Company Report
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FBN Holdings reports 68.4% increase in profit to N151.08bn
…recommends 35 kobo dividend payout to shareholders FBN Holdings on Wednesday reported 68.4 per cent increase in profit, according to its audited result and accounts for the period ended December 31, 2021 submitted on the Nigerian Exchange Limited (NGX). The group in 2021 reported N151.08billion profit as against N89.73billion reported in 2020 financial year. From the profit and loss figures,…
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Shareholders of Ecobank Transnational Incorporated approve resolutions
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, the leading pan-African bank with operations across 33 African countries, on Wednesday held its 34th Annual General Meeting (AGM) in Abidjan, Côte d’ Ivoire. Chairman Ecobank Group, Alain Nkontchou, in a statement said: “2021 was a transformational year for the Group and the Board is pleased to be rewarding shareholders…
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Wema Bank reiterates commitment to customer data confidentiality
Wema Bank Plc has reiterated its commitment to customers data confidentiality. This follows accusation by some customers that the bank was conducting illegal banking practice. The bank’s customers said they discovered that the bank and its agents had allegedly been opening unauthorised accounts for customers with information or data in the bank’s possession. Wema Bank in its response on Wednesday…
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SABRE EMEA: Africa PR & Comms Report (APCR) Committee Commends BCW, BlackHouse Media, others
The coordinating committee of the Africa PR & Comms Report (APCR) has commended the top five PR consultancies across Africa – BCW, BlackHouse Media Group (BHMG), Clockwork, Edelman and Razor for their recognition by one of the most respected communications awards in the world. These five companies from Nigeria and South Africa have been nominated in the 18th edition of…
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Airtel Africa announces commencement of PSB operations
Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, on Thursday announced that its subsidiary SmartCash Payment Service Bank Limited (SmartCash PSB), has commenced operations in Nigeria. The company in a statement said the services will initially be available at selected retail touchpoints, and operations will be expanded gradually across…
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FBN Holdings set to buy 100% stake in Access Pension
A subsidiary of FBN Holdings Plc, First Bank of Nigeria Limited has entered into agreement with Access Bank for the planned acquisition by First Pension of 100 per cent share capital of Access Pension Fund Custodian Limited held by Access Bank. FBN Holdings in a statement signed by its acting Company Secretary, Mr. Adewale Arogundade posted on the Nigerian Exchange…
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FBN Holdings wins best performing stock, best stakeholders’ communications at NIVA
FBN Holdings Plc, has won two awards at the Year 2022 Nigerian Investor Value Awards (NIVA). The prestigious event, which was held last Saturday in Lagos was organised by BusinessDay, in collaboration with the Nigerian Exchange Limited. The first award was in the Best Performing Stock among bank holding companies category. A statement from the organisers noted that FBNHoldings within the…
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Access Bank emerges best performing stock on NGX
…Awosika Best Chairman of the Year Access Bank plc has emerged the best performing stock in 2021 by the Nigeria Exchange Limited (NGX). The Bank earned this recognition at the 2022 Nigerian Investor Value Awards (NIVA) organised by BusinessDay in collaboration with the Nigeria Exchange Group. Also, Chairman, Board of Directors of the Bank, Dr Ajoritsedere Awosika emerged as the…
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What is Forex Trading – Quick Guide to Becoming a Pro
The Forex market offers numerous opportunities to profit from speculation on price volatility between a variety of different global currency pairs. As such, Forex trading has become very popular in Nigeria as it is broadly accessible to anyone with a stable internet connection and an understanding of currency price fluctuations. That said, there are some significant differences between beginner and…
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Awe, NGX Regulation CEO tasks corporate organisations on sound sustainability reporting
The Chief Executive Officer, NGX Regulation Limited (NGX RegCo), Ms. Tinuade Awe has harped on the need for corporate bodies to adopt sound procedures in their reporting on their environmental and social impact. She noted this during a webinar hosted by Corporate Secretaries International Association (CSIA) to explore how businesses and organisations can carry a full 360 approach to Environmental,…
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