First Bank named Nigeria’s strongest brand in 2026 by Brand Finance
First Bank, West Africa’s premier financial institution and financial inclusion service provider, has been recognised as the strongest brand in Nigeria in the “Nigeria 25 2026” ranking by Brand Finance, a leading independent brand valuation and strategy consultancy. The Bank achieved an AAA+ rating, the highest possible distinction, underscoring its unmatched brand strength and leadership […]
Stock market Year to Date return lower to -1.61%
THE equity trading on the Nigerian Stock Exchange, NSE, showed that the equities market fell Week-on-Week (W-o-W) as the NSE All Share Index, ASI dipped by 1.7 percent, dragging the Year to Date, YtD return lower to -1.61 percent, on renewed profit taking activities and weak demand despite the kick off of the Pension multi-fund structure in the week. There were twenty-seven (27) gainers and forty-three (43) losers last week.
11Plc shareholders get 800k dividend
SHAREHOLDERS of 11PLC (formerly Mobil Oil Nigeria Plc) have approved N2.6billion for payment as dividend translating to 800 kobo per share for its shareholders for the financial year ended December 31, 2017. However, the company‘s profit dropped marginally by 1.4 percent to N15.3 billion in 2017 from N15.5billion posted in 2016. However, financial sales revenue grew significantly to N125.26 billion in 2017, up by 33 percent from N94.11 billion recorded in 2016.
11 banks net N143bn from accounts maintenance charges
CUSTOMERS of eleven banks have paid N143 billion as Account Maintenance Fee, AMF, since 2016 when it was introduced by commercial banks.
Cadbury outlines measures to sustain profitability in 2018
CADBURY Nigeria Plc has listed the major areas of concentration for the Board and management that will help the company in its drive to sustain the growth achieved in 2017 after a rebound to profitability from the 2016 losses.
FBNQuest boosts LBS finance faculty with Bloomberg Room
FBNQuest Merchant Bank, a subsidiary of First Bank of Nigeria, FBN Holdings Plc, has improved the Finance Faculties in Lagos Business School, LBS, and its Library Community with the creation of a 12 terminal Bloomberg Room.
