Sunday, September 15, 2019
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Access Bank declares N74.1bn profit in six months


Access Bank Group’s audited first half results released on the floor of Nigerian Stock Exchange (NSE), Thursday showed gross earnings of N324.4 billion, up 28 per cent from N253.0 billion in the corresponding period of 2018.

Money Deposit Banks expand expands loan portfolios

Efforts by Central Bank of Nigeria (CBN) to encourage Deposit  Money Banks (DMBs) to increase their lending capacity to customers appear tom be yielding the desired dividends as nine of the nation’s banks are reported to have boosted their loan books in the first half of 2019 with credit to customers rising from its pre-first half position of N952billion to N8.59trillion.

Fidelity Bank excites shareholders with N15bn half year profit

​ COMFORT EKELEME,Asst Business Editor ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Shareholders of Fidelity Bank Plc has described the bank as a strategic financial institution which is committed to impact in the Nigerian economy.


As part of efforts to encourage entrepreneurship in the country, the Bank of Industry (BoI) has earmarked N250million to the University of Lagos (UNILAG) Centre for Entrepreneurship.

Non Performing Loans: CBN tightens the noose on bank borrowers

…Says LDR directive ‘ll free N1trn for loans


To further trigger growth in the nation’s economy, the Central Bank of Nigeria (CBN) Monday unveiled new initiatives towards reducing the level of Non Performing Loans (NPL) in the nation’s banking industry. CBN said that the move was to stimulate growth in the nation’s economy.

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