Retail lender Unity Bank Plc has projected a profit after tax of N5.2 billion in the third quarter of the year.
This was contained in its earnings forecast released to the Nigerian Exchange Ltd. on Monday. The lender projected a pre-tax profit of N5.7 billion while targeting a turnover of N26.93 billion in gross…
Meanwhile, the bank’s improved projected cash from financing activities and the expected increase in cash and cash equivalents highlight the lender’s strong liquidity position, critical for sustaining current and future business operations. President Bola Tinubu has approved the appointment of DIG Hashimu Argungu as the Chairman of the Police Service Commission . Tinubu’s official spokesperson, Ajuri Ngelale, made the announcement in a statement on Monday. Ngelale also disclosed that the President has approved the appointment of Chief Onyemuche Nnamani and DIG Taiwo Lakanu as secretary…
The Federation Accounts Allocation Committee has shared a total sum of N1.143.210 trillion between the Federal Government, State, and Local Government Councils in the country from May 2024 Federation Accounts Revenue. The revenue was shared at the June 2024 FAAC meeting, chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale…
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CBN denies planning to revoke licences of Unity Bank, Polaris Bank, KeystoneThe Central Bank of Nigeria (CBN) says it has no plans to revoke the banking licences of Unity, Polaris, and Keystone banks.
Read more »
CBN denies alleged plans to revoke licences of Unity, Polaris, Keystone banksThe Central Bank of Nigeria (CBN) has denied reports that it is set to revoke the licenses of Unity Bank, Keystone Bank, and Polaris Bank.
Read more »
EXPLAINER: Heritage Bank's licence revoked — what happens to depositors, shareholders?On June 4, the Central Bank of Nigeria (CBN) revoked the banking licence of Heritage Bank Plc, raising curious questions about how depositors will retrieve their funds from the bank.
Read more »
Heritage Bank shutdown: Badly run bank shouldn't have lifetime guarantee, says MoghaluKingsley Moghalu, a former CBN deputy governor, says the revocation of Heritage Bank's licence should not raise concern.
Read more »
Zenith Bank retains ‘Most Sustainable Bank’ awardThe Nation Newspaper Zenith Bank retains ‘Most Sustainable Bank’ award
Read more »
Sixxco oil wins coveted 11 Plc award for excellenceRenowned oil distribution company, Sixxco Oil Limited, has announced that it has been honoured with the prestigious 11Plc Award for Excellence in Business Alignment and Organisational Structure for 2023, saying it is a milestone achievement.
Read more »