Tier-1 Capital ranks Zenith Bank Nigeria’s number one

July 2, 2020 David Agba 0

Zenith Bank Plc has again emerged as the Number One Bank in Nigeria by Tier-1 Capital in the 2020 Top 1000 World Banks Ranking published by The Banker Magazine. Climbing a whopping 29 spots from 415 in 2019 to 386 in the 2020 global ranking of banks, Zenith Bank retained its position as the number one Tier-1 bank in Nigeria Read More

Jaiz Bank reports N636.7m profit in Q1

June 30, 2020 David Agba 0

Jaiz Bank Plc, the premier non-interest (Islamic) bank in Nigeria has reported profit before tax growth of 33.63 per cent in the first quarter of 2020 (N636.7 million), when compared to what was realized in the corresponding period of 2019 (N476.5 million). In the key excerpts from its report and accounts for the period ended March 31, 2020, the bank’s Read More

Banks loans to customers jump by N1.5trn amid COVID-19

June 9, 2020 Segun Odunewu 0

In spite of the impact of the COVID-19 on economies, loans disbursed by the banking sector leaped 8.6 per cent to N18.9 trillion in the first quarter of 2020 from N17.4 trillion in the corresponding period of 2019. Analysts attributed the growth to the increased in Loan to Deposit Ratio (LDR) by the Central Bank of Nigeria (CBN) to 65per Read More