Tag: InvestAdvocate

Fidelity Bank MD, EFCC: Bank Says Transactions Duly Reported

28/4/2016/Fidelity Bank Plc Our attention has been drawn to reports in the media on investigations into transactions undertaken by the Bank in the normal course of business in 2015. The transactions are now the subject matter of investigations by the Economic & Financial Crimes Commission (EFCC). We can confirm that […]

Wema Bank Q1’16 Profit Drops 17.9% to N429.5 Million

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc on Wednesday said its profit after tax (PAT) for the period ended March 31, 2016 declined -17.9 percent to N429.53 million from N522.99 million declared a year ago. Similarly, profit before tax (PBT) depreciated -17.9 percent to N505.32 million from N615.28 […]

Access Bank Get Shareholders Approval to Raise N100 Billion Fresh Capital, 30 Kobo Final Dividend

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 […]