Category: Capital Market/Banking

CBN clears Stanbic IBTC
November 4, 2015 No Responses

CBN clears Stanbic IBTC

REQUEST by the Financial Reporting Council of Nigeria (FRCN) to  takes disciplinary action against Stanbic IBTC Holding Company Plc (SIBTCH) has been rejected by the Central Bank of Nigeria (CBN). According to CBN, FRCN did not  follow due process in...
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Fidelity Bank declares N11.4b profit in Q3
November 2, 2015 No Responses

Fidelity Bank declares N11.4b profit in Q3

For the third quarter ended September 30, 2015, Fidelity Bank Plc recorded Profit After Tax (PAT) of N11.4billion and  gross earning of N106 billion, indicating an increase of  1.8 per cent and 11.0 percent respectively. According to the bank, Gross...
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FBN Holdings unveils FBNQUEST
October 28, 2015 No Responses

FBN Holdings unveils FBNQUEST

INLINE with  to improve service delivery to clients and position the group at the forefront of the emerging merchant banking and asset management sector in Nigeria, the Investment Banking and Asset Management business of FBN Holdings Plc has announced the...
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FRC suspends Peterside, three IBTC directors
October 27, 2015 No Responses

FRC suspends Peterside, three IBTC directors

THE Financial Reporting Council, FRC has suspended Chairman of Stanbic IBTC Holdings, Mr. Atedo Peterside, and three directors of the company from signing any financial statement, over allegations of improper disclosures in the financial statements of the ban...
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FBN Holdings declares N390.0b gross earnings in Q3
October 27, 2015 No Responses

FBN Holdings declares N390.0b gross earnings in Q3

FOR the third quarter ended September 30, 2015, FBN Holdings Plc has declared N390.0 billion Gross Earnings, up by 16.9 per cent when compared to N333.6 billion recorded within same period in 2014. According to the unaudicted results, net interest...
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No extension for BVN registration, says CBN
October 23, 2015 No Responses

No extension for BVN registration, says CBN

THE Central Bank of Nigeria (CBN) has vowed not to extend the  October 31 deadline set for  all bank customers in the country to be registered under the Bank Verification Number (BVN). The CBN Deputy Director, Consumer Protection Department, Hajia...
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Access Bank declares N258b Gross Earnings in Q3
October 22, 2015 No Responses

Access Bank declares N258b Gross Earnings in Q3

THE Board and management of Access Bank Plc declared improved unaudited result  for the third quarter ended September 30, 2015. The unaudited third quarter 2015 financial results released to the Nigerian Stock Exchange (NSE) indicated that Access Bank recorde...
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FBN Capital to holds forum next week
October 21, 2015 No Responses

FBN Capital to holds forum next week

PLANS  has been concluded by FBN Capital Limited, the Investment Banking and AssetManagement subsidiary of FBN Holdings Plc, to host key stakeholders at the 5th edition of its annual investor conference. Scheduled to take place on 27th of October 2015...
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Fortis Microfinance Bank 123 % increase in profit
October 21, 2015 No Responses

Fortis Microfinance Bank 123 % increase in profit

Fortis Microfinance Bank (FMB) Plc has announced a growth of 123 per cent in profit after tax for the nine months ended September 30, 2015. According to the results made available by the Nigerian Stock Exchange (NSE), FMB posted net...
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Fidelity Bank targets new opportunities
October 20, 2015 No Responses

Fidelity Bank targets new opportunities

THE Group Managing Director of Fidelity Bank Plc, Nnadi Okonkwo has assured its customers and other stakeholders that the bank was well repositioned to leverage opportunities that would emerge from the new administration. Addressing Stockbrokers in Lagos, he e...
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Fidelity to list N30b on FMDQ platform
October 19, 2015 No Responses

Fidelity to list N30b on FMDQ platform

AS part of measures to boost Small and Meduim Enterprises (SMEs) financing and enhance domestic debt market, Fidelity Bank Plc has listed N30bn bond on FMDQ OTC. This follows the listing the Nigeria Mortgage Refinance Company Plc (NMRC) ₦8b series 1, 15-Ye...
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Shareholders laud UBA’s Q3 results
October 19, 2015 No Responses

Shareholders laud UBA’s Q3 results

CITING what they described as ‘favourable indices’, shareholders at the weekend commended the board, management and staff of UBA for the results attained in Q3. Speaking with CityBusiness News in Lagos, the shareholders emphasized the need for the bank to...
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BVN hits 20 million
September 14, 2015 No Responses

BVN hits 20 million

LESS than 47 days to the second deadline of October 31, 2015, the  Biometric Verification Number (BVN) project has recorded  20-million mark. Meanwhile, three of the four major telecommunications giant- Etisalat, Airtel and MTN Nigeria have indicated interes...
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First Bank unveils new products for schools
September 14, 2015 No Responses

First Bank unveils new products for schools

New products aimed at supporting school operators and entrepreneurs  has been unveiled by the management of First Bank of Nigeria Limited. According to the bank, the product are: FirstEdu Loan, Operational Vehicle Loan, Commercial Mortgage and Personal Loan a...
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