August 6, 2020/CAMCAN The Group Managing Director of FBN Holdings Plc, Mr. UK Eke, has said that the injection of N25 billion capital into, the group commercial banking arm,   FirstBank, is in line with  the Group’s  mandate of delivering greater value to shareholders and strengthening the  resolve to consolidate its leadership […]

Culled—Proshare August 6, 2020 by FBNQuest Research                                                                                   Private-sector credit extension grew by 17.9% y/y in June (see chart), and therefore ahead of nominal GDP growth. Since the private-sector credit/GDP ratio remains below 20%, compared for example with over 75% in South Africa, the monetary authorities will be looking for […]

August 6, 2020/Ecobank Nigeria Ecobank has stated that cash withdrawals can be made at all its ATMs, without a card. The Ecobank cardless withdrawal concept, Xpress Cash, enables users to withdraw cash from ATMs using only a mobile phone, no ATM card is required.   The solution is seamless, secure […]