Unity Bank Posts Assets Growth of 67.90% To N492.02 Billion, as Gross Earnings Hit N42.71 Billion in FY 2020

Unity Bank

Unity Bank Posts Assets Growth of 67.90% To N492.02 Billion, as Gross Earnings Hit N42.71 Billion in FY 2020         Unity Bank Plc grew its assets base to N492.02billion representing a significant increase of 67.90% from the N293.05 billion of total assets value recorded in 2019. This is even as the agric-focused lender declared gross earnings of N42.71 billion within the period under review. A review of the Bank’s audited results for full year ended 31 December 2020, released to the Nigerian Stock Exchange, showed that the…

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Mouka Flags off ‘Mums in Business Challenge’, Calls For Entry

Mums in Business Challenge

Mouka Flags off ‘Mums in Business Challenge’, Calls For Entry           To celebrate this year’s Mother’s Day in May, Mouka has rolled out the ‘Mums in Business Challenge’ to reward female entrepreneurs with cash grants for their ventures. The initiative is in line with the brand’s mission of adding comfort to life and falls under its CSR pillar of “skills for life”. In May of 2019, Mouka ran a similar online competition, organised in partnership with AGS Tribe, a firm that provides entrepreneurs opportunities across Africa. Maryam…

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FirstBank Launches New Corporate Website, Reiterates Its Commitment To Service Delivery Excellence

FirstBank

FirstBank Launches New Corporate Website, Reiterates Its Commitment To Service Delivery Excellence         FirstBank has launched a new corporate website for effective service delivery to its numerous customers. FirstBank, Nigeria and indeed West Africa’s premier financial inclusion services provider has announced the launch of its newly designed website at https://www.firstbanknigeria.com/. The new website is upgraded with features that are streamlined to reinforce its role in delivering seamless banking and technology solutions to its customers across the world. The website is configured with modern design and improved functionality that…

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Starting 2021 Strong, UBA Records 27% PAT Growth, 20.5% ROAE

UBA

Starting 2021 Strong, UBA Records 27% PAT Growth, 20.5% ROAE           Pan African financial institution, United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2021, showing impressive double-digit growth across most of its major income lines. The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver an impressive 24% year-on-year growth in Profit Before Tax in the first three months of the 2021 financial year, to N40.6 billion…

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NOVA Merchant Bank’s Growth Trajectory Continues as it Declares N3.52bn Profit

NOVA Merchant Bank

NOVA Merchant Bank’s Growth Trajectory Continues as it Declares N3.52bn Profit         NOVA Merchant Bank Limited has released its audited results for the financial year ended December 31st 2020, recording impressive growth across its major financial lines. The Bank declared a profit after tax of N3.49bn in 2020 compared to N1.65bn in 2019 which represents a 112% increase. All the key financial parameters recorded major improvement over the prior year performance; Gross Earnings showed a quantum leap of 130% growth over 2019 and Profit Before Tax at N3.52bn…

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Wema Bank, MOD Announce Education Advisory Service for International Students

Wema Bank, MOD Announce Education Advisory Service for International Students         Leading innovative financial institution, Wema Bank has launched an advisory and loan scheme, the Education Advisory Service, in partnership with MOD Education for young Nigerians wishing to study abroad. Following foreign exchange control measures introduced by the government, parents and guardians have experienced difficulties paying tuition fees for their children and wards studying abroad. Some who have the money don’t know the requirements for foreign admission and waste lots of time and resources in fruitless searches.…

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UBA Business Series to Equip SMEs With Performance Management Strategies for Organisational Growth

UBA

UBA Business Series to Equip SMEs With Performance Management Strategies for Organisational Growth         As part of its commitment to support the growth and sustainability of Micro, Small, and Medium-scale Enterprises (MSME) in the continent, Pan African Financial Institution, United Bank for Africa (UBA) Plc, is set to organize the next edition of its UBA Business Series. The UBA Business Series which is a monthly event is an MSME Workshop as well as a capacity-building initiative of the bank where business leaders and professionals share well-researched insights…

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Unity Bank Continues to Operate on Improved Key Performance Indicators

Unity Bank

Unity Bank Continues to Operate on Improved Key Performance Indicators           Our attention has been drawn to some online reports on the purported action of the board of Unity Bank on the performance of the Bank. The Bank has a cohesive board that is working harmoniously with the Executive Management team led by Mrs. Tomi Somefun (MD/CEO) to drive the growth of the Bank. The management of the Bank, with the support of its Board has made inroads into key sectors of the economy through initiatives…

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Figures Don’t Lie: Wema Bank Standing on Strong Financial Fundamentals – Adebise

Wema Bank

Figures Don’t Lie: Wema Bank Standing on Strong Financial Fundamentals – Adebise           Wema Bank, Nigeria’s leading innovative and digital-driven financial institution has reassurance its esteemed customers and shareholders that it remains standing on strong financial fundamentals and reliable performance metrics, riding on the back of seasoned and astute leadership. The bank gave this reassurance, through its Managing Director/Chief Executive Officer, Ademola Adebise, while reacting to a recent publication in the media purportedly alleging a dip in its liquidity status following the unaudited report for 2020 with the MD/CEO saying the report…

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Heritage Bank Announce Winners in ‘YNSPYRE’, Cream Platform Promo

Heritage Bank Announce Winners in ‘YNSPYRE’, Cream Platform Promo           Winners have emerged at the Heritage Bank Plc, ‘YNSPYRE’ Cream Platform Promo held in Abuja. CREAM Platform, Nigeria’s premiere creative reward platform officially kicked off its partnership with Heritage Bank’s YNSPYRE Initiative with the commencement of the CREAM Monthly draws on Friday – March 26th 2021, rewarding subscribers who dialed the *745*463# code, with lots of cash and other prizes. The CREAM YNSPYRE Draw proper started off on a great note with random picking of numbers…

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