Money Market

UBA’s Loans to Agriculture, Power Sectors Hit N265 Billion

9/4/2018/Thisday By Chika Amanze-Nwachuku Whereas most commercial banks shy away from lending to the agriculture sector, Pan-African banking group, United Bank for Africa (UBA) Plc has granted as much as N85billion loans to the sector. Also, lending to the power sector is in excess of N180billion across the UBA Group, recent figures […]

Nigeria’s FCMB sees flat loan growth, eyes UK retail licence: CEO

6/4/2018/Reuters Nigerian mid-tier lender FCMB expects loan growth to be flat this year after it rose 5.4 percent last year as oil companies pay down debt, its chief executive said on Friday. Ladi Balogun said the group was seeking a retail banking licence for its British-based unit, which offers wholesale […]

Heritage Bank restates commitment to sustainable growth, profitability

April 9, 2018/Heritage Bank Ltd Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider, has restated its commitment to sustainable growth and profitability despite the prevailing adverse macro-economic environment. The bank said in statement issued over the weekend by Mr. Fela Ibidapo, Divisional Head, Corporate Communications of the bank that, […]