FBN Holdings Plc gained significant speed in growing the size of the balance sheet in 2020. Total assets grew by 17.8 percent over the first nine months of the year to September – the highest increase in seven years. Lending…
Author: top10admin
Kenny Uzoka – GMD/CEO, United Bank for Africa
United Bank for Africa recorded a strong growth in the balance sheet at an increase of 26 percent to over N7 trillion in total assets at the end of the third quarter in September 2020. This is the strongest growth…
Herbert Wigwe – Group Managing Director/CEO, Access Bank Plc
Access Bank Plc experienced a year of consolidation in 2020 after a major increase of 44 percent in the size of the balance sheet in 2019. At the end of nine months of trading last year, the bank reported total…
Ebenezer Onyeagwu – CEO, Zenith Bank Plc
The 2020 financial year was one of an outstanding growth in assets for Zenith Bank Plc but how to convert the assets into earnings for a decent return to shareholders tested the ingenuity of management. The bank closed the nine…
Demola Segunle – Managing Director/CEO, Stanbic IBTC Holdings Plc
Stanbic IBTC Holdings Plc followed an aggressive path in asset expansion in 2020 and how to grow earnings to match that level of balance sheet expansion posed a major challenge to management in the year. The bank closed the third…
Segun Agbaje – MD/CEO, Guaranty Trust Bank Plc
Guaranty Trust Bank Plc ranks high in the banking industry in terms of ability to convert assets into revenue. The bank’s asset turnover has been stable in recent years, as growth in assets stayed ahead of revenue. At the end…
Nigeria’s Top 10 Banks by Returns on Investment 2020
…How they rank in building wealth for shareholder in the year. Banking operations in 2020 were immersed in some operating and regulatory issues that normally affect how much a bank can return on assets or investments under its command. Significant…
FIRSTBANK CEO LISTS TECHNOLOGY, CAPACITY AS KEY FOR POST-COVID-19 GROWTH
…Thumbs up mobile banking (FirstMobile) andUSSD (*894#) platforms By Bolaji Israel Dr Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said technology, innovation and enhanced capabilities have become necessary to achieve significant business growth in the post-COVID-19. Adeduntan…
FIRS clears air on stamp duties collection
The Federal Inland Revenue Service (FIRS) has said it was still in-charge of stamp duty collection in the country.The agency on Tuesday expressed dismay at some earlier newspaper publications that the Nigeria Postal Service (NIPOST) has been licensed for collection of stamp…
FIRSTBANK PROMOTES CROSS BORDER PAYMENTS IN SUB SAHARA AFRICA WITH FIRST GLOBAL TRANSFER
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the launch of First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa. The Bank’s subsidiaries in Africa include…
