Month: July 2020

Jaiz Bank grows half year profit by 44%

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  Jaiz Bank Plc, Nigeria’s premier non-interest (Islamic) bank, has recorded an increased profit from N814.3 million in half year 2019 to N1.171 billion 2020, signifying 43.87 percent increase. The bank’s latest finance position is contained in its half year result ended June 30, 2020 and submitted to the Nigerian Stock Exchange (NSE). The N1.171 billion signifies 43.87 per cent increase while its balance sheet size increased by 11.57 per cent from ₦167.273 billion as of December 31, 2019 to ₦186.625 billion June 30, 2020. It recorded total income growth…

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Awareness: Insurance brokers to visit Presidency

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  The Nigerian Council of Registered Insurance Brokers (NCRIB) said plans were in top gear for its President, Dr. (Mrs) Bola Onigbogi, to visit President Muhammadu Buhari as part of sensitization programme to deepen insurance in the country. The Executive Secretary of the Council, Mr. Fatai Adegbenro, made the disclosure while speaking to members of the National Association of Insurance and Pension Correspondents (NAIPCO) shortly after their 2020 Annual General Meeting (AGM) yesterday in Lagos. He said the planned visit to the Presidency was aimed at sensitizing the government on…

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NSE extends weekly gains by 1.09%

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Transaction activities last week closed positive, extending weekly gains as the NSE All-Share Index and Market Capitalisation both appreciated by 1.09 per cent to close the week at 24,693.73 and N12.882 trillion respectively. All other indices finished higher with the exception of NSE ASeM, NSE Consumer Goods and NSE Oil/Gas indices, which depreciated by 0.06 per cent, 0.44 per cent and 6.51 per cent respectively It was a brief trading week as the market opened for three days in observance of the public holidays declared by the Federal Government of…

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FBNQuest unveils new internet banking platform

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  FBNQuest Merchant Bank, the investment banking and asset management business of FBN Holdings Plc, has announced the launch of a new corporate internet banking platform, which offers an upgraded user interface with enhanced convenience for transactions. According to a statement from the company, the platform is a payment processing solution for corporate banking clients that provide online real-time account access for balance and transaction monitoring, investing, fund transfers, bulk payments such as salaries or payments to third parties, and other self-service requests, conveniently and securely. An innovative internet banking…

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