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The Central Bank of Nigeria (CBN) has tasked banks operating in the country to develop new business models and tinker with existing ones so as to enable them manage the disruptions caused by the Covid-19 crisis. Deputy Governor, Financial System Stability, CBN, Mrs. Aishah Ahmad said banks and other financial institutions can only survive disruptive…
May 11, 2020
Access Bank Plc on Monday backtracked on its earlier muted plan to sack 75 per cent of its workforce and as well close over 300 branches nationwide due to the Covid-19 crisis. The New Diplomat reports that the Managing Director of Access Bank, Mr. Herbert Wigwe was heard discussing the planned mass rentrenchment of staff…
May 4, 2020
By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) The Central Bank of Nigeria (CBN) has blocked Access Bank and other banks across the country from sacking their workers. The apex bank which issued a statement on Sunday evening disclosed that the decision to arrest growing plans or moves by banks to lay-off…
May 4, 2020
The effects of tumbling Oil prices, traumatic Covid-19, coupled with allegations of insider trading might be having telling impact on some Banks. Access Bank says its doors are no longer accessible to 75% of its workforce as it plans a mass sack of 75% Staff, reports Hamilton Nwosa, The New Diplomat’s Head of Business and…
May 2, 2020
With Gross Earnings of N166.8Bn By Hamilton Nwosa(Head, The New Diplomat's Business and data tracking desk) Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31 2020, with gross earnings rising by 6% from N158.1 billion in March 2019 to N166.8 billion. From the unaudited statement of account which was presented…
April 30, 2020
Leading African financial institution, United Bank for Africa Plc (UBA) held its Annual General Meeting virtually by proxy on Wednesday, April 29, 2020 – a first in UBA’s seventy-one-year history.The meeting, which had in attendance shareholders, management and staff members, together with representatives of relevant regulatory bodies, was held using an online meetings platform, in…
April 30, 2020
By Hamilton Nwosa(Head, The New Diplomat’s business and data tracking desk) Inspired by its encouraging performance in terms of growth, effectiveness and organizational efficiency, the United Bank for Africa Group(UBA) Plc, a frontline Pan African financial institution, has unveiled a profit-before-tax of N32.7 billion in the first three months of 2020. Group Managing Director/CEO of…
April 29, 2020
By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) Following President Muhammadu’s Buhari’s dramatic move to re-open the Nigerian economy that has been in a lockdown scenario for the past 28 days, with his decison to unlock Lagos, Ogun and the Federal Capital (FCT), in a phased manner, the Central Bank of Nigeria(CBN)…
April 27, 2020
First Bank: We Mourn As We Shut Down Kano Office By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) A Regional Manager with First Bank of Nigeria in Kano, Abdullahi Lawal has died of suspected complications arising from COVID -19 infection. Family members revealed that the late banker who suddenly took ill on…
April 25, 2020
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The Central Bank of Nigeria (CBN) has tasked banks operating in the country to develop new business models and tinker with existing ones so as to enable them manage the disruptions caused by the Covid-19 crisis. Deputy Governor, Financial System Stability, CBN, Mrs. Aishah Ahmad said banks and other financial institutions can only survive disruptive…
May 11, 2020
Access Bank Plc on Monday backtracked on its earlier muted plan to sack 75 per cent of its workforce and as well close over 300 branches nationwide due to the Covid-19 crisis. The New Diplomat reports that the Managing Director of Access Bank, Mr. Herbert Wigwe was heard discussing the planned mass rentrenchment of staff…
May 4, 2020
By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) The Central Bank of Nigeria (CBN) has blocked Access Bank and other banks across the country from sacking their workers. The apex bank which issued a statement on Sunday evening disclosed that the decision to arrest growing plans or moves by banks to lay-off…
May 4, 2020
The effects of tumbling Oil prices, traumatic Covid-19, coupled with allegations of insider trading might be having telling impact on some Banks. Access Bank says its doors are no longer accessible to 75% of its workforce as it plans a mass sack of 75% Staff, reports Hamilton Nwosa, The New Diplomat’s Head of Business and…
May 2, 2020
With Gross Earnings of N166.8Bn By Hamilton Nwosa(Head, The New Diplomat's Business and data tracking desk) Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31 2020, with gross earnings rising by 6% from N158.1 billion in March 2019 to N166.8 billion. From the unaudited statement of account which was presented…
April 30, 2020
Leading African financial institution, United Bank for Africa Plc (UBA) held its Annual General Meeting virtually by proxy on Wednesday, April 29, 2020 – a first in UBA’s seventy-one-year history.The meeting, which had in attendance shareholders, management and staff members, together with representatives of relevant regulatory bodies, was held using an online meetings platform, in…
April 30, 2020
By Hamilton Nwosa(Head, The New Diplomat’s business and data tracking desk) Inspired by its encouraging performance in terms of growth, effectiveness and organizational efficiency, the United Bank for Africa Group(UBA) Plc, a frontline Pan African financial institution, has unveiled a profit-before-tax of N32.7 billion in the first three months of 2020. Group Managing Director/CEO of…
April 29, 2020
By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) Following President Muhammadu’s Buhari’s dramatic move to re-open the Nigerian economy that has been in a lockdown scenario for the past 28 days, with his decison to unlock Lagos, Ogun and the Federal Capital (FCT), in a phased manner, the Central Bank of Nigeria(CBN)…
April 27, 2020
First Bank: We Mourn As We Shut Down Kano Office By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) A Regional Manager with First Bank of Nigeria in Kano, Abdullahi Lawal has died of suspected complications arising from COVID -19 infection. Family members revealed that the late banker who suddenly took ill on…
April 25, 2020
