Category: Capital Market/Banking

CBN Decries Low Participation Of South-East In Economic Programmes
May 5, 2021 No Responses

CBN Decries Low Participation Of South-East In Economic Programmes

The Central Bank of Nigeria (CBN) has decried the low participation of the South-East in its economic intervention policies and programmes. The acting Director, Corporate Communications Department of the bank, Mr Osita Nwanisobi, explained on Tuesday during CBN Fair in...
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UBA Wins ‘Bank of the Year’ Award
May 5, 2021 No Responses

UBA Wins ‘Bank of the Year’ Award

Pan-African financial institution, United Bank for Africa (UBA) Plc added to its growing list of laurels at the Independent Newspaper Awards, winning the Bank of the Year.   The bank was announced winner of the coveted awards at a glamorous event...
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Winners Emerge In Heritage Bank’s YNSPYRE, CREAM Platform April Draw
May 4, 2021 No Responses

Winners Emerge In Heritage Bank’s YNSPYRE, CREAM Platform April Draw

Heritage Bank has  fulfilled its promises to support the Nigerian Creative Industry, as millionaires emerged from the YNSPYRE product in collaboration with the CREAM Platform. The YNSPYRE account holders who subscribed to the platform by dialing *745...
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NGX Records N419b Growth In April
May 3, 2021 No Responses

NGX Records N419b Growth In April

The market capitalisation of the Nigerian Stock (NGX) recorded a growth of N419 billion in April due to impressive first quarter results declared by some companies.  Specifically, the market capitalisation which closed trading in March at N20.428 trillion...
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UBA, Fidelity Bank, Stanbic IBTC Bank, Others Congratulate Presco On ICAN Merit Award
May 3, 2021 No Responses

UBA, Fidelity Bank, Stanbic IBTC Bank, Others Congratulate Presco On ICAN Merit Award

By Moses Ebosele, ebosele@hotmail.com — United Bank for Africa (UBA) Plc has congratulated Presco Plc for emerging recipient of the 2021 Institute of Chartered Accountant of Nigeria (ICAN) Merit Award in the Corporate Body Category. In a congratulat...
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Q1: Dangote Cement To Pay N40.39b Tax
May 2, 2021 No Responses

Q1: Dangote Cement To Pay N40.39b Tax

By citybusinessnews@yahoo.com  — Dangote Cement Plc is expected to pay a total of N40.39 billion in taxation to the nation’s treasury from its operational result in the first quarter (Q1) of 2021.  According to the financial result published by ...
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Fidelity Bank Lists Growth Agenda As Shareholders Okay N6.4b For 2020 Dividend
May 1, 2021 No Responses

Fidelity Bank Lists Growth Agenda As Shareholders Okay N6.4b For 2020 Dividend

The Managing Director, Fidelity Bank Plc, Mrs Nneka Onyeali-Ikpe, on Friday  said the bank’s emergence as a Tier 1 financial institution by 2025 is her top priority.   Onyeali-Ikpe who disclosed this on the sidelines of the bank’s 33rd ...
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Union Bank Confirms Beatrice Bassey As Board Chair
May 1, 2021 No Responses

Union Bank Confirms Beatrice Bassey As Board Chair

The Central Bank of Nigeria (CBN) has confirmed the appointment of Mrs Beatrice Bassey, as the substantive Chair of Union Bank of Nigeria (UBN) Plc.   In a statement on Friday Union Bank explained that  Bassey joined the bank’s board in 2...
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Adeduntan Resumes As FirstBank CEO
May 1, 2021 No Responses

Adeduntan Resumes As FirstBank CEO

First Bank of Nigeria (FBN) on Friday confirmed that Dr Adesola Adeduntan had resumed as the Chief Executive Officer in line with the directives of the Central Bank of Nigeria (CBN).  A statement by the management of the bank said...
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Shake Up In First Bank As CBN Names New Directors
April 30, 2021 No Responses

Shake Up In First Bank As CBN Names New Directors

The Central Bank of Nigeria (CBN) on Thursday announced the immediate removal of  all directors of First Bank of Nigeria Ltd. and FBN Holdings Plc over purported management changes at the bank.   The CBN Governor, Mr Godwin Emeifele said th...
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Access Bank Explains Q1 30% Increase In Profit Before Tax
April 30, 2021 No Responses

Access Bank Explains Q1 30% Increase In Profit Before Tax

Access Bank Plc has posted a profit before tax (PBT) of N60.1billion  representing an increase of 30 per cent for the first quarter ended March 31.  The Chief Executive Officer of the group, Mr Herbert Wigwe, disclosed in an unaudited financial....
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FirstBank Appoints Gbenga Shobo As New MD
April 29, 2021 No Responses

FirstBank Appoints Gbenga Shobo As New MD

First Bank of Nigeria Ltd. has announced the appointment of Mr Gbenga Shobo, currently the deputy Managing Director (DMD), as the Managing Director/Chief Executive Officer designate of the bank.The bank’s Chairman, Mrs Ibukun Awosika, explained in a statemen...
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Fidelity Bank Declares N10.1B Profit Before Tax In Q1
April 29, 2021 No Responses

Fidelity Bank Declares N10.1B Profit Before Tax In Q1

For the first quarter ended March 31, 2021, Fidelity Bank Plc has recorded improvement in its financial performance.  Details of the unaudited results, released at the Nigerian Stock Exchange (NSE) show that Profit before Tax (PBT) grew by 53.9% from...
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FBN Holdings Shareholders Okay N16.15b For 2020 Dividend
April 28, 2021 No Responses

FBN Holdings Shareholders Okay N16.15b For 2020 Dividend

Shareholders of FBN Holdings Plc, on Tuesday, endorsed a total dividend of N16.15 billion declared for the financial year ended December 31, 2020.  The shareholders approved the dividend at the company’s ninth Annual General Mee...
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