Banking - Page 205

NDIC Increases Deposit Insurance Coverage for Banks

May 3, 2024

By Adedapo Adesanya The Nigeria Deposit Insurance Corporation (NDIC) has raised the maximum deposit insurance coverage for depositors of all licenced Deposit Money Banks

Banking

Jaiz Bank Targets 40 Branches Before End of 2018

August 10, 2018

Dipo Olowookere

By Dipo Olowookere Managing Director of Jaiz Bank Plc, Mr Hassan Usman, has disclosed that the non-interest lender plans to have at least 40

Banking

IFRS 9 Won’t Affect Regulatory Capital of Nigerian Banks –Fitch

August 9, 2018

Dipo Olowookere

By Dipo Olowookere Renowned rating agency, Fitch Ratings, has disclosed that regulatory capital ratios for rated Nigerian banks are not under threat following the

Banking

Zenith Bank Makes 50% Provision on 9mobile Loan

August 9, 2018

Dipo Olowookere

By Dipo Olowookere A 50 percent provision has been made available by Zenith Bank Plc on its exposure to the loan obtained by telecoms

Banking

GTBank Delivers Strong H1 Performance, Declares N110b PBT

August 8, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka Tier-1 lender, Guaranty Trust Bank (GTBank) Plc on Wednesday released its audited financial results for the period ended June 30, 2018

Banking

Finalists Emerge in Ecobank Fintech Challenge 2018

August 8, 2018

Dipo Olowookere

By Olubori Oduntan Leading independent pan-African banking group, Ecobank, has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a

Banking

Diamond Bank May Conclude Sale of UK Subsidiary Soon

August 8, 2018

Dipo Olowookere

By Dipo Olowookere Chief Executive Officer (CEO) of Diamond Bank Plc, Mr Uzoma Dozie, has disclosed that the mid-tier lender is expected to conclude

Banking

No Plans to Issue Fresh Eurobond Anytime Soon—First Bank

August 8, 2018

Dipo Olowookere

**Finally Redeems $300m Eurobond By Dipo Olowookere The seven-year $300 million Eurobond issued by First Bank in 2013 at 8.25 percent due to be

Banking

Sterling Bank Issues N35b Commercial Papers

August 6, 2018

Dipo Olowookere

By Dipo Olowookere The management of Sterling Bank Plc has announced the issuance of about N35 billion commercial papers (CP) to boost its operations

Banking

H1 2018: Zenith Bank Profit up by 8.5%, Revenue Drops 15.3%

August 6, 2018

Dipo Olowookere

**Declares Interim Dividend By Dipo Olowookere The board of Zenith Bank Plc on Monday, August 6, 2018 announced the financial statements of the financial

Banking

Keystone Bank Wins Again, Clinches “Africa’s Best Customer Service Provider 2018” and “Best Innovation in Retail Banking Nigeria 2018” at the International Banker Awards in London

August 5, 2018

Dipo Olowookere

Keystone Bank Limited, Africa’s most innovative banking service provider shone brightly at the International Banker Awards, 2018 as the lender emerged winner in two

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