By Kayode Tokede Five leading banks in Nigeria have reported a marginal increase of eight per cent in Profit Before Tax (PBT) for half year (H1) ended June 30, 2021. The five banks reported a total of N413.43billion profit before…
By Kayode Tokede CGF Bourse (Dakar), IC Securities (Accra) and Vetiva Capital (Lagos), have co-created the VCI West African Equity Index, which is intended to serve as an investable benchmark for the performance of equity investments across West Africa. Head…
By Kayode Tokede Fidelity Bank Plc has announced a profit before tax of N20.6billion in its audited result and accounts for half year (H1) ended June 30, 2021 from N12billion in reported in half year ended June 30, 2020. The…
By Kayode Tokede The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) to always observe due diligence and desist from all forms of malpractices in foreign exchange (FX) transactions. The apex bank gave the warning in a…
By Kayode Tokede with news agency The Deputy Governor, Operations Directorate, Central Bank of Nigeria (CBN), Mr. Folashodun Shonubi has urged banks to strengthen their operational capacity to effectively harness the opportunities of the E-naira. Shonubi gave the advice virtually…
…Posts impressive N76.2bn profit in Half Year, 2021 Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has announced its audited half year financial results for the half year ended June 30, 2021, showing impressive growth across all major…
The Central Bank of Nigeria (CBN) has maintained that there would be a convergence of the current multiple exchange rates despite the depreciation seen in the black market. The CBN Director of Monetary Policy, Hassan Mahmud, said this during a…
Access Bank’s digital lending revenue has increased from N1 billion in the first half of 2019 to N5 billion in the first half of 2021, indicative of a growing appetite and increased adoption of digital lending. The transaction value grew…
By Kayode Tokede The Central Bank of Nigeria (CBN) has directed commercial banks and Payment Service Providers (PSPs) in the country to improve on all bulk payments and transfers systems to ensure transparency. CBN’s Director, Payment System Management Department, Mr…
The Manufacturers Association of Nigeria (MAN) has charged the federal and state governments to find a mutually acceptable way forward on the collection of tax to address anxiety and confusion in the business community. Mr Segun Ajayi-Kadir, Director-General, MAN, gave…
