Banking

Banking

FCMB records third quarter spurt in earnings

BusinessDay Nov 03, 2014

First City Monument Bank plc (FCMB) recorded third quarter (Q3) spurt in earnings as the Nigerian lender continues to spread...

Banking

Standard Chartered reiterates goal of Consumer Price Tracker in Nigeria

BusinessDay Nov 03, 2014

Standard Chartered Bank has reiterated that its premise Consumer Price Tracker (SC-PCPT) is not intended to replicate the official Consumer...

Banking

Zenith Bank records single-digit growth in Q3 profit

BusinessDay Oct 30, 2014

Nigeria Zenith Bank plc has recorded a single-digit growth in its third quarter (Q3) profits as the industry grapples with...

Banking

How acquisition takes Heritage Bank from regional to a national lender

BusinessDay Oct 29, 2014

After investing N56 billion to acquire Enterprise Bank Limited, Heritage Bank Company Limited has automatically become a national bank that...

Banking

FCMB’s $300m facility targets expansion, economic support

BusinessDay Oct 29, 2014

First City Monument Bank (FCMB) has continued to witness improved earnings growth, a strong balance sheet and credit standing. The...

Banking

First Bank records 5.24 percent jump in third quarter profit

BusinessDay Oct 28, 2014

First Bank Nigeria Holding Plc (FBNH) in a third quarter results released, on Tuesday, recorded improved performance at both the top...

Banking

CBN cuts banks' foreign currency borrowings to 75 per cent

BusinessDay Oct 28, 2014

The Central Bank of Nigeria (CBN) has cut the limit on banks’ foreign currency borrowings to 75 percent of shareholders’ funds...

Banking

CBN moves to check banks’ foreign currency exposure

BusinessDay Oct 28, 2014

Concerned with the rising propensity of banks for foreign currency borrowings through foreign lines of credit and Eurobonds, the Central...

Banking

Analysts say cost pressure, stiff regulation responsible for GTBank’s Q3 profit sag

BusinessDay Oct 28, 2014

Analysts say cost pressures resulting from the acquisition of subsidiaries combined with stiff regulations are responsible for Guaranty Trust Bank’s...

Banking

UBA and Ixaris to deliver e-Commerce payments to over 10m across Africa

BusinessDay Oct 28, 2014

United Bank for Africa (UBA) plc has announced a deal with Ixaris and its Nigerian partner “Ojapay” to deploy a...

Banking

Unity Bank’s retail banking innovations take services to the people

BusinessDay Oct 28, 2014

The hallmark of retail banking is supporting local businesses, both large and small. But in order to turn a bank...

Banking

Sterling Bank 9-month pretax profit rises 41 percent

BusinessDay Oct 27, 2014

Nigeria’s Sterling Bank said on Monday its 9-month pretax profit grew 41 percent to 8.5 billion naira ($51.67 million) from...

Banking

FCMB secures $300m term loan facility from DFIs, others

BusinessDay Oct 27, 2014

First City Monument Bank (FCMB) Limited has successfully secured over $300 million medium and long term funding from Development Finance Institutions (DFIs) and international commercial banks in four different...

Banking

Unity Bank lists new shares as capital base rises by N39.2bn

BusinessDay Oct 27, 2014

Unity Bank plc has listed the supplementary shares from its recent combined rights and special placement offers, adding N39.22 billion...

Banking

Sterling Bank's new devices enhance financial inclusion, education

BusinessDay Oct 27, 2014

As part of efforts to enhance financial inclusion and improve the quality of education among secondary schools, Sterling Bank plc...