Business

Unity Bank Plc grew its assets base to N492.02billion representing a significant increase of 67.90% from the N293.05 billion of total assets value recorded in 2019. This is even as the agric-focused lender declared gross earnings of N42.71 billion within the period under review. A review of the Bank’s audited results for full year ended 31 December 2020, released to ...

The appointment of Mr. Gbenga Shobo as new Managing Director/CEO designate of First Bank Nigeria Limited on Wednesday by the Board of Directors of the Bank has been commended by industry stakeholders who said with the appointment, the Bank will no doubt raise the bar in delivery of financial services to its teeming customers. Recall that the Board of Directors ...

Shareholders of FCMB Group Plc(www.fcmbgroup.com) have restated their confidence in the financial institution to sustain its impressive performance and deliver more value. The shareholders gave the commendation at the 8th Annual General Meeting (AGM) of the Group held on April 21, 2021 at its corporate head office in Lagos. They also unanimously approved the payment of a dividend of N2.97 billion, ...

First City Monument Bank, a foremost financial services provider in Nigeria, has continue her aggressive drive and support for the Small and Medium Enterprises sector in the country. The bank, which was recently voted as the Best SME Bank in Africa, thereby consolidating its position as the dominant financial institution in the segment, has made more funds available to women ...

Our attention has been drawn to the tweet making the rounds on social media on shutting down the FirstBank website following a false tweet that the Bank prevented staff from joining the ongoing protests in the country. As the largest banking institution in Nigeria, it is not unlikely that we may be seen as a target in circumstances such as ...

Allegation of AKK contract inflation is baseless, false and malicious – NNPC The Nigerian National Petroleum Corporation (NNPC) has recorded an increased trading surplus of ₦20.36billion in July 2020 compared to the ₦2.12billion surplus in June 2020 in its operations. Dr. Kennie Obateru, Group General Manager, Group Public Affairs Division of the corporation, in a release in Abuja, explained that ...

  Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2020 to the Nigerian and London Stock Exchanges. The half year result reflects GTBank’s leading position as one of the best managed financial institutions in Africa. The Bank’s loan book grew by 8.1% from ₦1.502trillion recorded as at December 2019 to ₦1.624trillion ...

L-R: Lagos State Director of National Directorate of Employment (NDE), Serena Olayebi Edward; Aro of Lekki, Chief Adewale Salawu (Representative of Onilekki of Lekki); Group Executive Director, Strategy, Capital Projects & Portfolio Development, Dangote Industries Limited, Devakumar Edwin; Chief Operations Officer, Dangote Oil Refinery Company, Giuseppe Surace; and Director Human Asset Management & Project Support, Dangote Oil Refinery Company Limited ...

A map of Nigeria Oil revenue rises 8% to N1.5trn By Babajide Komolafe The fiscal spending of the Federal Government (FG) rose by six percent, year-on-year (YoY) to N1.46 trillion in the first quarter of the year (Q1’2020) from N1.13 trillion in the corresponding period of last year. The increase in deficit spending was in spite eight percent, YoY,  increase ...

For the past 10 years, Guaranty Trust Bank plc has been at the forefront of the advocacy for people living with autism. The Bank’s Orange Ribbon Initiative has also become a major rallying point for driving awareness about Autism, campaigning against the social stigma associated with developmental disorders and helping people with autism live a full and productive life. This ...