Capital Market

FirstBank Supports Visual Arts with First@arts Platform

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc said on Thursday its supporting the visual arts festival in Enugu tagged “Life in my City”. “The Bank is supporting this event under the auspices of the First@arts initiative which is driven […]

NDIC Says 64% Bank Frauds, Forgeries in 2014 Committed by Contract Staff

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigeria Deposit Insurance Corporation (NDIC) said 64 percent of bank frauds and forgeries in 2014 were largely committed by temporary staff, clerks and tellers. Umaru Ibrahim, the managing director/chief executive officer (MD/CEO) of NDIC made  this disclosure in his keynote address presented at the […]

Access Bank Says 9-Months Pretax Profit up 45%

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Access Bank Plc said on Wednesday its pretax profit for the period ended September 30, 2015 climbed up 45 percent to N60.37 billion from N41.74 billion recorded a year ago. Similarly, post tax profit grew 38 percent to N48.09 billion from […]