Fidelity Bank grows Profit by 131.5% in FY 2023
Fidelity Bank grows Profit by 131.5% in FY 2023 - Declares a final dividend of 60kobo per share Lagos, Nigeria, April 16, 2024 : Leading financial institution, Fidelity Bank Plc, has released its 2023 full year Audited Financial Statements, reporting a 131.5% growth in Profit Before Tax to N 124,26 billion. According to the results, which was issued to the Nigerian Exchange (NGX) today, the bank grew Gross Earnings by 64.9% YoY to N555.83 billion, driven by 81.6% growth in Net interest income which increased from N152.7billion to N277.37 b…
Stanbic IBTC Capital, Lead Issuing House for Axxela Funding 1 PLC’s ₦16.4b 10-Year Series 1 Fixed Rate Bond
Stanbic IBTC Capital, Lead Issuing House for Axxela Funding 1 PLC’s ₦16.4b 10-Year Series 1 Fixed Rate Bond Axxela Funding 1 PLC (“the Issuer”), a funding vehicle incorporated by Axxela Limited (“Axxela” or the “Company”), sub-Saharan Africa’s leading gas and power portfolio company, has achieved a significant milestone with the successful completion of its ₦16.4 billion Series 1 Fixed Rate Bonds due 2034 (the “Bond Issuance” or the “Transaction”). The Transaction was issued under its newly established ₦50 billion Multi-Instrument Issuance P…
Iran: Biden an ’embarrassment’ to US for urging Israel not to retaliate – ex-Trump aide
Iran: Biden an ’embarrassment’ to US for urging Israel not to retaliate – ex-Trump aide John Bolton, South Korea U.S. President Donald Trump has asked John Bolton, his national security adviser, to resign, citing strong differences of opinion. National Security Adviser, under President Donald Trump, John Bolton says the “wide range” of possible deterrents he believes Israel has to attack Iran, and why he says he would call the President an embarrassment to the US. Recall President Joe Biden warned Prime Minister Benjamin Netanyahu that the U.…
ZENITH BANKS ENDS 2023 ON A HIGH WITH REMARKABLE TRIPLE-DIGIT TOPLINE AND BOTTOM-LINE GROWTH
ZENITH BANKS ENDS 2023 ON A HIGH WITH REMARKABLE TRIPLE-DIGIT TOPLINE AND BOTTOM-LINE GROWTH Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023. According to the audited financial results for the 2023 financial year presented to the Nigerian Exchange (NGX), this impressive triple-digit growth in gross earnings resulted in a Year-on-Year (YoY) increase of 180% in Profit…
Yankassai, others advise Tinubu to promote inclusion
Yankassai, others advise Tinubu to promote inclusion Some eminent Nigerians have called on President Bola Tinubu to prioritise inclusive governance to tackle the challenges facing the country. Tinubu succeeded Muhammadu Buhari whose eight years of administration were characterised by allegations of nepotism in the distribution of democratic dividends by political commentators and civil society organisations. Speaking with Sunday PUNCH in Abuja on Friday, an elder statesman, Tanko Yakassai, said, “The country is united. Anyone who says this co…
*Primate Ayodele: The Only Man Of God That Foretold Earthquake Incident In USA (VIDEO)*
*Primate Ayodele: The Only Man Of God That Foretold Earthquake Incident In USA (VIDEO)* Primate Ayodele’s prophetic ministry can be best described as ‘outstanding’; his prophecies are always different from others and they come to pass in an extraordinary manner. While other prophets ‘fight’ to get credited for prophesying an event, Primate Ayodele doesn’t bother to even celebrate the fulfillment of his prophecies because nobody does it like him and no prophet has been able to delve into his style of prophecy. Primate Ayodele prophesies ab…
Abbey Mortgage Bank Donates 400 Food Packs To Kuramo Community
Abbey Mortgage Bank Donates 400 Food Packs To Kuramo Community As part of its ongoing commitment to eliminate hunger among vulnerable persons in the society, Abbey Mortgage Bank, a leading primary mortgage bank in Nigeria, has distributed over 400 food packs to Kuramo community in Victoria Island, Lagos State. The donation is an initiative under the bank’s Corporate Social Responsibility Initiative tagged "Nourishing Communities” created to reach out to vulnerable persons and reduce the effect of hunger and poverty in the society. Speak…
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