Banking

Wema Bank and Bulb Africa unveils innovation challenge

Wema Bank Plc has unveiled a kids’ innovation challenge aimed at encouraging children to ideate and develop solutions in learning, health, games, and agriculture. The competition would reward the top three finalists who present the most creative and innovative ideas with scholarships of N300, 000, N200,000 and N100,000. Announcing the commencement of this year’s Wema Kids’ innovation…
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Banking

First Bank of Nigeria Limited Assets Hits N8.5 trillion

FBN Holdings Plc may have returned to a sustainable growth path as its 2021 financial points to a more-than-expected resilient near-term outlook with the commercial banking operations leading growth across key parameters. The report, released last week, shows that First Bank…
BankingTechnology

Nigeria Electronic payment transactions rise by 44% in four months - NIBSS

Value of transactions on the electronic bills payment platform rose by 44 percent year on year to hit N114.8 trillion in the first four months of 2022 from N79.5 trillion in the corresponding period, data from the Nigeria Inter-Bank Settlement System (NIBSS), shows. The increase in the e-payment transactions value for the four months was a reflection of the surge in the volume of deals within…
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Banking

FCMB unveils Actor Lateef Adedimeji As Brand Ambassador

Nigerian actor Lateef Adedimeji has been officially unveiled as an FCMB brand ambassador. This was made known to the public by the actor via his official Instagram page and FCMB official Social media page. FCMB WROTE: Yesterday, we unveiled Lateef Adedimeji as our brand ambassador for our ongoing FCMB Millionaire Promo. This strategic move is to help us further amplify our message to enrich more…
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Banking

11 Banks post N262 billion net profit in Q1

Zenith Bank Plc and 10 others have posted a cumulative net profit of N261.991 billion for the first quarter (Q1) ended March 31, 2022. The other banks are Guaranty Trust Holding Company (GTCO), Access Holdings, Ecobank Transnational Incorporated Plc (ETI), United Bank for Africa (UBA), Fidelity Bank, Jaiz Bank, Union Bank of Nigeria (UBN), Sterling Bank, Unity Bank, and Wema Bank. According to the…
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