PM News Nigeria

UBA secures $150m loan from AfDB

Nigeria’s United Bank for Africa (UBA) has secured a $150 million loan deal with the African Development Bank (AfDB) to support infrastructure projects in Africa’s top economy, the bank said on Thursday. UBA said the credit line would also be used to support small and medium scale enterprises and businesses owned by women. Nigeria is […]

Access Bank trains 600 womenpreneur

In sustenance of its objective to empowering Women in Business, Access Bank Plc through its W Academy recently organised the Womenpreneur Business Workshop – a capacity building workshop for female business owners. The objective of the ‘Womenpreneur Business Workshop’ is to provide a practical capacity building program that will equip female business owners to thrive […]

Cellulant emerge best at Africa Fintech 100 awards

By Daniels Ekugo Cellulant emerged as one of the big winners at the African Fintech awards where innovative FinTech companies are recognized for the integral role they play. The award ceremony is part of the Finance Indaba Africa, a conference and expo for finance professionals across the continent, endorsed by companies like IBM, SAP, KPMG […]

Access Bank grows Q3 profit to N72bn

Access Bank Plc has announced an impressive profit of N72 billion for the nine months ended 30 September 2016 based on enhanced business efficiency as a result of the effective execution of its long-term strategy. The Bank’s Profit Before Tax (PBT) showed an increase of 19% from N60.4 billion recorded during the same period in […]

Ex-banker jailed 12 years over N8bn currency scam

A former banker with Wema Bank Nigeria Plc, Ademola Oni was on Thursday October 6, 2016 convicted and sentenced to twelve years imprisonment for conspiracy and money laundering by Justice Joyce Abudmalik of the Federal High Court, Ibadan, Oyo State. The court also ruled that he forfeits all his properties and cash in various banks […]

Reps to investigate ATM charges by banks

The House of Representatives on Thursday resolved to investigate the N65 being charged customers by commercial banks for Automated Transaction Machine (ATM). The house directed its Committee on Banking and Currency to investigate the charge and other related rates paid by banks’ customers. The resolution followed a motion under Matters of Urgent Public Importance moved […]

CBN governor thanks Buhari, security agents for wife’s release

Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has expressed gratitude to President Muhammadu Buhari and the security agencies for ensuring the release of his wife, Margaret, less than 24 hours after she was abducted by heavily armed men along Benin-Agbor road. Margaret Emefiele was abducted on Thursday night alongside seven others on Benin-Agbor road […]

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