FCMB Group Plc grew its gross revenue by 75.7 percent to N351.5bn in the first nine months ended September 2023, from N200bn in the corresponding period of 2022. The results filed with the Nigerian Exchange Limited indicated that the gross earning was driven by a 55.1 percent growth in interest income and a 144.6 percent…
The Federal Inland Revenue Service has offered a complete waiver on penalties and interests for overdue taxes, contingent on full principal payment before December 31, 2023. This announcement was made through a statement issued by Dare Adekanmbi, the special adviser to Chairman of FIRS, Zacch Adedeji, on Sunday. The chairman highlighted that the agency typically…
Access Bank Plc and Asolar- a sustainable energy firm, have launched a green energy solution to tackle power supply challenges faced by small and medium enterprises (SMEs) and rural communities across the country.The products under the energy solution included solar-powered television, air conditioners, and Point of Sales (PoS) machines among many others. These were launched…
Ecobank Group grew its gross earnings by 59 per cent to N1.21tn at the end of September 2023 from N761.29bn as of the same period in 2022. This was indicated in the Audited Consolidated Financial Statements For the period ended 30 September 2023 filed with the Nigerian Exchange Limited on Thursday. Ecobank had delayed the…
FCMB Group Plc doubled its pre-tax profit by 108 per cent to N55.1 billion in the third quarter of 2023 amid increasing market penetration.Interim report and accounts of FCMB Group for the nine-month period ended September 30, 2023 showed that profit before tax rose from N26.5 billion in third quarter 2022 to N55.1 billion in…
United Bank for Africa (UBA) Plc has kicked off the beginning of the yuletide season in a grand ceremony marked with fireworks and melodious Christmas carols. The ceremony attended by staff, customers and members of the general public was held at the well decorated UBA Foundation Garden in Marina, Lagos. Through its corporate social responsibility…
Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the Chartered Financial Analyst (CFA) Institute to support the formation, training, and updating of human capital in finance and investment.The pact was signed by Group Managing Director, Zenith Bank Plc, Dr. Ebenezer Onyeagwu; President, CFA Institute, Margaret Franklin; and President, CFA Society Nigeria, Ibukun…
FirstBank Group has appointed Olukorede Adenewo as Managing Director of FirstBank UK. The appointment took effect on November 16, 2023, subject to regulatory approvals.The board of the bank stated that Adenewo who has demonstrated exceptional leadership, strategic vision, and a deep understanding of the global financial landscape, brings a wealth of experience, built by a…
Afinancial services provider, 9 Payment Service Bank (9PSB) and the Lagos Food Bank Initiative(LFBI) have partnered to give curated food boxes to the elderly and widows The packs will be distributed in Isolo, Alimosho, Mushin, and Lagos Island as part of activities to commemorate the bank’s third anniversary. 9PSB had presented educational supplies to two…
