Banking and Finance

…Makes Case for Gender Equity In an effort to contribute meaningfully to the growth and success of women in business, Access Bank has revealed it dispensed N40.5 billion worth of loans to women SMEs in 2022. The Group Head of ‘W’ Initiative’s at Access Bank, Mrs Abiodun Olubitan disclosed this …

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has expressed concern over the discomfort Nigerians are experiencing on Niara scarcity and also assured that measures are been taken to address the issue. He also apologised to Nigerians for the difficulties experienced while trying to effect various e-payment transactions. Emefiele at …

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has announced that amidst the global shock trailing the recent collapse of Silicon Valley Bank (SBV) in the United States of America (USA) and Credit Suisse in Switzerland, Nigerian banks are not exposed to the cris. The CBN …

Unity Bank Plc has appointed Hafiz Mohammed Bashir as the acting chairman of its Board of Directors. Iyabo, one of the daughters of former President, Olusegun Obasanjo, was also appointed as a non-executive director. The Central Bank of Nigeria new policy has led to the retirement of the Chairman of …

Stanbic IBTC Holdings Plc in 2022 audited financial statements for period ended December 31, 2022 has reported an increase of 10 per cent from N2.74trillion to N3.03trillion in total assets. According to the report, the increase was driven by growth in gross loans & advances and customer deposits. Despite challenges …

The currency in circulation in the country dipped by a 235.03 per cent to N982.09bn at the end of February from N3.29tn at the end of October 2022, on the back of the naira redesign policy of the Central Bank of Nigeria. Figures obtained from the CBN revealed that N2.3tn …

With an eye set on the future, Access Bank has continued to champion sustainable practices locally and internationally as it takes actionable steps for over two decades towards sustainability in a rapidly changing business world. Although the increasing recognition by businesses of the long-term importance of embracing sustainable business practices …

A tier-I financial institution in Nigeria, Access Bank Plc, has informed its customers that they would no longer have access to $4,000 per quarter for personal travel allowance (PTA) and business travel allowance (BTA), as this has been reduced to $4,000 per year. In a notice sent out last week, …

A former Central Bank of Nigeria’s Deputy Governor, Kingsley Moghalu, has expressed dissatisfaction over the series of crises created by the naira redesign policy of the apex bank. Moghalu noted that the terrible suffering and economic loss Nigerians experienced as a result of the faulty implementation of the CBN’s naira …

A call has gone to organizations operating across all sectors in the country to create opportunities for women empowerment to fulfill their full potential for the good of society. The call was made by CEO of Digital Jewels, Adedoyin Odunfa while speaking as a Guest Speaker at the Webinar organized …