April 3, 2017/SunTrust Bank As a sigh of absolute confidence in the Management of the technology-driven new bank; SunTrust Bank, its customers increased deposits in the bank by a whopping 432 per cent, making it possible for the bank to declare an impressive profit before tax of N343 million, an increase of 160.3 […]
Updates
Wema Bank Says 2016 Pretax Profit up 8.5%
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc said on Monday its pretax profit for the period ended December 31, 2016 jumped 8.5 percent to N3.24 billion from N2.99 billion reported a year ago. Similarly profit after tax (PAT) appreciated by 12.7 percent to N2.56 billion from N2.27 billion […]
CBN Boosts FOREX Supply by $240m
Culled—Proshare April 3, 2017/CBN …$150m for wholesale auction …$90m for BTA, PTA, medicals, etc. …Adjusts $10,000 BDC sale to Tuesdays only …Directs banks to pay cash to desiring customers OTC The Central Bank of Nigeria (CBN) on Monday, April 3, 2017, released the sum of $90 million to meet requests for […]
