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Posts published in “Banking”

Zenith Bank ahead with N491.2b gross earnings in Q3

ZENITH Bank Plc has announced its unaudited results for the third quarter ended 30 September, 2019, with numbers that clearly demonstrates its market dominance and leadership.

From the unaudited account which was presented to the Nigerian Stock Exchange (NSE), gross earnings increased by four per cent  from N474,607 billion recorded in third party 2018 to N491,268 billion in third quarter of 2019. Profit Before Tax (PBT) grew by five per cent from N167,307 billion in third quarter 2018 to a record N176,183 billion in third quarter of 2019. Also, profit after tax rose by five per cent from N144,179 billion in third quarter 2018 to N150,723 billion in third quarter 2019.

FCMB wins Excellence Award in Customer Experience

FIRST City Monument Bank (FCMB) Limited’s performance in service delivery and customer satisfaction in the Nigerian banking industry, has been recognised.

The bank has been given the, ‘‘Excellence in Customer Experience Enhancement’’award, at the Finnovex West Africa Awards, held on October 22, 2019 in Lagos.

FirstBank celebrates Firstmonie agents

IN recognition of the contribution of its Firstmonie Agents towards the Bank’s resolve at promoting access to financial services to all Nigerians, First Bank of Nigeria Limited has announced that its Agent Banking National award ceremony would hold on Friday, 25 October 2019 at the Oriental Hotel, Lagos. The event is themed “Planting Community Heroes Nationwide”.

Nigeria Banks’ contract workers rise to 46,235

The number of full-time workers in the Nigeria banking industry has been on the decline as contract employees have doubled in the past two years, rising from 20,237 to 46,235, investigation has revealed.

Figures obtained by our correspondent on Wednesday showed that the number of contract workers in the industry rose from 20,237 in the first quarter of 2017 to 32,013 at the end of Q1 2018.

ATCON seeks NCC’s autonomy on USSD pricing

Telecommunications operators have called on the Federal Government to allow the Nigerian Communications Commission (NCC) independence to enforce the legal determination of the USSD pricing that was approved to be effective from September 1.

The operators, under the aegis of the Association of Telecommunications Companies of Nigeria (ATCON), said the banks should only be allowed to apply a cost recovery charge to the consumers using the USSD platform or any other telecom related platform used to gain access to the consumers’ mobile device or the Subscribers Identification Modules (SIM).

Digital banking and why ‘Business as usual’ is not an option

The financial services industry, like many others, is under pressure. There are the threats of disruption and disintermediation, a complex regulatory environment, fraud and cybercrime and the burden of legacy systems.

But innovations, investments and compliance have emerged key to navigating the global issues militating against the free flow of financial services and inclusiveness.

Stanbic IBTC Gets Awards

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has won three awards at the All-Africa Employee Engagement Awards held in Sandton, Johannesburg, South Africa.

The awards reward individuals and businesses for contributions to the development of employee engagement and the future of work on the African continent.

Leaked Memo Shows Nigeria Banks Asked Telcos To Charge For USSD Service

Nigerian banks proposed to telecom companies to charge customers directly for USSD services, a memo seen by TheCable has revealed.
This seems to contradict the public denial by bank CEOs on Monday.

Nigeria Banks Says : We Didn’t Ask MTN To Charge For USSD Service

Commercial banks in Nigeria on Monday denied instructing MTN to deduct charges for USSD service.

In an advertorial, the lenders, acting under the aegis of Body of Bank CEOs said its attention had been drawn to a text message sent by the telco concerning the issue.

Stanbic IBTC Plc gets Awards

Johannesburg: Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has won three awards at the All-Africa Employee Engagement Awards held in Sandton, Johannesburg, South Africa.

The awards reward individuals and businesses for contributions to the development of employee engagement and the future of work on the African continent.