Unity Bank Grows Gross Earnings to N27.5 Billion in H1’2023
Unity Bank Grows Gross Earnings to N27.5 Billion in H1’2023 LAGOS.08.09.23. Retail lender, Unity Bank Plc grew its deposits to N333.38 billion, representing a marginal increase of 2% compared to N327.42 billion recorded in H1’22 in its Half-Year unaudited financial statement submitted to the Nigeria Exchange Group Limited. The growth in deposits demonstrates incremental gains by the lender from its commitment to deepening its retail footprint through a well-diversified banking product suites that caters to different segments of the retail ma…
Unity Bank Donates N10 Million to Fiditi National Open University
Unity Bank Donates N10 Million to Fiditi National Open University LAGOS.09.09.23 . As part of its corporate social responsibility and commitment to promoting the development of the education sector in Nigeria, Unity Bank Plc has donated N10 million to Fiditi National Open University in Oyo Sate, Southwest Nigeria. CAPTION: From Right: Managing Director/CEO of Unity Bank Plc, Mrs Oluwatomi Somefun; Regional Manager, Unity Bank, Mr Segun Olarenwaju presenting cheque to the Onifiditi of Fiditi, Oba Sakiru Oyewole Adekola-Oyelere, Ajani-Eedu …
FBNHoldings Wows the Market with 2023 H1 Earnings Blowout
FBNHoldings Wows the Market with 2023 H1 Earnings Blowout FBNHoldings (FBNH), the parent company of Nigeria’s pioneer Bank, First Bank of Nigeria Limited published stellar results, confounding analysts, and exciting investors. Equally as amazing as the spectacular results, which saw earnings per share surge by 234% to N5.19 was the fact that the banking behemoth was able to eke out this profit in a financially hostile policy environment where bank earnings have been squeezed. The Bank’s holding company has also been a subject of shareholde…
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“Don’t Pick Passengers On Lagos-Abeokuta Expressway” – FRSC Issues Serious Warning To Drivers
“Don’t Pick Passengers On Lagos-Abeokuta Expressway” – FRSC Issues Serious Warning To Drivers The Federal Road Safety Commission has issued a serious warning to drivers not to pick passengers on the Lagos-Abeokuta expressway. The News Agency of Nigeria reports that the Ifo command of Federal Road Safety Commission (FRSC) in Ogun has warned that commercial drivers who pick passengers on the Lagos-Abeokuta highway risk being crushed by articulated vehicles. Mr Joshua Ibitomi, the Ifo Unit Commander of FRSC, gave the warning on Wednesday in an in…
Dangote’s 50kg Cement costs between N4,000 to N4,600, while Cement sells at an average price of N6,216 in Benin despite govt’s regulation
Dangote’s 50kg Cement costs between N4,000 to N4,600, while Cement sells at an average price of N6,216 in Benin despite govt’s regulation The allegation that went viral on the social media last week that Dangote Cement Plc was selling a bag of 50kg cement to Nigerians at an exploitative rate of N5,200 while it sells the same quantity of cement at N1,500 in the Republic of Benin was not true. THISDAY’s investigation in Cotonou at the weekend, revealed that Dangote Cement was not on sale in Cotonou or anywhere in Republic of Benin. While Da…
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Fidelity records PBT of N76.3bn for H1 2023
Fidelity records PBT of N76.3bn for H1 2023 ……Declares interim dividend of 25 kobo Per Share Lagos, Nigeria, September 3, 2023: Leading financial institution, Fidelity Bank Plc has recorded an impressive 204.4% growth in Profit Before Tax for the first half of 2023 to N76.3bn according to the bank’s recently issued financial result. A review of the results published on the Nigerian Exchange Group (NGX) on Friday, 1 September 2023, showed a positive performance across all financial indices, reaffirming the Bank’s position as one of the fast…
Tax: Govt earns N412.9bn from Dangote Cement in 3 years Tax: Dangote Cement Remits N412.9bn to Govt in 3 years
Tax: Govt earns N412.9bn from Dangote Cement in 3 years Tax: Dangote Cement Remits N412.9bn to Govt in 3 years Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL), paid a total of N412.9 billion into the coffers of the Federal Government as tax for 3 consecutive years. A total of N97.24 billion was paid by Dangote Cement in 2020, N173.93 billion in 2021 and N141.69 billion in 2022. This huge tax payment from only one of the conglomerate’s subsidiaries, re-affirms Aliko Dangote’s position that prompt and accurate tax pay…
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