First Bank of Nigeria Plc has announced a 29 per cent increase in its profit before tax to N31.4bn for the first quarter ended March 31, 2013. A statement by the bank on Monday said the bank’s gross earnings stood at N99.5bn, representing an increase of 13.5 per cent year-on-year, […]
Author: InvestAdvocate
Union Bank Deliberates on Compliance Plan
Union Bank Plc is said to be the latest bank making moves to comply with the Central Bank of Nigeria’s (CBN’s) Regulation No. 3 on “The Scope of Banking Activities and Ancillary Matters.†The board of directors of the bank is deliberating on the bank’s compliance plan. A source at […]
Equity market opens week on negative note
The first trading day of the week closed on a negative note as major market indicators of the Nigerian Stock Exchange recorded marginal decline. Specifically, the market capitalisation of the listed equities fell by N 55bn or 0.5 per cent to close at N11.170tn down from N11.225tn recorded at the […]
