Category: Capital Market/Banking

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 congratulatory message Signed by...
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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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SEC Nigeria, FSD Africa To Develop ICT Transformation Strategy
April 28, 2021 No Responses

SEC Nigeria, FSD Africa To Develop ICT Transformation Strategy

The Securities and Exchange Commission (SEC) with the support of FSD Africa is to develop an Information Communication and Technology (ICT) transformation strategy to improve market regulatory efficiency.  A document published on the commission’s websit...
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CSCS Bags Market Choice Award
April 28, 2021 No Responses

CSCS Bags Market Choice Award

The  Central Securities Clearing System (CSCS)  has bagged the prestigious Market Choice award for outstanding counterparty trust assurance.   Mr Haruna Jalo-Waziri, the Chief Executive Officer of CSCS, in a statement explained th...
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TAJBank Declares N845m Profit In 2020
April 26, 2021 No Responses

TAJBank Declares N845m Profit In 2020

For the year ended December 2020, TAJBank has declared N845million Profit After Tax (PAT) and total assets of N50 billion.   In a statement on Sunday, TAJBank explained that result attained within its first year of operation “ highest earning per.....
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Zenith Bank MD Implores MSMEs On Compliance To Principles Of Credits
April 23, 2021 No Responses

Zenith Bank MD Implores MSMEs On Compliance To Principles Of Credits

Zenith Bank Plc, has advised Micro, Small and Medium Enterprises (MSMEs) to be conversant with the five principles of credits as part of measures to boost chances of accessing funding facilities.  The Group Managing Director of the bank, Mr Ebenezer...
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