Ecobank Transnational Appoints Akin Dada as Group Executive, CIB
Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group announces the appointment of Akin Dada as Group Executive, Corporate and Investment Bank (CIB).
CBN Freezes Companies, Individuals Accounts for Infractions
The Central Bank of Nigeria (CBN) has secured three separate interim orders from a Federal High Court in Abuja to freeze bank accounts linked to 194 business entities and individuals in 17 banks for various infractions.
Sovereign Trust Insurance Records N687m Profit After Tax in 2020
Sovereign Trust Insurance Plc on Saturday said it recorded a Profit After Tax (PAT) of N687 million in 2020, against N503 million recorded in 2019.
Weak Liquidity Keeps Interbank Rates at Double Digits
Weak liquidity in the financial system has kept interbank rates at high double digit amidst scarcity of matured inflow. Analysts noted the interbank funding rates remained elevated at double digits as financial system liquidity opened in a deficit of N67.9 billion, from a surplus of N18.1 billion.
UBA Assures Shareholders Better Times, Assets Hit N7.7trn
United Bank for Africa (UBA) Plc on Thursday assured its shareholders and investors of enhanced returns on investments in the coming months. This, the bank said, followed its establishment of a diversified business model that would ensure impressive performance.
Polaris Bank Splashes N26m Cash Prizes on Customers
Polaris Bank Ltd. said that a total of N26 million would be won by 188 lucky customers nationwide as the grand finale of its ongoing ‘Save and Win’ promo closes in April.
Union Bank Boosts Pre-tax Profit, Declares Dividend for 2020
Union Bank Plc.’s boosts performance as pre-tax profit rose to N25.4 billion in 2020 amidst pandemic-induced stress in the global economy.
Debt Market Trades Sideway amidst Policy Uncertainty
The Nigerian debt or fixed income market trades sideway on Monday
Foreign Investment Drops as Investors Sideline Nigerian Economy
Foreign investment inflows dips again as Nigerian economy remains less attractive
Nigerian Banks Valuations Still Attractive In spite of Profits Drop, Says CSL
Nigerian Banks valuations are expected to remain attractive despite expectation
