Stanbic’s after-tax profit for the first half of 2023 has surged by an impressive 121%.
Stanbic IBTC Holdings Plc, a financial institution, has issued its financial report for the first half of 2023.
The report highlights an impressive 121.46% increase...
Banks and 18 additional entities penalized with a fine of N125 million due to delayed submissions.
A total of eight banks and 18 other publicly listed companies have been penalized with fines amounting to N125 million for their failure to...
Insufficient funds: Banks’ reliance on CBN borrowing reaches a staggering N12 trillion.
There is evidence that both commercial banks and merchant banks are increasingly relying on the Central Bank of Nigeria for liquidity, with their borrowing...
“Banks, public sector banks (PSBs), and fintech companies should work together to promote financial inclusion in Nigeria, according to Eli Hini.”
Eli Hini, the CEO of MoMo and PSB Nigeria, emphasized that Nigeria holds a unique advantage over other African nations in terms of achieving...
