Tag Archives: SEC

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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A cross section of shareholders at Conoil Annual General Meeting held in Uyo, Akwa Ibom State on Friday…Pix    

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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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Dangote cement declares N442bn nine months revenue Despite the hash economic realities, Dangote Cement Plc has declared an increased revenue of N442.09 billion in the last nine months, the Company’s financial report released on Thursday at the Nigerian Stock Exchange indicated. The revenue in the nine month ended September 30, 2016 was 20.97 per cent higher than the figure recorded …

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Q3: Conoil Sustains Profitability With 54% Increase Conoil Plc sustained its impressive performance so far this year with yet an encouraging 54 per cent increase in its Profit Before Tax for the nine-month period ended September 30. The performance of the major fuel marketer showed that it continued to brave the stifling operating environment in the downstream sector of the …

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