Tag Archives: CBN

Fidelity Bank nine months gross earnings hits declares N110.3bn  Fidelity Bank Plc has announced N110.3 billion in its nine months ended September 30, 2016, indicating three per cent increase when compared to its previous N107 billion. Similarly, deposit increased by 3.4 per cent to N795.6 billion from N769.6 billion in 2015 Financial Year. According to the Managing Director/Chief Executive Officer, …

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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, Banking and Payment, Dipo Fatokun explained that the weekend when unveiled, would give the regulator …

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From left, Group Executive, Consumer Banking, PatrickAkinwuntan, Group Chief Executive Officer, Ade Ayeyemi, both of Ecobank Transnational Incorporated (ETI); Division President, Sub Saharan African, Mr. Daniel Monehin and Area Business Head, West Africa, Omokehinde Adebajo both of. MasterCard at a Memorandum of Understanding (MoU) signing ceremony between Ecobank and MasterCard held at Ecobank Head Office, Victoria Island in Lagos.recently Ecobank …

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Investors Laud Conoil’s N2bn Dividend Payout in Recession Shareholders of Conoil Plc have applauded the company’s strong financial performance despite the difficult operating environment in the country. Speaking at the company’s annual general meeting held at the weekend in Uyo, Akwa Ibom State, the shareholders expressed their delight that the foremost fuel marketing company was able to declare such a …

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Q3: Access Bank Grows Profit to N72bn  Based on enhanced business efficiency and coupled with effective execution of its long-term strategy, Access Bank Plc has announced an impressive profit of N72 billion for the nine months ended 30 September 2016. The Bank’s Profit Before Tax (PBT) showed an increase of 19 per cent from N60.4 billion recorded during the same …

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Stockbrokers Task FG on Economic Recovery  Friday Ekeoba Piqued by the continued downturn in the domestic economy, the Chartered Institute of Stockbrokers (CIS) has urged the Federal Government to ensure speedy implementation of measures aimed at reviving and further development of the nation’s economy. The President of CIS, Mr Oluwaseyi Abe, made the call on Thursday day at the 20th …

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Unaudited Result: Union Bank Post N91.4bn gross earnings for 9months … as deposit base rises to N618.30bn Friday Ekeoba Despite the hash economic realities, Union Bank of Nigeria Plc, Wednesday, posted N91.4 gross earnings profit in its nine months unaudited result ended 30 September, 2016. Similarly, the bank grew its profit before tax to N13.2 billion, this indicating a 27 …

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Friday Ekeoba  In what market watchers have described as a major step in turning around waste management into a veritable avenue for growing the domestic economy, the Nigerian Stock Exchange (NSE), Tuesday admitted The Initiates Plc N753, 950 million units of shares on the trading floor of the market. The Initiates Plc is a Nigerian company which delivers international standard …

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First Bnak wins digital bank award As part of operational repositioning, First Bank of Nigeria Limited has won the Global Finance Digital Bank of Distinction award, 2016. The Bank in a statement, said, “This new award recognizes outstanding accomplishments in digital banking made by middle-market and local banks. It honours banks that may be outspent by their global competitors but …

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