Merchant bank records N35.5 billion gross earnings

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 94%

Fbnquest Merchant Bank News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

FBNQuest Merchant Bank has reported a 43.1 per cent financial growth in gross earnings, totalling N35.5 billion for the 2023 financial year.

Despite navigating a complex economic landscape marked by policy shifts and market volatility, the bank’s profit before tax climbed to N4.09 billion, a 36 per cent rise from the previous year.

During the annual report presentation at the yearly general meeting, which reviewed the year ended December 31, 2023, the Chairman of the Board of Directors, Bello Maccido, praised the bank’s strategic response to the year’s unprecedented challenges. “We are dedicated to purposefully and responsibly driving revenue growth. Our solid financial performance and strategic initiatives position us well for sustained success in a dynamic economic environment,” he concluded.

They also recognised the retirement of Kayode Akinkugbe and Taiwo Okeowo, as Managing Director and Deputy Managing Director, respectively, after eight years of service each.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.

Worried by the yawning gaps in requisite skills across all facets of the local air transport sector, the Aviation Safety Round Table Initiative , has laid a management plan through scalable skills acquisition, with technical, operational... AXA Mansard Insurance has revealed plans to pay back 100 per cent of the sum insured to policyholders at the end of tenure if the policyholder is still alive.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines