28 C
Lagos, South Africa and New York
Wednesday, June 3, 2020

GTBank advises customers as it resumes operations nationwide

Dear Valued Customer, We hope that you and your loved ones are taking all the necessary precautions to stay safe and well during this Coronavirus (COVID-19) pandemic. We would also like to thank you very much for your understanding and patience during the period of...

9.5m Nigerians Use Our USSD Banking Service, Says FirstBank

First Bank of Nigeria Limited has announced that its Unstructured Supplementary Service Data (USSD), Quick Banking service has hit over 9.5 million customers. The bank revealed this in a statement thursday, saying the development was a demonstration of its leadership in electronic banking. “The bank’s USSD...

Shareholders Commend Access Bank on Performance, Dividend Payout

Shareholders of Access Bank yesterday commended the board of directors, management and staff for recording an impressive results and paying increased dividend for the year ended December 31, 2019. The shareholders gave the commendation at the 31st Annual General Meeting (AGM) of Access Bank Plc...

COVID-19: Shell cuts dividend for first time since WWII

Royal Dutch Shell on Thursday cut its dividend for the first time since the 1940s after a first-quarter loss – and warned virus-ravaged oil prices will take time to fully recover. The Anglo-Dutch group sank into a $24-million ($29.5-million) net loss in the three months...

With 31% Operating Costs, Access Bank Plans Staff Salaries Cut to Avoid Job Losses

By Emele Onu Access Bank Plc plans to cut salaries to avoid job losses as a lockdown to contain the coronavirus hampers the operations of Nigeria’s biggest lender, according to people with direct knowledge of the matter. The reductions are expected to start from May unless...

FCMB approves cash dividend of 14 kobo per ordinary share worth N2.77 billion to shareholders

Shareholders of FCMB have applauded the financial institution for its "resilience, dynamism and impressive performance" recorded last year despite the challenging operating environment. The shareholders, who gave the commendation at the 7th Annual General Meeting (AGM) of the Group on Tuesday in Lagos, also unanimously...

Union Bank records 19% growth for Q1’20

Union Bank of Nigeria Plc has posted 19 per cent growth in its profit before tax for the first quarter ended March 31 2020. According to the unaudited financial statements for the quarter released to the Nigerian Stock Exchange, the bank’s profit before tax rose...

UBA Delivers Impressive Returns on Investment as Shareholders Applaud Bank’s Support in Fight against COVID-19

· Shareholders ratify N1.00 Total Dividend Leading African financial institution, United Bank for Africa Plc (UBA) held its Annual General Meeting virtually by proxy on Wednesday, April 29, 2020 – a first in UBA’s seventy-one year history. The meeting, which had in attendance shareholders, management and...

FBNHoldings assures investors of repositioning for greater heights as shareholders get 38 kobo dividend per share

First Bank Nigeria Holdings, FBNH Plc has assured shareholders of repositioning the Group for greater height as it overcome its Non Performing Loan, NPL challenges, just as shareholders endorsed its proposed 38 kobo dividend per share for the financial year ended December 31, 2019. The...

Fact Box on Fidelity Bank’s Unaudited Q1 2020, Financial Result

Fidelity Bank Plc felt the impact of the downward adjustment in fees on banking transactions by Nigeria’s apex bank, as Net Fee and Commission Income declined 25% y/y to N4.0 billion. The decline in Net Fee and Commission Income was due to lower income recorded...