Archives for MONEY MARKET - Page 118
Nigerian Banking Industry Resilient To Challenges — NDIC
NDIC MD By Ngozi Onyeakusi---Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, has said that Nigerian banking sector is resilience to challenges facing it. The corporation noted that…
FIRS Commences Nationwide Monitoring On Tax Compliance
Visits to include MDAs, NGOs, corporate bodies The Federal Inland Revenue Service (FIRS) has stated that it would embark on a nationwide Value Added Tax (VAT) and Withholding…
Private sector activity growth slows in May, but demand conditions remain favourable – Stanbic IBTC
Business conditions in Nigeria's private sector strengthened in May, but the rate of improvement slowed from April. Softer uplifts were recorded in output, new orders, purchasing activity and input…
Stanbic IBTC Infrastructure Fund Series II Set To Close 10 June
By Ngozi Onyeakusi--- Following the success of the first tranche of Stanbic IBTC N100 billion Infrastructure Fund, the Series II, which was released in early May, continues to generate…
FirstBank – Reaping the Benefits of a Solid Legacy
Adesola-Adeduntan-MD_CEO FirstBank- FirstBank delighted investors with a pleasant surprise when it announced stellar results confirming that its turnaround strategy pinned on the pillars of innovation, resilience and digging deep is…
CBN disburses N106.39bn to rice farmers
The Central Bank of Nigeria has disbursed a total of to rice farmers under the Paddy Aggregation Scheme. This was disclosed by the CBN Governor, Godwin Emefiele, in statements…
FIRS Commences Recovery of Unremitted Tax Deductions By States, Local Governments
By Ngozi Onyeakusi--- The Federal Inland Revenue Service (FIRS) has stated that it will commence the process of enforcement and recovery of unremitted tax deductions owed by some States and…
EXCITEMENT IN SHAREHOLDERS’ CAMP AS FIRSTBANK SHEDS NPL BURDEN
Adesola-Adeduntan-MD_CEO FirstBank- With a significant cut in its impairment charges (which translates into a clean loan book) in its 1Q, 2022 results, after it successfully brought down its non-performing loan…
Abbey Mortgage Bank rebounds, reports N622 million profit in 2021
By Ngozi Onyeakusi---Abbey Mortgage Bank Plc has reported an impressive performance for the year 2021. During the year the bank had a rebound in its result, recording a N622…
GTCO Plc’s GTBank Maintains its Dominance in Financial Services at Brand Africa 100: Africa’s Best Brands Awards
By Ngozi Onyeakusi---Guaranty Trust Bank Ltd (GTBank), the banking subsidiary of Guaranty Trust Holding Company Plc., has emerged winner in four major categories at the 12th annual Brand…
