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Access Bank posts Gross Earnings of ₦764.7bn in FY 2020

Despite a challenging economic and regulatory landscape, Access Bank PLC has announced gross earnings of ₦764.7bn for the financial year ended December 31, 2020. The Bank’s audited gross earnings shows a 15% improvement from the ₦666.75bn posted for the comparative period of...

GCR issues highest Ratings AAA+(NG) and A1+(NG) to Dangote Cement

Global Credit Ratings has upgraded the long-term Issuer rating of Dangote Cement to AAA (NG), and affirmed the short-term issuer rating of A1+(NG), with an outlook accorded as Stable. In addition, GCR has upgraded the long-term Issue rating of AAA (NG) accorded to Dango...

Acces Bank guarantees 1 business day reversal window

Driven by its commitment to deliver best-in-class service to all its customers, Africa’s largest retail bank, Access Bank PLC, has upgraded its service platforms to allow for the resolution of failed transactions within one business day. The Bank has guaranteed that all failed...

Fidelity Bank Reaffirms Support For CBN’s New FX Policy Push, Targets Improved Diaspora Remittance Inflows

  Fidelity Bank Plc, a leading Nigerian bank has restated its readiness to continually support the Central Bank of Nigeria’s (CBN) efforts to engender sustainable economic development by significantly improving diaspora remittances and foreign exchange (FX) inflows into the...

Alleged $4.5m debt: Bank, oil firm’s MDs to face contempt proceedings

A security services company, Eraskorp Nigeria Limited has initiated a contempt proceeding against the Managing director of First City Monument Bank, (FCMB), Mrs. Yemisi Edun, and the MD Heritage Energy Operational Services Limited, (HEOSL) Mr. Naeem Sadiq before the Federal High...

Fidelity Bank Plc successfully issued the largest ticket Tier II Local Bonds in Nigeria.

  Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at a 8.5 percent coupon rate due in 2031. The bond issuance which was fully subscribed given that total investor interest and commitments in the bonds were N56.6...

Fidelity Restates Support To Small Business As Enugu First Lady, ABCON Commend Bank

Fidelity Bank Plc, the top Nigerian lender has reaffirmed its commitment to enhancing the productivity and prosperity of Micro Small and Medium Enterprises (MSMEs) in the country by providing capacity building and advisory services, innovative funding options and other forms of...

Fidelity Bank Hosts National Capacity Building Webinar For SMEs 

    …Maiden Enugu Edition To Empower Entrepreneurs     Fidelity Bank Plc, a top Nigerian lender is set to organise a National Capacity Building Webinar For Small Medium Enterprises (SMEs) in the country. The program is part of deliberate efforts to assist...

UBA shines at CRAN award, wins most security conscious bank of the year

  It was a gathering of stakeholders in the security/defence sector of Nigeria, including the police, army, Immigration service, customs, Department of State Service (DSS), Civil Defence Corps and private security agencies, as well as journalists, bank executives and people...