#CBN

Unity Bank Posts N59.3B in Gross Earnings, Grows Deposits by 23% in 2023 FY

Unity Bank Posts N59.3B in Gross Earnings, Grows Deposits by 23% in 2023 FY

Unity Bank Posts N59.3B in Gross Earnings, Grows Deposits by 23% in 2023 FY Retail lender, Unity Bank Plc posted gross earnings of N59.3 billion for the full year ended December 31, 2023, representing a growth of 3.84% year-on-year. In its audited financials submitted to the NGX Group Limited, the Bank also witnessed improvements across key performance indicators, including a significant appreciation of customer deposits by 23% to N402.9 billion from N327.4 billion within the period under review – an indication of sustained retail growth and customer confidence. Other key highlights of the full-year results include the total assets which…
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CBN gives Update On Old, New 200, 500, 1000 Naira

CBN gives Update On Old, New 200, 500, 1000 Naira

CBN gives Update On Old, New 200, 500, 1000 Naira The Central Bank of Nigeria (CBN) confirmed on Tuesday that plans are in place to gradually phase out the old N200, N500, and N1,000 naira notes. Acting Governor of the apex bank, Folashodun Shonubi, provided these details after a monetary policy committee meeting at the CBN headquarters in Abuja. It would be recalled that, in October 2022, former CBN Governor Godwin Emefiele announced plans to redesign these currency bills and had asked Nigerians to deposit their old notes before they became invalid on January 31, 2023. Former President Muhammadu Buhari…
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