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UBA Bags INL Award For Bank Of The Year

UBA Bags INL Award For Bank Of The Year

Leading financial institution, United Bank for Africa (UBA) Plc. has added to its numerous awards as it emerges winner of the Bank of the Year at the Independent Newspaper Awards. The award ceremony was held…

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First Bank Reacts To CBN’s Sacking Of Otudeko, Other Board Of Directors

First Bank Reacts To CBN’s Sacking Of Otudeko, Other Board Of Directors

The management of FBN Holdings PLC, the parent company of First Bank, says the holding company and the bank will cooperate with the new directive from the Central Bank of Nigeria. The company made this…

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First Bank Saga Sees Share Price Drop 4.73%

First Bank Saga Sees Share Price Drop 4.73%

…Biggest Daily Fall Since January Less than 24 hours after First Bank of Nigeria announced the replacement of Adesola Adeduntan, about eight months to the expiration of his second tenure, the share price of FBN…

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CBN Queries First Bank as CEO Is ‘Purportedly Ousted’

CBN Queries First Bank as CEO Is ‘Purportedly Ousted’

•Says Bank Under Forbearance, Liquidity Support Can’t Remove Helmsman Without Approval •Shareholders Weigh Options, Otudeko, Odukake And Adenuga In Battle For Conntrol The Central Bank of Nigeria (CBN) yesterday queried the board of First Bank…

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First Bank Appoints Gbenga Shobo As MD/CEO Designate, Abdullahi Ibrahim As DMD

First Bank Appoints Gbenga Shobo As MD/CEO Designate, Abdullahi Ibrahim As DMD

The Board of First Bank of Nigeria at its meeting on Wednesday, approved the appointment of Mr Gbenga Shobo, currently Deputy Managing Director, as Managing Director designate of the bank. The lender has also appointed…

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Access Bank Buys BancABC Of Botswana With Cash

Access Bank Buys BancABC Of Botswana With Cash

Nigeria’s Access Bank has agreed to buy a majority stake in BancABC, the African Banking Corporation of Botswana for cash. The new acquisition comes a month after the Nigerian bank acquired a South African bank.…

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UBA Organises Capacity Building Forum For MSME

UBA Organises Capacity Building Forum For MSME

As part of its commitment to support the growth and sustainability of micro, small and medium-scale enterprises (MSME) in the continent, the United Bank for Africa (UBA) Plc, is set to organise the next edition…

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Access Bank Takes Top Spot As Nigeria’s Biggest Bank By Asset

Access Bank Takes Top Spot As Nigeria’s Biggest Bank By Asset

An appreciation of N1.537 trillion or 21.6 per cent within one year has ramped up the asset value of Access Bank Plc to N8.680 trillion, making it Nigeria’s biggest lender in that rating category. Jim…

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Access Bank Buys South Africa’s Grobank For $60m

Access Bank Buys South Africa’s Grobank For $60m

Nigeria’s biggest lender Access Bank has bought a controlling stake in South Africa’s Grobank for around $60 million. The bank’s CEO Herbert Wigwe said Access will shore up Grobank’s capital. With the acquisition, Access Bank…

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Access Bank Set For Proposed Acquisition Of South African Grobank Ltd

Access Bank Set For Proposed Acquisition Of South African Grobank Ltd

Following its earlier announcement on September 29, 2020, Access Bank Plc has  announced that it has received the approvals of the South African and Nigerian regulatory authorities to its proposed acquisition of the South African-based…

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