18/8/2016/Punch Anna Okon The Central Bank of Nigeria has granted Fidelity Bank Plc final licence to operate electronic commerce services in Nigeria. In a statement on Thursday, it said the development would enable the lender to empower Micro Small Medium Enterprises in line with its strategic business objectives. The platform, […]
Updates
NDIC pays N2.9b to 81,328 failed MfBs’ depositors
18/8/2016/The Nation By Osagie Otabor The Nigerian Deposit Insurance Corporation (NDIC) said it has paid N2.9 billion to 81,328 insured depositors of failed Microfinance Banks (MfBs) across the country as at December last year. It said a total of 187 MfBs whose licenses were withdrawn by Central Bank of Nigeria […]
Guaranty Trust Bank Plc – Extraordinary FX Gains Mask Spike in Loan Loss
Culled—–Proshare August 18, 2016/Vetiva Research Earnings beat estimates – PAT up 45% y/y · Top line pressured by Non-Interest Income · Devaluation supports loan, deposit and asset growth · Board of Directors declares N0.25 interim dividend · TP revised upwards to N32.45 (Previous: N30.67) Earnings beat consensus despite spike in […]
