Fidelity Bank reports N30.21bn profit for 2020
Fidelity Bank Plc has reported a profit before tax of N30.21 billion for the 2020 financial year, slightly lower than
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Money
Ecobank’s annual profit falls 58% amid COVID-19
Ecobank Group posted a decline of 58 percent in its profit before tax in 2020, compared to the previous year.
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Stanbic IBTC records 259% increase in annual profit
Stanbic IBTC Holdings Plc posted a profit before tax of N94.72 billion last year, compared to N26.37 billion in 2019.
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Sterling Bank posts 18% profit rise amid COVID-19
Sterling Bank Plc has reported an increase of 18.10 percent in its profit before tax for the 2020 financial year
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Naira falls to 480/$ despite rising forex reserves
The naira extended its decline on Tuesday, falling to 480 against the dollar at the parallel market, despite the rise
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Naira falls to 475/$1 as dollar shortage persists
The naira fell to 475 against the dollar at the parallel market on Monday, paring some of its recent gains,
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Diaspora remittances: Audit IMTOs’ accounts properly, CBN orders banks
The Central Bank of Nigeria said on Friday that Deposit Money Banks must ensure that proper audit of International Money
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Nigeria’s forex reserves hit seven-month low
Nigeria’s foreign exchange reserves have dropped below $35 billion to the lowest level in seven months. The reserves fell to
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Nigerian banks make N401bn from fees, commissions in nine months
Nigerian commercial banks raked in a total of N401.35 billion from fees and commissions charged customers from January to September
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Bad loans in Nigerian banks drop despite COVID-19 crisis
The volume of non-performing loans in the banking sector fell by 3.50 percent to N1.17 trillion in the third quarter
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