Business/Finance

First Bank MD proceeds on pre-retirement leave

The Managing Director of First Bank Plc, Dr. Adesola Kazeem Adedotun is to proceed on pre-retirement notice.   He conveyed…

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AltBank, Sterling One Foundation, Lagos Foodbank combat hunger, champion education

The Alternative Bank Limited (AltBank) has announced a strategic collaboration with FoodBank and Sterling One Foundation to raise approximately N20…

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Fidelity Bank grows profit by 131.5% in FY 2023

Leading financial institution, Fidelity Bank Plc, has released its 2023 full year Audited Financial Statements, reporting a 131.5% growth in…

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Recapitalisation: Analysts worry over transfer of costs to bank customers, job cuts

Analysts have expressed concerns over the possible transfer of costs that may be incurred by banks in the ongoing consolidation…

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Full Year 2023: UBA gross earnings rises by 143% YoY, profit hits N757.7bn

In another unprecedented performance, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for…

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Abbey Mortgage Bank donates 400 food packs to Kuramo community

As part of its ongoing commitment to eliminate hunger among vulnerable persons in the society, Abbey Mortgage Bank, a leading…

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Transcorp Group records robust growth in FY 2023; realizes 47.3% increase in revenue, 93.5% in PBT 

Transnational Corporation Plc (Transcorp), Nigeria’s leading listed conglomerate, announces its financial results for the year ended December 31, 2023.  …

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Recapitalization: Jobs losses imminent as Nigerian banks battle to escape extinction

There is panic in the Nigerian financial sector over massive job losses as banks battle to meet the recently announced…

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Dangote, 106 others get tax holiday over N2.5trn investments •FULL LIST

About 107 companies including Dangote and Mikano International are currently enjoying tax exemption from the federal government despite its insistence…

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Access Holdings after-tax profit surges as revenue touches record N2.6trn

Nigeria’s biggest lender, Access Holdings reported a fourfold acceleration in net profit that took the bottom line to an unprecedented…

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