Banking

Onome Amuge FCMB Group Plc has reported an increase in profit after tax to N32.2 billion for the first quarter of 2025, an 11.8 per cent increase from the N28.8 billion recorded in the corresponding period last year. The results, detailed in the bank’s unaudited financial statement, underscore solid growth in interest income and improved […]

Onome Amuge Ecobank Transnational Incorporated (ETI), the parent company of the pan-African Ecobank Group, has reported a 17 per cent year-on-year increase in profit before tax to $175 million for the first quarter of 2025, benefiting from favourable currency translation effects. The unaudited financial statement released recently showed gross earnings rising by two per cent […]

Bamidele Famoofo First Holdco Plc, formerly FBN Holdings, one of Nigeria’s foremost financial groups, has reported about 18 per cent in net profit for the first quarter ended March 31, 2025. Despite a sharp moderation in the group tax expenses, profit fell by 17.9 per cent year on year to N167.4 billion from N208.3 billion […]

Onome Amuge Zenith Bank Plc shareholders have approved a final dividend payment of N4.00 per share at the bank’s 34th Annual General Meeting (AGM) held recently in Lagos. This brings the total dividend for the 2024 financial year to N5.00 per share, amounting to a total payout of N195.67 billion. Jim Ovia, the founder and […]

Onome Amuge First Bank of Nigeria Limited and Ecobank have been shortlisted for the Bank of the Year award as African Banker magazine announced the nominees for its 2025 edition. The awards, now a key fixture on the African banking calendar, recognise and celebrate the advancements made by financial institutions across the continent, with a […]

Onome Amuge L – R: Catherine Echeozo, non-executive director; Segun Agbaje, group CEO; Hezekiah Oyinlola, chairman; Erhi Obebeduo, general counsel/company secretary and Adebanji Adeniyi, executive director all of Guaranty Trust Bank (GTCO) Plc during the company’s Annual General Meeting held recently in Lagos. Shareholders of Guaranty Trust Holding Company (GTCO) Plc have approved a total […]

Shareholders approve N3.00/share dividend Onome Amuge Tony Elumelu, chairman, UBA United Bank for Africa (UBA) Plc has announced a significant strengthening of its capital base, reaching N355.2 billion, as the pan-African lender progresses towards meeting the Central Bank of Nigeria’s (CBN) newly mandated N500 billion minimum capital requirement for commercial banks with international authorisation. Group […]

Onome Amuge Nigerian financial services group, Access Holdings, concluded 2024 with a strong financial performance, capitalising on income generated from lending and strategic investment activities amidst the country’s elevated interest rate environment. This is as the group reported a 3.69 per cent year-on-year increase in after-tax profit to N642.2 billion for the full year ending […]

Onome Amuge Access Bank, Nigeria’s largest lender by assets, has completed the acquisition of 100 per cent of National Bank of Kenya Limited (NBK) from KCB Group PLC (KCB.NR), further solidifying its footprint in the East African banking sector.   The transaction, announced by the Central Bank of Kenya (CBK), follows regulatory approvals granted earlier this […]