August 16th, 201701049Guaranty Trust Bank Plc on Tuesday released its audited financial statement for the half year ended June 30, 2017, declaring a profit before tax of N101.1 billion.
Reports show that the audited financial statement contained in the company’s half year result, was released by the Nigerian Stock Exchange (NSE).
The report showed...
August 16th, 20170975The Central Bank of Nigeria (CBN) has intervened in the Inter-Bank market to the tune of 364 million dollars to sustain liquidity in the Foreign Exchange (Forex) Market.
Mr Isaac Okorafor, the Acting Director of Corporate Communications Department, CBN said this in a statement on Tuesday in Abuja.
Okorafor said the Retail Secondary...
Nigerian banking industry recorded a decline in the rate of successful fraud incidences and extent of amount in losses in 2016, compared with 2015.
NDIC managing director/chief executive, Umaru Ibrahim, made this disclosure while delivering a lecture: “The Role of NDIC in Mitigating Corruption in the Nigerian Banks” at the general...Power
Ministry of Power, Works and Housing has through negotiations and compromise saved the Federal Government a sum of N119 billion resulting from a judgment entered against it over a litigation from a metering contract awarded by the previous administration in 2003.
Babatunde Fashola, minister of power, works and housing, made this...