By Rukayat Adeyemi Guaranty Trust Holding Company Plc (GTCO) has reported a Profit Before Tax of N609.3 billion for the financial year ended Dec.31, 2023. This represents an increase of 184.5 per cent over N214.2billion recorded in the corresponding year. The group announced this in its audited financial statementsContinue Reading
By Grace Alegba The Chartered Institute of Bankers of Nigeria (CIBN) has announced a historic net operating surplus of N1.37 billion for 2023, marking a significant growth from the N837.94 million recorded in 2022. Its President, Dr Ken Opara, revealed this achievement during the institute’s Annual General MeetingContinue Reading
By Okeoghene Akubuike Amid challenging operating environment, the African Export-Import Bank (Afreximbank) says it delivered exceptional financial results in 2023 well ahead of expectations. This is contained in a statement signed by Vincent Musumba, Manager, Communications and Events, Afreximbank, on Friday. Msumba said that largely propelled by the bank’sContinue Reading
By Lucy Ogalue The African Development Bank’s Chief Economist, Kevin Urama, says debt for growth for countries on the continent should not carry any negative connotation. Urama, who is also the Vice-President, Governance and Knowledge Management at AfDB, said this at a pre-media conference held virtually to herald the 2024Continue Reading
By Lucy Ogalue The African Development Bank (AfDB) has signed a 75 million dollar loan agreement with Nigeria’s Indorama Eleme Fertiliser and Chemicals Limited. The bank announced this in a statement issued on its website late Thursday. According to the statement, the loan will enable Indorama to increase its fertiliserContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to N200 billion. The apex bank also increased capital requirement for banks with regional licences from N15 billion to N50 billion and those withContinue Reading
By Grace Alegba The Chartered Institute of Bankers of Nigeria (CIBN) on Saturday said it has begun process toward building a banking school to further enhance professionalism and financial ethics in the banking and financial sectors. The institute said the project was in addition to its ongoing capacityContinue Reading
By Grace Alegba Mr Bolaji Lawal, Managing Director/Regional Executive of Ecobank Nigeria, has highlighted the pivotal role of the creative sector in Nigeria’s economic revival. Lawal said this at the introduction of the +234art fair organised by Ecobank, AFC & Soto Gallery at the bank’s headquarters to newsmen on ThursdayContinue Reading
By Rukayat Adeyemi Ecobank Group, a pan-African financial services organisation, has appointed key executives to strengthen its leadership and effectively drive its Growth, Transformation and Returns (GTR) strategy. Ms Christiane Bossom, Group Communications Manager of Ecobank Transnational Incorporated (ETI), made this known in a notification sent to the NigerianContinue Reading
By Grace Alegba The First Bank of Nigeria Ltd. has assured its customers of opportunities to experience world-class innovative banking services through the bank’s Digital Xperience centres. First Bank Managing Director, Adeshola Adeduntan, announced this at the inauguration of the bank’s Digital Xperience centre in Banana Island, Ikoyi, Lagos,Continue Reading
