Archives for MONEY MARKET - Page 162
Union Homes grows net income by 3% to N102.25m in Q1 2021
Union Homes Real Estate Investment Trust (UH REIT), a closed-ended Fund primarily involved in acquiring investment properties which are held for capital appreciation has released its statement of comprehensive income…
FBN Holdings settles shareholders with N16.15b dividend
By Ngozi Onyeakusi--- FBN Holdings Plc shareholders has declared a total dividend of billion for the financial year ended Dec. 31, 2020. The shareholders approved the dividend at the company’s…
Fidelity Bank posts N55.122 bn gross in 2021 Q1
Nneka Onyeali-Ikpe, MD/CEO Fidelity Bank By Ngozi Onyeakusi--- Fidelity Bank Plc, a Nigerian bank which provides a full range of financial services including investment, commercial and retail banking has released…
EFCC places red flag on bitcoin, forex trading, others
The Economic and Financial Crimes Commission (EFCC) has warned that any investment that promises returns that “looks too good to be true should be considered a red flag.” “Though risk-taking…
Heritage Bank promotes creative industry with support for “Rita Dominic Acting Challenge”
Heritage Bank Plc has further reiterated its commitment to the growth and development of the creative and entertainment sector by supporting the “Rita Dominic Acting Challenge.” Heritage Bank in collaboration…
World Bank tasks Nigeria Governors on digital tax collection
The World Bank has advised Governors to adopt a digital tax collection method to reduce revenue leakage and borrowing from international financial institutions. The country representative of the World Bank…
Access Bank acquires BancABC Botswana
MD, Access Bank, Herbert Wigwe By Ngozi Onyeakusi --- Access Bank, Nigeria’s biggest lender by customer base, says it has entered into a definitive and binding agreement with ABC Holdings regarding…
UBA posts 27% Profit After Tax growth
By Ngozi Onyeakusi---- United Bank for Africa (UBA) Plc Monday, released its unaudited results for the first quarter ended March 31, 2021, showing impressive double-digit growth across major income lines.…
Oil firms borrowed N130bn from banks in February– CBN
CBN Governor, Emefiele Operators in the downstream, natural gas and crude oil refining sectors of the Nigerian oil and gas industry borrowed N130bn from Nigerian banks in February amid the…
First 50 Beneficiaries Emerge In Ecobank Super Reward Scheme
By Ngozi Onyeakusi---- Ecobank Nigeria has announced the first 50 beneficiaries of Ecobank Nigeria Super Reward scheme. 50 customers will receive N25, 000 each. The four-month Super Rewards scheme which…
