Financial Services
Banking, Insurance and general financial services news
Stanbic IBTC observes closed period, as directors set to consider H1 results
The directors will also consider a proposal to pay an interim dividend to shareholders.
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Union Bank announces closed period as it readies to release H1 2020 result
Union Bank reported a profit after tax of N6 billion in Q1 2020.
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CBN gives approval for Stirling Trust to start offering cash-in-transit services
Stirling Trust Company Limited specialises in financial services, investment, logistics & human capital management services.
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Why African Alliance has not released its FY 2019 and Q1 2020 results
The company was originally supposed to release the full-year 2019 financial statements in March this year.
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Cornerstone Insurance’s board will meet July 22nd to consider 2 important issues
Directors typically meet to consider/approve financial statements before they are released.
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Zenith Bank and GTBank are considering paying interim dividends despite COVID-19
Analysts earlier predicted that banks may hold off on dividend payments as a way of cutting down on costs in...
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GTBank declares closed period as directors meet July 22nd to consider H1 result
GTBank reported a net interest income of N64.28 billion in Q1 2020 as against N53.58 billion in Q1 2019.
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CBN imposes fresh CRR debits on banks to the tune of N118 billion
These debits have inevitably tightened liquidity in the banking system and bankers are complaining.
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CBN expands scope of regional banks in Nigeria, gives compliance timeframe
The aim of this directive is to expand the reach of the regional banks across the country, the CBN said.
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Banks’ stakeholders express 4 main concerns bothering the sector right now
Banks are more concerned about the arbitrary nature and lack of understanding of the CRR debits.
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