FG’s Higher Interest Borrowings Raise Banks’ Foreign Debt Obligations

By Nse Anthony-Uko (Sundiata Finance) — Commercial Banks interest expenses on foreign borrowing and debt issued soared on the back of increased federal government borrowing through Treasury Bills and Bond to finance the 2017 budget. Analysts attributed the growth in interest expenses on banks borrowing from foreign banks and debt issued to unchanged 14 per cent Monetary Policy Rate of ...

Read More »

Fidelity Bank Splash Cash, Gifts On Loyal Customers

(Sundiata Finance) — Fidelity Bank Plc has presented cash and consolation prizes to winners in the November edition of itsongoing “Get Alert in Millions Promo Reloaded.” At the first monthly prize presentation ceremony held in Lagos on Thursday, Felix Ezeokeafor of Gbagada Branch and Franca Chukwuma of AIT Mini Branch were credited with N1 million respectively as winners for Lagos ...

Read More »

Diamond Bank Appoints A New Non-Executive Director

By Nse Anthony-Uko (Sundiata Finance) – Diamond Bank Plc, Nigeria’s fastest growing retail bank, has appointed Mr Christopher Ubosi as a Non-Executive Director. Mr Christopher Ubosi holds a B.Sc. in Quantity Surveying from the University of Ife and an M.Sc. from the University of Lagos, Nigeria. Mr Ubosi has over 20 years’ experience in the Built Environment, Telecommunications and Broadcasting ...

Read More »

Banks Begin Restriction Of Fraudsters Accounts

By Nse Anthony-Uko ABUJA, (Sundiata Finance) – Commercial banks in the country have begun sensitizing their customers as the new policy which will bar fraudsters from accessing banking services in the country for up to 10 years. The Central Bank of Nigeria (CBN) had last month issued a circular to that effect which was to take immediate effect. To this ...

Read More »

Diamond Bank Divests From West African Operations To Focus on Nigeria

By Nse Anthony-Uko (Sundiata Finance) — Diamond Bank Plc – Nigeria’s fastest growing retail bank – is divesting from its West African banking operations in order to focus on Nigeria’s significant retail banking opportunity. The bank said on Friday that it has agreed to sell its operations in Benin, Togo, Cote d’Ivoire and Senegal to Manzi Finances S.A., a Cote ...

Read More »

Jaiz Bank Grows Post-tax Profit By 629% In Q3

By Nse Anthony-Uko (Sundiata Finance) – Jaiz Bank Plc, on Monday declared profit after tax (PAT) of N776.6 million for the third quarter ended September 30, 2017, representing an increase of 629 per cent when compared with N107.1 million recorded in the corresponding period of 2016. The Bank’s result released on the Nigerian Stock Exchange (NSE) recorded N4.5 billion income ...

Read More »

Make Your Cardless Withdrawals With Ecobank Mobile Xpress Cash

By Nse Anthony-Uko (Sundiata Finance) – The Ecobank Group has upgraded its Mobile App that will offer Xpress Cash service. The Xpress Cash service allows customers access cash from Ecobank Automated Teller Machine (ATMs) using e-Tokens generated from their Mobile App. The Xpress Cash e-Token gives the customer total control over theirs funds to make convenient withdrawal by self or ...

Read More »

Nigerian Banks Raise $1.7bn Eurobonds In 12 Months

(Sundiata Finance) – Nigerian banks have in the last 12 months raised US$1.7 billion in Eurobonds from the international capital markets, as they seek to boost their capital in the face of a more difficult operating environment in the country. The rush for Eurobonds is boosting the capital position of the banks as well as their dollar liquidity, following the ...

Read More »

Zenith Bank, Others Win Big At BusinessDay Banking Awards

(Sundiata Finance) – Deposit, merchant, investment and microfinance banks that made excellence and dedication to quality service delivery the core of their operations in 2016 emerged as winners at the BusinessDay Annual Banking Awards 2017. Zenith Bank, in continuation of its excellence tradition, won the Bank of the Year and the most customer friendly award categories at the awards which ...

Read More »

GTBank, Access, Zenith Bank Contribute N15.5bn To CBN’s Agric, SME Schemes

By Nse Anthony-Uko (Sundiata Finance) – Guaranty Trust Bank Plc (GTBank), Access Bank Plc and Zenith Bank Plc have contributed N15.5 billion to agricultural businesses as well as Small and Medium Enterprises (SMEs) initiatives introduced by the Central Bank of Nigeria (CBN) this year. Commercial banks operating in Nigeria were to contribute five per cent of their Profit after Tax ...

Read More »
Sundiata Post Media Ltd.

Address: 3rd Floor Office Suite, Bayelsa State Guest House, Plot 1038, Shehu Shagari Way, Maitama, Abuja, Nigeria.
Tel: +234(0)92900705, +234(0)8173460599
Whatsapp: +234(0)8053069436
BBM PIN: 5619150D

Enugu Regional Office: SW 1 New Haven Shopping Mall, Enugu, Enugu State, Nigeria.
Tel: +234(0)7062582838

London Office: 18 Belgrave Avenue, Wd18 7UE, Watford, United Kingdom.
Tel: +447417554143

Washington Office: 1245 Delafield PI NE, Washington DC 20017, USA.
Tel: 0092404216156
About Us

SundiataPost is published by Sundiata Post Media Limited, Sundiata Post is Nigeria’s most authoritative online newspaper and ranks among the top five online news platforms in Nigeria.

Guild of Corporate online publishers
A Glance at Our Advert Rate.

Inside Pages

Size In Pixels - Amount

120×180 - N27,967.50

300×100 - N24,695

Text Link - N11,275

More Details info

About Us | Contact Us | Privacy Policy | Terms of Use | Advert Rate