By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Shareholders of Nigeria’s top tier lender, Access Bank Plc on Wednesday at its 27th Annual General Meeting (AGM) approved the 30 kobo per share final dividend earlier offered by the board in its 2015 audited year end and authorised directors to raise a fresh fund […]
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Nigeria FBN Holdings sees no need to raise equity after loan loss
Wed Apr 27, 2016/Reuters Nigeria’s biggest banking group FBN Holdings has no need to tap equity markets after an unexpected 119 billion naira ($600 mln) loan loss provision last year but will keep loan growth flat to boost capital, its CEO said on Wednesday. CEO Urum Kalu Eke said the […]
Diamond Bank 2015 Profit Drops 77.8% to N5.66 Billion
By InvestAdvocate Lagos (INVESTADVOCATE)-Diamond Bank Plc said on Wednesday its profit after tax (PAT) for the period ended December 31, 2015 dropped 77.8 percent to N5.66 billion from N25.48 billion posted a year earlier. Similarly, profit before tax (PBT) of the Bank declined 74.8 percent to N7.09 billion from N28.10 […]
