FirstBank targets financial literacy on World Savings Day tomorrow
First Bank of Nigeria has again deepened the financial inclusion drive of the CBN in terms of number of people that have banking relationship with financial institutions. FBNHoldings, Nigeria’s most diversified financial services group, through its subsidiaries, First Bank of…
Sterling Bank hits N79.6b gross earnings in Q3
Sterling Bank Plc has posted gross earnings of N79.66 billion for the third quarter ended September 30, 2016. According to a statement by the bank in Lagos on Saturday, the figure was lower than N81.81 billion achieved in the corresponding…
Access Bank hits 19% rise to N72 billion profit in Q3
Access Bank Plc has declared a profit before tax of N72 billion for the nine months ended September 30, 2016. The bank’s Head, Media Relations, Abdul Imoyo, said the figure indicated an increase of 19 per cent when compared with…
Sterling Bank hits N79.6bn gross earnings
Sterling Bank Plc has posted gross earnings of N79.66bn for the third quarter ended September 30, 2016. The bank, in a statement Saturday, said the figure was lower than N81.81bn achieved in the corresponding period of 2015. It stated that…
Diamond Bank sees growth in Q3 2016
Leading money deposit bank, Diamond Bank has revealed its Q3 result, saying it recorded moderate growth in key financial parameters in the third quarter of 2016. Releasing its Q3 2016 performance scorecard on the floor of the Nigerian Stock Exchange…
Usman renews move to review lease, concession deals at ports
The Managing Director of the Nigeria Ports Authority (NPA), Ms. Hadiza Usman Friday, hinted her readiness to review all the concessions and lease agreements between the federal government and port operators as soon as possible to boost output. Addressing newsmen…
$10bn infrastructure scheme’ll tame insurgency in N/Delta
The recent inauguration of the Niger Delta Development Initiatives valued at $10bn has been described as one of the best sustainable strategies to stop insurgency and restiveness in the oil producing areas of Niger Delta. The federal government had Thursday…
Business Hilights summary of activities at NSE for week ending 28/10/16
A turnover of 678.710 million shares worth N6.875 billion in 11,808 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 674.721 million shares valued at N7.657 billion that exchanged hands…
GTBank deposit base hits N2.1tn, records more expense in nine-month
Guaranty Trust Bank (GTBank) in its nine-month unaudited result posted a record a 28.7 per cent increase in total deposits from N1.6 trillion in 2015 to N2.1 trillion in the same period of 2016. But notwithstanding the increased deposit base,…
Senate bumps on Customs Zone A-Lagos, seeks account of 3 years revenue, seizures
The Senate Committee on Customs and Excise has demanded a detailed revenue profile made by the Apapa Area command of the Nigeria Customs Service in the last three years. They also ordered the premier command of customs to ensure that…
