Records show that Nigerian banks have borrowed N12 trillion from the Central Bank of Nigeria (CBN) in the past eight months. The CBN data showed that money borrowed from the apex bank from January to ...
Jaiz Bank, a non-interest banking institution, has released that its profit after tax increased by 96% in the first nine months of 2023, also known as Q3. BusinessesDay analyzed this data.The company ...
American multinational bank, Wells Fargo, has disclosed plans to invest in Black-owned banks known as Minority Depository Institutions. This is a part of its pledge last year to invest about $50 milli...
On Tuesday, the Senate confirmed the appointment of Olayemi Cardoso, who is to take on the role of CBN Governor. Also, the Senate confirmed the appointments of Muhammed Abdullahi-Dattijo, Emem Usoro, ...
UBS on Tuesday reported better-than-expected third-quarter earnings results, its best third quarter in a decade with a 99 percent jump in net profit.The Swiss bank saw a net income of $2.1 billion, be...
Nigeria-based fintech startup Appzone has raised $10 million in Series A round. The startup has gotten more attention in recent times are more companies jump on the train to redefining banking solutio...
KEY POINTS* Spirit Airlines CEO said customers can continue to book tickets on the airline.* Spirit has struggled since its failed acquisition by JetBlue Airways, a Pratt & Whitney engine reca...
The Chief executive officer of J.P. Morgan and Chase Co(JPM)., Jamie Dimon has just got a salary increase. His salary was raised by 1.6% to $31.5 million following his effort in ...
Jaiz Bank Plc, Nigeria's first non-interest bank, reported an unaudited profit after tax (PAT) of N3.9 billion for the six months which ended June 30, 2023. In a statement given to the press yest...
Zenith Bank Plc earnings rose to a market valuation of over N1 trillion making it the first financial institution in Nigeria to surpass the billion bracket. According to statistics, from the Nige...