First Bank of Nigeria Plc has announced a 29 per cent increase in its profit before tax to N31.4bn for the first quarter ended March 31, 2013. A statement by the bank on Monday said the bank’s gross earnings stood at N99.5bn, representing an increase of 13.5 per cent year-on-year, […]
Tag: Nigeria
Bond Yields Widen as Oil Prices Decline
Yields on the federal government’s bonds increased in April as a result of the relative decline in oil prices as well as a negative shift in global sentiment during the month. Data compiled by THISDAY showed that yields on all the seven actively traded FGN bonds increased during the month.While […]
Banks Enforce KYC Requirements for Non-financial Businesses
Deposit Money Banks (DMBs) have warned that restriction will be placed on the accounts of Designated Non-financial Businesses and Professions (DNFBPs) operators that failed to comply with the Know-Your Customer (KYC) requirement of the Central Bank of Nigeria (CBN). The CBN’s deadline for compliance with the KYC update by the […]
