Wema Bank’s Assets Hit N1trn

Posted by - April 27, 2021

Wema Bank Plc has announced its audited results for year ended December 31, 2020. The bank closed with total assets and contingents of over N1 trillion. According to the results, the bank recorded a year-on-year double-digit growth of 39.42 per cent in customer deposit of N804.87 billion in the year under review, compared with the

NBC empowers 300 women with trade assets

Posted by - April 5, 2019

The Nigerian Bottling Company Limited, has empowered 300 women by providing them with trade assets to start up their businesses. It a recent report, the initiative was in line with its 5by20 programme, which it said was its global commitment to enable the economic empowerment of five million women entrepreneurs across its value chain by

NBS: FGN bonds top N8.63 trillion pension funds’ assets

Posted by - March 20, 2019

Total pension funds’ assets under management increased to N8.63 trillion in the fourth quarter of 2018 (Q4 2018), compared to N8.32 trillion in Q2, according to the National Bureau of Statistics (NBS). FGN bonds accounted for 52.49 per cent or N4.53 trillion of the total pension assets, while treasury bills represented 19.37 per cent or

Commercial banks’ assets, liabilities hit N37.14tn

Posted by - February 13, 2019

The total assets and liabilities of commercial banks stood at N37.14tn at the end of November 2018, representing 0.4 per cent decrease below the level at end-September 2018. According to figures obtained from the Central Bank of Nigeria, the funds were sourced, largely, from foreign liabilities; draw down on reserves and acquisition of credit from

Pension Fund Assets Hit N8.63tn

Posted by - February 8, 2019

The acting Director General, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar, has said total pension fund assets have grown to N8.63 trillion as at December 2018. She disclosed this at the public hearing of the House of Representatives Ad-hoc Committee in Abuja. The committee is mandated to investigate activities of PenCom and alleged violation of