Tag Archives: NDIC

$30bn: Borrowing more than 2016 budget is dangerous—Economist Leading Economist and analyst, Dr. Austin Nweze has expressed fears on why the federal government is scattering the nets of borrowing abroad considering the fact that the particular budget it intends to facilitate is lower than the target loans put together. In an interview Thursday, he queried the target sources of repayment …

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Q3: Diamond Bank Sustain low earnings performance …As Profit dips by N12bn Diamond Bank Plc, one of the tier two bank has sustained its low earnings performance as shown in its unaudited third quarter financial for the period ended September 30, 2016. Key highlight of the accounts shows that profit for the period went down by 78 percent from N15,967 …

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NSE Organises Capacity Building for Market Participants The Nigerian Stock Exchange in partnership with the Exchange Traded Funds (ETFs) Issuers Vetiva Fund Managers Limited, Lotus Capital Limited and Stanbic IBTC Asset Management have concluded arrangement to organise its annual NSE Exchange Traded Funds Workshop on Monday. According to a statement from the NSE, the workshop is targeted at investor community, …

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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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