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FBN Holdings Plc holds 11th annual general meeting, reassures shareholders of sustained improvements, dividends (Photos)

FBN Holdings Plc holds 11th annual general meeting, reassures shareholders of sustained improvements, dividends (Photos)
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ROUNDUP: Some shareholders have a score to settle with Aso Savings & Loans over alleged asset stripping

There was drama at Aso Savings & Loans Plc last week after some minority shareholders accused the company of corporate governance breaches.

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UPDATE: Scarcity of Naira easing as banks comply with CBN s new directives

Confirming this development, Head of Equity Research, FBNQuest Capital Limited, Tunde Abioye, said: “I believe commercial banks’ e-banking income for banks should be robust in Q1 due to the surge in electronic transfers following the cash scarcity. “Also, I assume that banks are generating some income from the free float that they are currently enjoying…

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Otedola, Adenuga, Hassan-Odukales, Otudeko in Battle to Control First Bank

Otedola, Adenuga, Hassan-Odukales, Otudeko in Battle to Control First Bank
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Femi otedolaOtedola olufemi peterOba otudekoEfe ebeloFestus akanbiOsita nwanisobiOye hassan odukaleMike adenugaLeadway pensureTunde hassan odukaleFbnquest fundsFirst bank holdingsLeadway holdingsLeadway capital trust ltdFinancial derivativesFirst bank

Market infractions: CBN, SEC fine 10 banks N2 5bn

Punch Newspapers Sections Published 5:05 am Three financial services regulators in the country have sanctioned 10 of the nation’s lenders to the tune of N2.5bn for committing various market infractions, findings by Sunday PUNCH have shown. Specifically, the Central Bank of Nigeria, Securities and Exchange Commission and Financial Reporting Council of Nigeria have sanctioned Guaranty Trust Bank Plc, Zenith Bank Plc, Access Bank Plc, FBN Holdings Plc, FCMB Group and five others for diverse market infractions. The financial violations range from non-compliance with anti-money laundering procedures, non-compliance with ATM installation procedures, the opening of foreign branches without regulatory approval, and improper handling of customers’ accounts, among others.

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