A key subsidiary of Ecobank Transnational Incorporated (ETI) said it is seeking to raise capital from the international debt capital market through the issuance of Ecobank...
Ecobank secures N50bn 10-year subordinated loan Ecobank Transnational Incorporated, the parent company of the Ecobank Group, has announced that one of its significant subsidiaries, Ecobank...
Financial Inclusion: FirstBank’s 86,000 banking agents process N9.6trn transactions Runs largest agent banking network in 772 local governments At present, there are over 86,000 banking...
INNOVATION: FirstBank unveils virtual payment card First Bank of Nigeria Limited says it has launched a virtual payment card, a naira-denominated debit card and digital...
Unity Bank targets N341m profit in Q1 2021 Projects N9.32bn Gross Earnings; N312m PAT Unity Bank Plc has disclosed that it is expecting to rake...
Access Bank acquires another bank in Zambia Access Bank Plc has announced the completion by it’s Zambian subsidiary of Cavmont Bank Limited (Cavmont ppl), following...
Jaiz Bank targets N6.15bn gross earnings in Q1 2021 To open new branches in South-West soon Nigeria’s pioneer non-interest lender, Jaiz Bank Plc, has forecast N6.15...
NDIC: 42 microfinance banks lose operating licences The Central Bank of Nigeria (CBN) has revoked the operating licences of 42 microfinance banks in the country....
Another banking consolidation imminent, McKinsey predicts Another round of banking consolidation is inevitable for lenders to thrive by growing capital base quicker than inflation rates and...
Fitch Ratings has revised the Outlook on Nigeria-based Coronation Merchant Bank Limited’s (CMB) Long-Term Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR...