Zenith Bank Plc, Access Bank Plc and FBN Holdings Plc contributed 51.66 per cent and 51.85 per cent to the total equity turnover volume and value, respectively at the end of trading on the Nigerian Stock Exchange last week. Trading in the three equities accounted for 557.380 million shares (when measured by volume) worth ₦9.434 […]
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The Nigerian Stock Exchange has sanctioned eight banks with fines totalling ₦102.7 million for failing to file their financial statements at the regulatory date. The Exchange launched its new sanction regime for the delay in submission of companies’ results on January 1, 2018, saying companies might pay fines ranging from ₦100, 000 to more than […]
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Nigeria’s foremost banking institution, First Bank of Nigria Holdings Plc, has lately been emeshed in controversy bothering on lack of trust of its stakeholders, particularly its shareholders, following its failure as a publicly quoted entity, to disclose how it has handled the issue of of its bad debts. The banking institution, was particularly berated for […]
Read More Investors on the Nigerian Stock Exchange (NSE), yesterday failed to embrace the shares of FBN Holding Plc, despite the firm’s announcement of its year ended December 31 2017 annual accounts indicating a 25 kobo per share dividend payout to shareholders along improved performance recorded in all indicators by the group, as its share price went […]
Read More FBN Holdings Plc, Diamond Bank Plc, Linkage Assurance Plc and International Breweries Plc on Wednesday gave the reasons for the delay in filing their annual financial statements with the Nigerian Stock Exchange. The companies informed stakeholders that they were not able to file their 2017 audited financial statements by March 31, 2018 as required under […]
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First Bank Holdings has recorded an impressive result for the third quarter ended Sept. 30, 2017 as its profit increased to ₦16.07 billion representing 141.29 per cent. The company’s third quarter financial result was released by the Nigerian Stock Exchange (NSE) on Thursday. The result showed that the company’s Profit Before Tax increased by 71.22 […]
Read More Report according to the investment and research arm of FBN Holdings showed that the Investors’ and Exporters’ (I&E) Forex Window has attracted $11.2 billion as at September 15. The foreign exchange reserves which currently stand at $33 billion is expected to cover 8.1 months imports, when imports of services are added, it said. The research […]
Read More Financial performance of FBN Holdings Plc tumbled in the half year ended June 30, 2017 hammered by more than ₦491 billion Non-Performing Loans (NPLs) and ₦62.4 billion impairment charge for credit losses. This implies that over ₦100 billion that otherwise would have accrued to shareholders in profits was lost in the course of the year. […]
Read More FBN Holdings Plc has disclosed it plans to reduce its non-performing loans (NPL) to less than 20 per cent before the year ends. According to Mr. Urum Kalu Eke, its managing director, who disclosed this at the company’s Facts Behind the Figures at the Nigerian Stock Exchange (NSE) last week in Lagos, the company’s NPL […]
Read More Foremost Nigeria’s financial institution, First Bank of Nigeria Holdings (FBNHoldings) or the “Group”) has recorded a gross earnings of ₦581.8 billion for its year ended 31 December 2016 activities. The institution’s audited results for the period released to investors via the Nigerian Stock Exchange showed a gross earnings of ₦581.8billion, up 15.7 per cent year-on-year […]
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First Bank Nigeria Holdings Plc, parents of First Bank Nigeria has posted gross earnings of N581.8 billion in its audited results for the 2016 fiscal year, where its earnings were up by 15 per cent. The results showed the gross earnings leapt from N502.7 billion recorded in 2015. The Group reported operating expenses of N220.9 billion, […]
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