By Rukayat Adeyemi The share price of FBN Holdings Plc, parent company of the First Bank of Nigeria Ltd., which opened on the floor of the Nigerian Exchange Ltd.(NGX) on Friday at N18.50, gained N1.85 to close at N20.35, following investors’ renewed interest. Specifically, FBN Holdings led 17 other gainersContinue Reading
By Rukayat Adeyemi/Grace Alegba Shareholders of FBN Holdings Plc on Tuesday commended the proactiveness of the group’s Board of Directors in appointing an acting Managing Director for First Bank Nigeria Ltd., following the resignation of the former Chief Executive Officer. They gave the commendations in an interview withContinue Reading
By Grace Alegba The Chartered Institute of Bankers of Nigeria (CIBN) has expressed support for the planned recapitalisation exercise for banks in the country. Ken Opara, President/Chairman of Council, CIBN, said this during the 2024 annual lecture of the institute on Tuesday in Lagos. Opara said adequate liquidity within theContinue Reading
By Grace Alegba Wema Bank has launched the fifth edition of its tech competition, ‘Hackaholics’, to foster innovation and empower youths as well as startups in addressing societal challenges. The bank made this known at a news conference to announce Hackaholics 5.0, on Thursday in Lagos, withContinue Reading
By Grace Alegba 3T Impex Trade Academy, a trade consulting firm, on Saturday, identified critical skill gaps within Nigeria’s banking sector that were hindering the country’s export trade volume and economic progress. These skill gaps were identified in the academy’s 2024 survey, titled, “Nigerian Trade Finance Skill Gap AssessmentContinue Reading
By Okeoghene Akubuike African Export-Import Bank (Afreximbank) and the Prime Minister of the Commonwealth of The Bahamas on Thursday signed the Afreximbank Annual Meetings (AAM) Host Country Agreement. The News Agency of Nigeria(NAN) reports that the signing ceremony was held during a media briefing on Thursday in the Bahamas.Continue Reading
By Rukayat Adeyemi Zenith Bank Plc says its total assets grew to N20.368 trillion for the year ended Dec. 31, 2023. Mr Michael Otu, the Company Secretary of Zenith Bank, said this in the bank’s audited results for the year ended Dec. 31, 2023 sent to the Nigerian Exchange Ltd.Continue Reading
By Rukayat Adeyemi Guaranty Trust Holding Company Plc (GTCO) has reported a Profit Before Tax of N609.3 billion for the financial year ended Dec.31, 2023. This represents an increase of 184.5 per cent over N214.2billion recorded in the corresponding year. The group announced this in its audited financial statementsContinue Reading
By Grace Alegba The Chartered Institute of Bankers of Nigeria (CIBN) has announced a historic net operating surplus of N1.37 billion for 2023, marking a significant growth from the N837.94 million recorded in 2022. Its President, Dr Ken Opara, revealed this achievement during the institute’s Annual General MeetingContinue Reading
By Okeoghene Akubuike Amid challenging operating environment, the African Export-Import Bank (Afreximbank) says it delivered exceptional financial results in 2023 well ahead of expectations. This is contained in a statement signed by Vincent Musumba, Manager, Communications and Events, Afreximbank, on Friday. Msumba said that largely propelled by the bank’sContinue Reading
