The shareholders of Fidelity Bank Plc have unanimously endorsed the payment of a cash dividend of 22 kobo per share to all Shareholders whose names appear in the Register of Members at the close of business on April 16, 2021. This translates to a dividend yield of 9.2%, making it the 4th most rewarding Bank to investors in the ... Read More »
MTN Nigeria has introduced Remita, an electronic payment platform, for the management of all its post-paid invoicing, payment as well as service-and-expense reconciliation needs. The company in a statement on Thursday said it had integrated its system with Remita’s invoicing and payments solutions suite to enable ease of payments and achieve instant value in a flexible manner for its post-paid ... Read More »
The much expected live performance of the exciting Nigerian Idol Season 6 kick-starts on May 9, 2021 and will culminate with a finale on July 11, where the winner will receive the grand prize of a recording contract with a leading record label and N50, 000,000 (Fifty Million Naira) worth of prizes.The very entertaining reality TV show which started with ... Read More »
In a clear demonstration of its resilience, Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2021, with Profit After Tax (PAT) rising by 5% to N53.1 billion, from N50.5 billion recorded in March 2020. This is despite a very challenging macroeconomic environment aggravated by the COVID-19 pandemic. From the unaudited statement of account ... Read More »
Nigeria’s foremost agric lender, Unity Bank Plc has sustained the growth momentum demonstrated in its 2020 full year earnings as it recorded an impressive performance of 43% in both profit before and after tax in Q1-2021. In the Bank’s unaudited Q1-2021 results submitted to the Nigerian Stock Exchange on Friday, the retail lender’s Profit Before Tax grew by 43% to ... Read More »
We refer to the Central Bank of Nigeria Limited (CBN) pronouncement on the reconstitution of the Board of Directors of First Bank of Nigeria Limited. Further to the press conference held by the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele CON on Thursday, 29 April 2021, the Boards of FBN Holdings Plc and First Bank of Nigeria ... Read More »
Raheem Akingbolu reviews the new FirstBank’s corporate website and reckons that it would go a long way in strengthening the ability of the bank’s patrons and other potential customers in addressing basic banking operations. Outside the physical identity of any brand, the most accessible door into the operations of a company in today’s market is ... Read More »
First Bank of Nigeria Limited has announced the appointment of Mr Gbenga Shobo, as the Managing Director/Chief Executive Officer designate of the bank. Before his appointment, Shobo is the Deputy Managing Director of the bank. The bank’s Chairman, Mrs Ibukun Awosika, said this in a statement on Wednesday in Lagos, noting that the appointment was subject to all regulatory ... Read More »
Stanbic IBTC, a member of Standard Bank Group, has announced its three months unaudited results for the period ended 31 March 2021. Commenting on the results, Dr. Demola Sogunle, Chief Executive Stanbic IBTC, said: “The domestic economy remains quite fragile. Negative real returns prevailed in the first quarter as headline inflation continued on the rise, currently above 18% as of ... Read More »
Top gerian lender, Fidelity Bank Plc recorded a strong financial performance in the first quarter of 2021, posting appreciable growth in profits for the period ended 31 March 2021. Details of the unaudited results, released at the Nigerian Stock Exchange (NSE) show that Profit before Tax (PBT) grew by 53.9% from N6.6bn in 2020 to N10.1bn for the corresponding period ... Read More »
News Thumb Magazine ..news reporting..
