Category Archives: BUSINESS
Wema Bank Emerges Most Profitable in PAT Growth in Q1 2022
The Nigerian banking sector recorded impressive growth in the first quarter of the year, recording a 23.24% year-on-year increase in real GDP. This is also evidenced by the performance of the twelve commercial banks listed on the Nigerian Exchange (NGX).
Unity Bank Yanga Product Positioned to Empower Underbanked Women Entrepreneurs – Olufunwa Akinmade
Divisional Head, Retail, SME Banking and E-Business, Unity Bank Plc, Mr. Olufunwa Akinmade has explained that the “raison d’etre for launching the Bank’s latest retail product called Yanga is to create a unique product proposition aimed at empowering the underbanked
WEMA Bank Reiterates Commitment To Customer Data Confidentiality
Our attention has been drawn to recent reports of members of the public receiving text messages with account numbers. We implore members of the public that, as a financial institution, Wema Bank takes issues around data integrity and breaches seriously,
Heritage Bank Leveraging Technology To Promote Financial Inclusion For Inclusive Growth
In today’s world, making financial services accessible is fast becoming a key area of concern to policymakers for the well-known reason that it has far reaching economic implications. To this end, financial inclusion has assumed a greater level of importance
Mystery Red Boxes Hit Lagos Streets… Who’s Painting the City Red?
Red Box here; another Red Box there. It’s not yet Christmas, but there are Red Boxes everywhere, what’s going on, gaan, gaan? These are the questions on everyone’s lips, as Lagosians woke up this morning to discover some mysterious, though
Key Takeaways From Ecobank Transnational’s Q1 2022 Financial Statement
ETI’s revenue for the period increased by 7% to $436.1 million, while profit after tax rose by 21% to $92.1 million. ETI is the parent company of Ecobank Group which is present in more than 30 African countries. Pan-African bank,
Wema Bank Debunks Claim On Money Laundering And Bribery
The attention of the Bank has been drawn to recent reports in the media on money laundering and bribery allegations on certain customer’s transaction. The publication went ahead to mention the names of certain Wema Bank management staff to be
Union Bank Emerges Winner at the Middle East & Africa Innovation Awards
Leading financial institution, Union Bank of Nigeria has received the highly acclaimed award for the Best Trade Finance Platform Initiative, at the recently concluded Middle East & Africa Banking Innovation Awards 2022. The Middle East & Africa Banking Innovation Awards,
Re: Video of Alleged Customer Performing with A Band Outside Fidelity Bank
Our attention has been drawn to a video circulating online about a man singing at one of our branches. Contrary to media reports claiming that the man was wrongfully debited by the bank, the video is actually a picketing exercise
EFCC Presents More Evidence Against Petro Union, Kukoyi, Others In £2.556bn Fraud Case
The ongoing trial of four suspected fraudsters, Abayomi Kukoyi, Prince Kingsley Okpala, Prince Chidi Okpalaeze and Prince Emmanuel Okpalaeze alongside a company, Petro Union Oil & Gas Company Limited, for an alleged €2.556bn Fraud, continued on Wednesday, March 16, 2022
