Company Report
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Fidelity Bank boosts Nigeria’s non-oil exports with FITCC Houston
The much-anticipated second edition of the Fidelity International Trade and Creative Connect (FITCC) got off to a boisterous start on Tuesday as leading financial institution -Fidelity Bank Plc -hosted a broad range of businesses, regulators, members of the diplomatic corps and other guests to the opening ceremony in Houston, Texas, United States of America. Tagged FITCC Houston, the two-day event…
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United Capital records 20% YoY gross earnings growth
United Capital Plc on Wednesday announced N17.5 billion gross earnings in nine months ended September 30, 2023, representing an increase of 20per cent Year-on-Year (YoY) when compared to N14.55billion in September 2022, largely driven by 35 per cent YoY growth in Investment Income. The listed financial and investment services company on the Nigerian Exchange Limited (NGX) announced N8.47 billion profit…
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Just In: BUA Cement cut price of Cement to N3,500/bag
The management of BUA Cement Plc has announced the reduction in the price of cement to N3,500 per bag effective from October 2, 2023. The price of BUA Cement was N5,500 per bag and the Chairman, of the company, Abdul Samad Rabiu, after a meeting with President Bola Tinubu in mid-September disclosed plans to cut the price. The company in…
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Ecobank alerts customers on Sim card fraud increase
Ecobank has once again, raised alarm on the dangers of SIM swap fraud, stressing that fraudsters could use it to impersonate them. In a message to customers via email, the bank explained that SIM swap fraud occurs when scammers use your phone number to access your accounts. According to the bank, “Scammers impersonate you and trick your mobile phone’s carrier…
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BREAKING: Capital Hotels to delist from NGX
Capital Hotels Plc on Monday officially announced its voluntary delisting from the Nigerian Exchange Limited (NGX) as recommended by the board of directors. The company in a statement obtained by WesternPost stated that the Exchange approved the delisting application subject to Capital Hotels evidence of opening an escrow account in the Registrar’s name and evidence that shareholders who have accepted…
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Access Holdings reports N940.3bn gross revenue in H1 2023
Access Holdings Plc has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2023, to the Nigerian Exchange Group (NGX). The published results showcased a set of impressive performance highlights, affirming its steadfast commitment and prominent industry standing in delivering sustainable returns to stakeholders. Access Holdings reported a robust gross earnings figure of N940.3billion, reflecting…
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Fidelity Bank acquires 100% stake in Union Bank UK subsidiary
Fidelity Bank has completed the acquisition of the 100 per cent equity in Union Bank UK, a subsidiary of the Union Bank of Nigeria. This was disclosed in a corporate notice filed with the Nigerian Exchange Limited. Fidelity Bank had in August 2022 announced the proposed acquisition of the UK bank. According to the 2022 annual reports of Union Bank…
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BREAKING: UBA records significant growth in revenue, with a PBT of N404bn
United Bank for Africa (UBA) Plc, delivered an outstanding performance for the half year ended June 30, 2023, as announced in its audited financial report. The results released to the Nigerian Exchange Limited (NGX) on Tuesday showed that the Group recorded double and triple-digit growth across its major income lines, as it continued to show substantial progress in increasing the…
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Zenith Bank hits N16trn in total assets
Zenith bank Plc on Monday announced half year ended June 30, 2023 with total assets crossing the N16trillion mark which is an increase of 31 per cent from N12.3trillion reported in 2022 full financial year. The group’s customers’ deposits grew by 30 per cent from N9 trillion in 2022 to N11.6 trillion in June 2023, while loans and advances also…
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BREAKING: Zenith Bank declares N291.73bn profit in H1 2023
Zenith Bank Plc on Monday announced N291.73billion profit in its audited half year ended June 30, 2023 result and accounts, an increase of 161.85 per cent from N111.41billion reported in corresponding period of 2022. The leading financial institution in profits also announced N350.36 billion profit before tax in H1 2023, an increase of 169.49 per cent from N130.01billion in H1…
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