Medium Scale Enterprises (SMEs) financing. The summit is part of activities marking the 30th Anniversary celebration and 2021 Annual Conference of the Finance

As part of its commitment to promoting a savings lifestyle, Nigeria’s leading end-to-end financial services provider, Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has launched a savings campaign. This campaign is to reward its customers for opening and depositing funds in their accounts. The savings campaign seeks to encourage customers to

  Ebenezer Onyeagwu Managing Director/CEO Zenith Bank Plc Zenith Bank released its H1-21 interim financial report recently showing that operating expenses grew at a faster pace (+10.3% to NGN149.85 billion), as all major contributory line items, save for personnel expenses (-3.3% y/y to NGN37.58 billion), recorded growth. According to Cordros Capital, interest income declined by

As part of its commitment to help stimulate and grow a solid and active small and medium scale enterprises sector in Nigeria, Stanbic IBTC established the SME Capacity Building series, which has trained over 3,500 entrepreneurs in the country. To further strengthen the initiative, the Bank, in 2019, entered a partnership with the Enterprise Development