First Bank Nigeria Holdings Plc, has reported a profit before tax of N206 billion for the half year ended June 30, 2023. FBN Holding disclosed the figures in its second-quarter statement released yesterday on the Nigerian Exchange.The increase in second-quarter profits helped its half-year profit before tax to rise by 213% compared to N65.7 billion…
FBN Holdings Plc says it has recorded a profit before tax of N206 billion for the first half of 2023 financial year. The holding company… FBN Holdings Plc says it has recorded a profit before tax of N206 billion for the first half of 2023 financial year. The holding company said this in its unaudited…
The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023. This is the highest tax revenue collection ever recorded by the Service in any first six months of a fiscal year, the agency said in a statement Thursday. The statement…
The Lagos Chamber of Commerce and Industry has urged the Federal Government to sustain its targeted interventions in critical sectors like agriculture, manufacturing, export, infrastructure, etc. Speaking at the chamber’s State of the Economy Outlook press conference in Lagos on Tuesday, its President, Michael Olawale-Cole, stated that high inflation, continuous rise in interest rates and…
Fidelity Bank said it will seek the approval of its shareholders to raise additional capital via issuance of 13,200 billion ordinary shares. This was disclosed in the notice of Extraordinary General Meeting signed by the Company Secretary, Ezinwa Unuigboje and filed on the Nigerian Exchange Limited. The company revealed it would raise the funds via…
A passenger of Dana Air, Femi Ogunshola, has expressed his disappointment after the airline left him and other passengers onboard without taking off for over an hour. According to him, passengers had boarded the Lagos-bound flight, which was scheduled to take off by 12 p.m. on Saturday from Abuja but were kept inside the aircraft…
Guaranty Trust Bank Ltd has been named the ‘Best Bank in Nigeria’ at the Euromoney Awards for Excellence 2023 for the 12th time. A statement said Euromoney is a leading authority for global banking and financial markets, and the annual awards for excellence celebrated financial institutions that demonstratd leadership, innovation and resilience in the markets…
Access Holdings has completed its bid to gain a foothold in Africa’s second-biggest oil producer, Angola, about two and a half months after announcing it had scaled regulatory hurdles to acquire the country’s Finibanco S.A. Bank. The move expands the territory of Nigeria’s biggest financial services group in the southern part of the continent, where…
Access Bank Plc and Standard Chartered Bank have entered into agreements for the acquisition of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Consumer, Private & Business Banking business in Tanzania. Each transaction remains subject to the approval of the respective local regulators and the banking regulator…
