Sterling Bank reports N8.5bn profit in 2017
Sterling Bank Plc on Tuesday reported a profit after tax of N8.5 billion for the financial year ended Dec. 31, 2017. The profit after tax was higher by 65 per cent when compared to N5.2 billion declared for the corresponding period of 2016.
Coronation Merchant Bank declares N5.1 billion profit before tax
The Coronation Merchant Bank Group on Friday announced that it recorded a 66 per cent growth in its gross earnings in 2017 and recorded a profit before tax of N5.1 billion.
CBN: Cheap loans to small businesses’ll cage jobless rate
As the rate of unemployment continues to worsen by the day, the Central Bank of Nigeria (CBN) says disbursing the AGSMEIS’ N26billion facility at single digit interest rate will create jobs and reverse the ugly trend in the country.
Kaduna Dep Gov Apologises over Remarks on World Bank Loan
The Deputy Governor of Kaduna State, Barnabas Bala Bantex, has apologised over comments he made regarding the rejection of the $350 million World Bank loan request by the state government. The Senate had rejected the $350…
N20.2m Benefit: Court Strikes Out Ex-Bank Manager’s Entitlement Suit
The National Industrial Court, Abuja, on Tuesday struck out a suit filed by one Cherry Okeke, against her former employer, Ecobank Nig. Plc, seeking payment of N20.2million being accrued benefits and salaries.
RMAFC recovers N57.7 billion from collecting banks
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), as part of its efforts to boost revenue accruals into the federation account, has recovered N57.7 billion unremitted revenues from collecting banks.
N219M Deposit Fraud: Enugu Microfinance Bank Drags Commercial Bank To CBN
Ohha Microfinance Bank Limited, an Enugu-based microfinance bank, has lodged a complaint with the Central Bank of Nigeria (CBN) against Sterling Bank Plc. In a petition addressed to the Governor of CBN,
Saraki in US for World Bank/IMF Spring Meeting
Senate President Abubakar Bukola Saraki, on Monday night, left for Washington DC, in the United States, to attend this year’s Spring Meeting of the World Bank and International Monetary Fund (IMF).
First Bank MD, Management Tran Visit Kwara Governor, Monarch
The Managing Director/Chief Executive Officer of FirstBank, Dr Adesola Adeduntan, on Friday led some members of the bank’s executive management team on a courtesy visit to Governor Abdulfatah Ahmed of Kwara State at the State…
AfDB to fund private health care in Lagos with $20m
The African Development Bank says its board has approved the support of private health care system in Lagos, Nigeria with a loan of $20m. A statement issued by the bank in Abuja on Monday said the fund would help Santa Clara Medical..
World Bank Won’t Grant Loan To Any State Without Kaduna – El Rufai
Nasir el-Rufai, governor of Kaduna state, says the World Bank will not grant loan to any state if Kaduna is not included. Kaduna is among the states which applied for loan from World Bank but while the senate approved the facility…
Court fixes June 5 judgment whether or not to compel CBN to reveal cost of President Buhari’s treatment
A Federal High Court, Abuja will on June 5 determine whether or not the court will compel the Central Bank of Nigeria (CBN) to disclose the cost of President Muhammadu Buhari’s foreign treatment in London last year.
13,000 Workers To Benefit From Federal Mortgage Bank’s House Renovation Loan
The Federal Mortgage Bank of Nigeria (FMBN), says 13,000 workers would benefit from its N13 billion Workers Home Renovation Loan Scheme.Speaking at a consultation with the National Employers Consultative Association, the…
Access Bank, Lafarge Africa, 2 others join NSE’s Premium Board
Access Bank Plc, Lafarge Africa Plc, United Bank for Africa, UBA Plc and Seplat Petroleum Development Company Plc have joined the elite group of issuers on the Nigerian Stock Exchange, NSE, through their migration yesterday to the…
SunTrust Bank Receives ISO, PCI-DSS Certifications
SunTrust bank has been awarded with the ISO and Payment Card Industry Data Security Standard (PCI-DSS) certifications by the PECB Canada, a leading organisation in audit management systems and processes.
Firstbank Customers To Get Free Fuel With Verve Card
In partnership with Verve International, First Bank of Nigeria Limited has announced a promotion to reward its customers for using their FirstBank Verve card to purchase petrol at selected Oando filling stations in Lagos.
Consumer confidence index worsen in Q1 – CBN
The consumers’ overall confidence outlook worsened in the first quarter of 2018, as fewer consumers were optimistic in their outlook according to a report by the Central Bank of Nigeria (CBN).
World Bank raises first bond worth $1.5bn
World Bank’s International Development Association (IDA) on Tuesday launched a 1.5 billion-dollar bond, the first in its nearly 60-year history. The World Bank Group President, Mr Jim Yong Kim, said the launch of IDA’s borrowing….