Banking Archives — Page 49 of 59

November 1, 2016 No Responses

Fidelity Bank declares N110.3B gross earnings in nine months

For the nine months ended September 30, 2016, Fidelity Bank Plc attained N110.3 Billion gross earnings, indicating three per cent increase when compared to its previous N107 billion. Also within the period, deposit increased by 3.4 per cent to N795.6...

October 31, 2016 No Responses

CBN to sanction fraudulent bank customers

Worried by reported cases of fraud, the Central Bank of Nigeria (CBN) is to put modalities in place to sanction fraudulent bank customers nationwide. Speaking at the October meeting of Nigeria Electronic Fraud Forum (NeFF) in Lagos, CBN Director,...

October 29, 2016 No Responses

Access Bank posts N72Billion profit in Q3

Access Bank Plc has announced an impressive profit of N72 billion for the nine months ended 30 September 2016 based on enhanced business efficiency as a result of the effective execution of its long-term strategy. The Bank’s Profit Before Tax...

October 29, 2016 No Responses

World Savings Day: FirstBank promotes financial literacy

FBNHoldings has announced plan to join the rest of the world in celebrating the 2016 World Savings Day on October 31 by engaging children and youths on the rudiments of savings in line with the Central Bank of Nigeria (CBN)...

October 27, 2016 No Responses

FBN Holdings posts N417.3B gross earnings in nine months

For the nine Months ended September 30, 2016, FBN Holdings Plc recorded N417.3 Billion gross earnings, up by 7.0 per cent when compared to N390.0 Billion attained within same period in 2015. Also within the period, net-interest income stood...

October 27, 2016 No Responses

Union Bank declares N13.3b pre-tax profit in Q3

Union Bank of Nigeria (UBN) Plc has declared N13.3 Billion profit before tax for the nine months ended September 30, 2016, indicating 27 per cent growth. According to the result, gross earnings rose by 12 per cent to N93.43...

October 26, 2016 No Responses

FirstBank wins Global Finance Digital Bank of Distinction award

First Bank of Nigeria Limited has won the Global Finance Digital Bank of Distinction award, 2016. This new award recognizes outstanding accomplishments in digital banking made by middle-market and local banks. It honours banks that may be outspent by...

October 25, 2016 No Responses

Zenith Bank records N380b gross earnings in Q3

Despite ongoing economic challenges, Zenith Bank Plc recorded N380 Billion gross earnings for Third Quarter ended September 30, 2016, up by 13 per cent when compared to same period in 2015. Also the group’s Profit After Tax (PAT) increased...

October 25, 2016 No Responses

FCMB explains late filling of Q3 accounts

The First City Monument Bank (FCMB) Group Plc is to release its nine months ended 30 September 2016 (3Q16) accounts before the end of November, this year. In a notice to the Nigerian Stock Exchange (NSE), the Bank said:...

October 25, 2016 No Responses

UBA Wins Finacle Client Innovation Awards

United Bank for Africa has continued to receive accolades and global recognition for its commitment to the use of cutting-edge technology to provide simple and convenient banking solutions and services to its customers. The pan African banking Group was ...

October 24, 2016 No Responses

Wema Bank declares N37.89b gross earnings in Q3

For the third quarter ended September 30, 2016, Wema Bank Plc has declared N37.8Billion gross earnings, indicating 16.36 per cent growth over N32.57Billion recorded same period in 2015. According to the Bank, the nine-month figure was driven by a...

October 22, 2016 No Responses

Collaboration with London Stock Exchange deliberate, strategic, says Onyema as Adeosun opens trading

The Chief Executive Officer of Nigerian Stock Exchange (NSE), Oscar Onyema has described collaboration with London Stock Exchange (LSE) as deliberate and strategic. Speaking at the third anniversary of London & Lagos Capital Markets partnership confer...

October 22, 2016 No Responses

FBN Capital to host Govt, Business leaders at annual conference

In line with its commitment to provide a platform that will facilitate interaction for identifying sustainable growth opportunities in Nigeria, FBN Capital Limited, the Investment Banking and Asset Management subsidiary of FBN Holdings Plc. will host its Ann...

October 21, 2016 No Responses

AfDB approves $40m loan for Afe Babalola University

The Board of Directors of the African Development Bank (AfDB) Group has approved an eight-year $40-million corporate loan to the Afe Babalola University (ABUAD) in Ado Ekiti (Nigeria), to finance part of the university’s expansion plan. According to the.....