NOVA Merchant Bank Holds 3rd AGM Virtually

NOVA Merchant Bank

Nova Merchant Bank on Thursday, May 7, embraced digital technology as the financial institution held its third Annual General Meeting (AGM) virtually at its head office in Victoria Island, Lagos. The meeting was held virtually in strict adherence with stipulations by the Federal and state government in a bid to limit the spread of the Coronavirus pandemic currently ravaging the world. The meeting which was led by the Chairman, NOVA Merchant Bank, Mr. Phillips Oduoza, had in attendance the Managing Director, Mr Anya Duroha, Company Secretary, Mr. Nnadozie Ohaji, Board…

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Unity Bank Resumes Forex Sales to Customers

Unity Bank Resumes Forex Sales to Customers   Unity Bank Plc has received supply of foreign exchange (forex) from the Central Bank of Nigeria (CBN) to adequately meet eligible demands from customers. We therefore wish to assure our customers that there is sufficient forex provision to meet legitimate needs. Customers are encouraged to come forward with their respective demands.

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Transcorp Group CEO, Owen Omogiafo Unveils New Strategic Vision For Nigeria’s Largest Listed Conglomerate At Company’s AGM

Strategic Vision

Shareholders of Transnational Corporation of Nigeria Plc (Transcorp) have congratulated the Board and management for the resilient performance achieved in 2019, despite the challenging environment. They welcomed the diversified earnings provided by the Group, Nigeria’s leading listed conglomerate, the largest power generator in Nigeria, operator of sub-Saharan Africa’s largest hotel, and a growing natural resources player. Transcorp held its 14th Annual General Meeting (AGM) online, due to the Covid19 pandemic, a corporate first in Nigeria. Shareholders participated in the meeting through proxies and a total of 129 proxies representing holders…

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Zenith Bank Records Improved Gross Earnings Of N166.8 Billion In Q1 2020

Global Finance

Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31 2020, with gross earnings rising by 6% from N158.1 billion in March 2019 to N166.8 billion. From the unaudited statement of account which was presented to the Nigerian Stock Exchange (NSE) on Wednesday, April 29, 2020, this top-line growth was driven by the 43% expansion in non-interest income from N32.7 billion in the prior-year period to N46.6 billion in March 2020. The Bank’s profit before tax also rose 3% from N57.3 billion in the prior-year…

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UBA Delivers Impressive Returns On Investment, As Shareholders Applaud Bank’s Support In Fight Against COVID-19

UBA Delivers

Leading African financial institution, United Bank for Africa Plc (UBA) held its Annual General Meeting virtually by proxy on Wednesday, April 29, 2020 – a first in UBA’s 71-year history. The meeting, which had in attendance shareholders, management, and staff members, together with representatives of relevant regulatory bodies, was held using an Online Meetings Platform, in accordance with Guidelines issued by the Corporate Affairs Commission. Opening the meeting, UBA Group Chairman, Tony O. Elumelu noted this was a very special meeting, held in extraordinary circumstances. It was only right at…

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Polaris Bank Celebrates First Year Of Operation, Declares ₦27.8billion Profit

Polaris Bank

… Capital Adequacy and Liquidity Ratios above regulatory requirements … To reap  benefits of IT investment in 2020 It was cheering news over the weekend as Polaris Bank Limited released its first Audited IFRS 2019 compliant financial result posting a profit before tax of N27.8billion.  The result which posits a compelling narrative in the history of Nigeria’s banking industry followed from the turn-around initiatives undertaken by the leadership of the Bank led by the MD/CEO Mr. Adetokunbo Abiru. According to the Bank’s first full-year financial result released during the weekend,…

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Q1 2020: In Spite Of Business Upsets, UBA Records Impressive N32.7bn Profit

UBA Delivers

Q1 2020: In Spite Of Business Upsets, UBA Records Impressive N32.7bn Profit     Pan African financial institution, United Bank for Africa Group (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2020, showing double-digit improvement across all its major income lines. The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver an impressive 8.5 percent year-on-year growth in profit before tax in the first three months of 2020, to N32.7 billion compared with N30.2 billion…

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