GT Bank Grosses N419.2BN,To Pay N2.70 as Dividend

Guaranty Trust Bank Plc has reported growths in key performance indicators in its audited financial results for the year ended December 31, 2017. The results showed that GTBank posted gross earnings of N419.2 billion, up marginally from N414.6 billion in 2016. Net interest income rose from N195.4 billion to N246.66 billion, while impairment charges reduced […]

Zenith Bank Hits N178bn Profit,N2.45 Dividend Recommended

Zenith Bank Plc (ZENITH)has released its Financial Year 2017 results which showed that Gross earnings was higher by 46.69% during the year at NGN745.19 billion – 55.14% higher than Bloomberg’s polled estimates, and 8.49% higher than our forecast. The bank made a profit before tax (PBT) and profit after tax(PAT) stood at NGN203.46 billion andNGN177.93 […]

Africa Prudential Launches “Personal Registrar USSD *4018#

  Africa Prudential Plc, has unveiled her new USSD code, *4018# tagged “Personal Registrar”.The USSD code, *4018#, which was unveiled in Lagos on Wednesday enable shareholders to perform  a lot of tasks including checking their outstanding dividend, shareholding balance, confirming bank mandate right from their mobile phones from the comfort of their homes, work places […]

ISAN Leader Raise Alarm Over Capital Market Boom

The National Co-ordinator of Independent Shareholders Association of Nigeria(ISAN),Adeniyi A. Adebisi has raised alarm over the capital market’s sudden boom and is requesting the nation’s economic managers to monitor the economy closely. However, in a separate interview,another Shareholder Alhaja.Sarat  Kudaisi said that her expectation was that the economy will be better this year,saying that the […]

George Soros says Top Tech Firms “Monopoly”have Become Global Problems

  Business magnate George Soros in London, Britain, June 20, 2016. REUTERS/Luke MacGregor Billionaire hedge fund manager George Soros slammed Facebook (FB) and Google (GOOGL), two companies he’s invested in recently, noting that “the rise and monopolistic behavior” of tech platform companies has become a “global problem.” Speaking at the World Economic Forum in Davos, […]

Elumelu Reveals Red Cross $1M(N360M) Support for TEF.

The Chairman, United Bank for Africa (UBA) Plc, Mr. Tony Elumelu, has stressed the need for global organisations and multinational institutions to support the much-needed growth in the African continent; adding that Red Cross has extended a $1million support for the Tony Elumelu Foundation(TEF).  Elumelu, who was speaking  on the side-lines of the 2018 World […]

33 Companies, 435 Directors pass CGRS,As Onyema Praise Development

  The Steering Board of the Corporate Governance Rating System (CGRS) is pleased to announce that 25 companies have successfully passed its rating test, having scored the required pass mark of 70% whilst 87 others are at various stages of completion of the process. The Nigerian Stock Exchange Chief Executive Officer(CEO)Mr. Oscar N. Onyema,  noted […]

Former USCFTC Chairman Criticize Profiteering By Banks

  The former Chairman of the US Commodities Futures Trading Commission ( CFTC), Mr. James Stone, has criticized the lopsided nature of world economy in which the financial sector controls huge part of the profits in the system to the detriment of the solid sector.He posited that for the banking sector which should be the […]

NSE CEO Says Nigerian Economy Has Better Prospects in 2018

  The Chief Executive Officer of the Nigerian Stock Exchange(NSE),Oscar Onyema has said that the nations economy has better  prospects for 2018.The NSE topman aired this during his “2017 Market Recap and 2018 Outlook” Tuesday. Speaking at the  annual  forum for the  NSE CEO  to brief the stockbroking community, analysts, media and other stakeholders, on the performance […]

NSE Promotes Ms. Tinuade Executive Director, Regulation

The Nigerian Stock Exchange (NSE) has announced  the promotion of Ms Tinuade Awe to Executive Director, Regulation of the exchange with effect from 1 January, 2018. Her appointment has received regulatory approval. According to the statement as Executive Director, Regulation in the NSE’s revised organizational structure, Ms Awe has oversight functions for the following teams: […]

Unity Bank Plc Gets New Chairman

Chairman of Board of Directors of Unity Bank Plc, Mr. Thomas A. Etuh has retired from the bank’s board  and  Alhaji Aminu Babangida (the erstwhile Vice Chairman of the Board) has been appointed  the new chairman in line with the bank’s succession plan. A statement from the bank said the appointment of  Babangida has been approved by the Central Bank […]

Unity Bank Plc Awaits New Chairman ,Investors

  The recent bow out of the Chairman of Unity Bank Plc, Mr Thomas Etuh was to make way for new investors in the bank.This information came to light at the last annual general meeting(AGM)of the bank which held in Lagos. According to Etuh,he and other members of board and management of Unity Bank Plc […]