archiveMay 8, 2016

As part of its drive to partner with stakeholders in the growth of the nation’s economy both at the state and national levels, Sterling Bank has announced its sponsorship of the third edition of the Ogun State Investment Forum. The theme of the two day event starting on May 9,...

Shareholders of Fidelity Bank Plc have approved 16 kobo per share dividend totally N4.6 billion for its financial year ended December 31, 2015. With this, the bank has maintained a tradition of consistent dividend pay-out for the past 10 years. Speaking at the Bank’s Annual General Meeting (AGM) held in...

The Nigerian National Petroleum Corporation (NNPC) said it recorded a loss of N18.89 billion in the month of March, 2016, even as it pointed out that the loss was an improvement on a deficit of N24.23 billion recorded in February. The agency which made the disclosure in its monthly financial...

As the Monetary Policy Committee (MPC) set to meet between 23 and 24 May, 2016, it has been urged to set a policy that would stabilise and protect the country’s currency from devaluation. In a statement in Lagos at the weekend, an economist, Dr Ayo Teriba is of the view...

By our Correspondent Nine Money Deposit Banks in the country provide N191.47 billion loan impairment charges for the financial year ended December 31, 2015 The same banks loan impairment charges up by nearly 80 per cent from N106.6 billion provision in 2014, an indication of Nigeria banks prudent loan portfolio...