Lower impairment charges, fee income push GTBank post-tax profit up 13% in Q3

GTBank MD, Segun Agbaje, GTbank posted a 13 per cent rise in its profit-after-tax (PAT) on the back of lower impairment charges and double digit increase in fee and commission income, its just released third quarter 2018 financial statement has shown. The bank’s PAT rose 13 per cent to N142.22 billion, buoyed by 19.47 per cent increase in fee and More...

by Felix OLOYEDE | Published 4 weeks ago
By Felix OLOYEDE On Wednesday, October 17th, 2018
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Afrinvest set to release 2018 Banking Sector Report on Oct. 22

Ike Chioke, Group Managing Director of Afrinvest Afrinvest (West Africa) Ltd will on October 22, 2018, in Abuja present the 2018 edition of its Annual Nigeria Banking Sector Report to the public. The report titled More...

By Felix OLOYEDE On Monday, October 15th, 2018
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Technology will break down old cultures in Banking and Finance- Jubril Aku

Jibril Aku, Chairman, SunTrust Bank Technology is laying a sledgehammer to the previous sturdy walls of time and space as a growing number of young Nigerians adopt mobile digital methods of taking care of their More...

By Felix OLOYEDE On Wednesday, October 10th, 2018
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How court case halts insurance recapitalization exercise

Litigation filed by some insurance stakeholders has forced the government to suspend the planned recapitalization of insurance firms operating in the country. The Insurance Shareholders Association of Nigeria (ISAN) More...

By Felix OLOYEDE On Wednesday, October 10th, 2018
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FG disburses N15.18bn interest-free loans

The Federal Government through Government Empowerment & Enterprise Programme (GEEP) has disbursed N15.183 billion in interest-free loans to over 300,000 market women, traders, artisans, farmers across all 36 More...

By Felix OLOYEDE On Monday, October 8th, 2018
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Equity market halts four straight losses, rises 0.19%

The Nigerian Stock market started this week on a bright as it returned bullish after four consecutive decline last week. The All Share Index (ASI) appreciated by 61.81 absolute points on Monday, representing an More...

By Felix OLOYEDE On Saturday, October 6th, 2018
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Finance Minister urges CBN, NDIC to investigate directors of defunct Skye Bank

Minister of Finance, Hajiya Zainab Ahmed receiving copies of publications by the Nigeria Deposit Insurance Corporation (NDIC) from the MD/CE, Umaru Ibrahim (Right) during her familiarisation visit to the agency More...

By Felix OLOYEDE On Friday, October 5th, 2018
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AXA Mansard Celebrates Customer Service Week  

AXA Mansard, a member of AXA, the global leader in insurance and asset management joined in the celebration of the just concluded Global Customer Service Week. Customer Service Week which is observed globally every More...

By Felix OLOYEDE On Friday, October 5th, 2018
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Naira appreciates further at I&E FX window as CBN injects fresh $210m

The Naira further appreciated against the dollar on Thursday at the Investors’ and Exporters’ Foreign Exchange Window (I&E FX window) as the the Central Bank of Nigeria (CBN) injected a fresh $210 More...