BANKING

Shareholders of the FCMB Group have unanimously approved the payment of a cash dividend of N1.98billion, translating to 10 kobo per ordinary share, for the year ended December 31, 2015....

  Returns on forex utilization published by commercial and merchant banks have shown that the Central Bank of Nigeria, CBN, allocated a total of $669,405,241 in April. The sum of...

The current foreign exchange policy has adversely impacted Fidelity Bank Plc’s gross earnings, with a decline of N4.2 billion in forex income. The bank’s financial result for the first quarter...

Fidelity Bank Plc has named Mohammed Lawal Balarabe, the executive director (north), as the acting managing director “subject to regulatory approval”. The announcement was made on Monday evening by the...

Globe Motors says it has unveiled an auto finance campaign, in collaboration with Stanbic IBTC bank, to make vehicles ownership easy and stress free. It said the scheme was targeted...

Stanbic IBTC Stockbrokers Limited, member of Stanbic IBTC Holdings PLC has launched an online stockbroking service on the Nigerian Stock Exchange (NSE) platform. The Stanbic IBTC E-Trade provides investors with...

Sterling Bank Plc‘s effort to improve internal efficiency has paid off as the financial house successfully reduced funding costs and improved profitability of its core banking operations in the first...

Diamond Bank Plc on Friday announced a profit before tax of N6.7 billion for the first quarter ended March 31, 2016. The News Agency of Nigeria (NAN) reports that this...

One thousand members of Staff of First Bank of Nigeria will lose their jobs, FBN Holdings Plc, the mother body for Nigeria’s oldest and biggest bank, has said. This job...

Nigeria's biggest banking group FBN Holdings has no need to tap equity markets after an unexpected 119 billion naira ($600 million) loan loss provision last year, but will limit lending...