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The lower interest expenses reflected the 36.7% YoY and 18.7% YoY declines in interest costs on term deposits and debt securities respectively.
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The Federal Government of Nigeria recently announced a $3.5 billion agreement with the African Export-Import Bank (Afreximbank). This deal aims to enhance the textile...
The lower interest expenses reflected the 36.7% YoY and 18.7% YoY declines in interest costs on term deposits and debt securities respectively.
The CBN claimed that the tenure of Mr. Adedutan was yet to expire and that they were also not aware of any misconduct of...
CBN instructed FBN to diversify the equity investments in all non-permissible entities within 90 days.
According to the findings, only 30 percent of MFBs would be able to meet the April 2021 deadline.
Shobo formerly served as executive director overseeing the retail banking/public sector businesses in the Lagos & West directorate.
The bank increased its customer deposits by N56 billion, predominantly low-cost deposits in spite of difficult economic and industry conditions.
On the cost side, Operating Expenses grew by 10.1 percent to N249.8 billion, as against N217.2 billion in 2019
Access Bank Plc expects African subsidiaries and its U.K. unit to account for about 25-30% of profit before tax in the next three to...
The total investor interest and commitments in the bond issuance were N56.6 billion.
The Court held that guidelines issued by the CBN, authorizing deduction of Current Account maintenance charges was lawful and within the statutory powers of...