Unity Bank Earmarks Over N30m To Empower NYSC Members       Nigerian lender, Unity Bank Plc has committed over N30 million to empower National Youth Service Corps (NYSC) members through the Bank’s flagship Youth entrepreneurship development initiative known as Unity Bank Corpreneurship Challenge. The sum includes N4 million...

CBN denies report to nationalize Unity Bank The Central Bank of Nigeria (CBN) has denied media reports of plans to nationalise Unity Bank Plc. The Acting Director, Corporate Communications Department, CBN, Osita Nwanisobi, in his reaction described it as, “fake news” and should be discarded in...

In Three Months, 12 Nigerian Banks Lend Customers N690bn       The combined loan portfolio of 12 commercial banks in Nigeria rose by N690bn in the first three months of this year, data collated from their unaudited financial statements show. The loans and advances to their customers grew...

12 Banks Earned N461.51bn Interest In Three Months       Twelve commercial banks in Nigeria earned a total of N461.51bn in net interest income in the first three months of this year, up from N451.14bn in the same period of 2020. An analysis of data from their unaudited...

Stock Market Extends Gain With N199bn       Trading activities on the equity market, on Tuesday, closed on a positive note as the Nigerian Stock Exchange All-Share Index appreciated by 1.09 per cent. The market breadth closed positive with 29 gainers against 14 losers. The All-Share Index gained 381.78...

In Nine Months, 12 Banks Earn N133.92bn From E-payments         Increased investment in technology and the introduction of new online payment channels have earned Nigerian banks N133.92bn. The adoption of electronic channels for financial transactions earned 12 Deposit Money Banks about N133.92bn revenue in the first nine...