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FBN Microfinance Bank targets more states

By Agency Reporter First Bank of Nigeria Microfinance Bank is set to expand operations outside Lagos state. The bank’s Managing Director/Chief Executive Officer, Mrs. Pauline Nsa, who made this known during the bank’s customers’ forum and prize presentation in Lagos on Saturday, noted that the bank would also expand operations […]

NB’s profit rises by 7.3%

By Agency Reporter The Board of the Nigerian Breweries Plc has announced a 7.3 per cent increase in the company’s profit for the financial year ended December 31, 2010. The company’s audited financial result presented to the Nigerian Stock Exchange, showed that the company made a N44.9bn operating profit as […]

Stanbic IBTC adopts holding company structure

By Udeme Ekwere STANBIC IBTC Bank Plc has adopted the holding company structure in line with the provisions of the new banking regime, which requires banks to divest from non-core banking activities. The Chief Executive Officer, Stanbic IBTC, Mr. Chris Newson, who disclosed this on Monday, said the decision to […]