Wednesday, September 19, 2018

Tag "First City Monument Bank"

    FCMB steps up profit despite tight revenue

FCMB steps up profit despite tight revenue

First City Monument Bank grew profit by 90% at the end of the second quarter, accelerating from 64% in the first quarter.The performance is despite a continuing weakness in revenue with a slowdown from an increase of about 10% in the first quarter to 8% in the second. The drag is coming from other operating income, which has [...]

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    MTN takes N200bn loan from 12 Nigerian banks

MTN takes N200bn loan from 12 Nigerian banks

MTN Nigeria has signed an N200 billion medium-term loan agreement with 12 Nigerian banks.FBN Quest is the facility agent of the loan deal which was signed on Wednesday.According to the company, the loan is to help fund its service expansion plans to underserved and unserved parts of the country.The banks which signed the loan are Citibank Nigeria Limited, Diamond Bank [...]

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    NSE fines seven banks for delayed financial results

NSE fines seven banks for delayed financial results

The Nigerian Stock Exchange has fined seven financial institutions for not filing their financial results before the regulatory due date.According to the listing rules provided by the stock exchange, companies are expected to submit their financial year-end result latest by 90 days after the end of each year.Quarterly results are also expected to be submitted at most 60 days after [...]

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Exchange Rates

September 18, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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