FCMB declares N14.2bn profit, 315% retail growth in Q3

FCMB Group Plc has reported a profit before tax, PBT, of N14.2 billion for the nine-months ended September 30, 2016. This represents an impressive increase of 453 per cent from N2.563 billion recorded in the comparative period of 2015. FCMB Group Plc, the holding firm with subsidiaries including First City Monument Bank (FCMB) Limited, FCMB Capital Markets Limited, CSL Stockbrokers Limited and CSL Trustees Limited, attributed the result achieved partially to its soundness of ratios, steady buffers against the subsisting adverse operating environment, in addition to the bank’s sustained revenue momentum combined with its cost optimization parogramme.
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Buhari congratulates Akeredolu, Ondo Governor-Elect

President Muhammadu Buhari has congratulated the Governor-Elect of Ondo State, Chief Oluwarotimi Akeredolu (SAN) of the All Progressives Congress (APC) on his victory in the Saturday, November 26 governorship election in the state.

The Igbos will continue to remain as one- Ezeemo

“The Igbos are everywhere and people always feel the presence of the Igbo man wherever he is. In the rural areas, we are predominantly farmers; in towns and cities, we are the great industrialists, the businessmen and the ones attracting great development. The Igbos are one in all parts of the world and we will continue to remain as one”,

MTN’s CCI debacle: Operators blame CBN,other regulators

Operators in the financial industry have blamed the Central Bank of Nigeria, CBN, Nigerian Investment Promotion Council,NIPC ,Nigerian Communication Commission, NCC and other regulators who are suppose to issue clearance and supervise MTN Nigeria on the controversial Certificate of Capital Importation, CCI after the authorities were dully notified of capital import.

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