Banking Archives - Page 7 of 15 - NAIRAMETRICS| COMPANY EARNINGS

Resort Savings & Loans Plc appoints six new directors.

24 August 202124 August 2021 Chidi Emenike Leave a comment

Resort Savings & Loans Plc has announced the appointment of six (6) new Non-Executive Directors into its Board. This is following a unanimous decision reached at a Board meeting earlier convened on 18th of August, 2021.

According to a notice signed by the company’s secretary, Mrs Benedicta Sadare, and sent to the Nigerian Exchange Limited (NGX), the newly appointed Non-Executive Directors are; Mr. Andrew Chikwelu Nweke, Mrs. Kudi Badmus, Mr. Peter Adejoh, Mrs. Abimbola Joy Komolafe, Mr. Anthony Edeh, Mr. Ahmed Dahiru Modibbo.

Profile of newly appointed directors

Andrew Nweke is the Founder and Managing Director of Amborg Global Resources (AGR) Limited, a leading Engineering Company offering Integrated Construction Solutions and related services across Nigeria and Dubai. He has technical expertise in policy development, community development, project management and optimization. He also sits on the Board of several companies such as Norrenberger Securities Limited, Blue Phoenix Marine, etc.

Mrs. Kudi Badmus is a chartered accountant and currently the MD/CEO of Fort Capital Limited. She has occupied several executive and leadership positions and sits on the board of various companies. Her experience spans banking operations, treasury, finance and much more.

Mr. Peter Adejoh is an accomplished entrepreneur with profound knowledge and experience in information technology, banking, project management and consulting. He is currently the Executive Chairman/CEO of Camey & Rock Platform Holdings, a diversified pan-African investment company. He also serves as the Executive Chairman/CEO of Prime Luxury Address Limited, an exclusive real estate development and investment company and Vintage HUbb, where he doubles as both the co-founder and CEO.

Mrs. Abimbola Komolafe is a finance guru with over 30 years of experience in various sectors which include banking, Oil and Gas and consulting. She is a fellow of the Chartered Institute of Bankers of Nigeria (CIBN) and a fellow of the Institute of Chartered Accountants of Nigeria (ICAN). She retired from Shell Petroleum Development Company of Nigeria (SPDC) in 2017, after twenty (20) years of meritorious service. She is currently the MD/CEO of Threshold of Trust Nigeria Limited.

Mr. Tony Edeh is an experienced business leader with competencies in global financial management. He is currently the CEO of Norrenberger Financial Group; a multi-regulated financial services group. Tony previously worked as Executive Director and Chief Investment Officer (CIO) in New Frontiers Developments, a venture capitalist firm.

Mr. Ahmed Modibbo is a lawyer with over 30 years of post-call to bar experience. He has technical expertise in administration, corporate transformation, strategy and corporate governance among others. He is a Non-Executive Director of First Bank Holdings and currently the Managing Director of Highland Disco Acquisition Company Limited.

Access Bank Delays Publication of Audited Half Year Results

19 August 202119 August 2021 Chidi Emenike Leave a comment

The Management of Access Bank Plc has notified stakeholders of its inability to meet up with the regulatory time frame earmarked for the publication of its Audited Financial Statements for the half year period ended 30th of June, 2021.

This is according to a notice signed by the company’s secretary, Sunday Ekwochi, and sent to the Nigerian Exchange Group Limited (NGX).

According to the disclosure, due to ongoing strategic business combinations across jurisdictions and the need to obtain regulatory approval, the release of the Group’s 2021 Audited Interim Financial Statements could be delayed beyond the regulatory due date of 29th of August, 2021.

Consequently, the banking giants expressed optimism that it would publish the results within the extended timeframe. It emphatically stated that it expects to publish the results on or before September 10, 2021.

In addition, the bank reminded insiders that the earlier declared closed period in respect of transaction in the Bank’s securities remains in place until 24 hours after the release of the Results.

JAIZ Bank Director acquires additional shares worth N101.9 million.

18 August 202118 August 2021 Chidi Emenike Leave a comment

JAIZ Bank Plc has notified the Nigerian Exchange Group Limited that Alhaji Aminu Alhassan Dantata, a Non-Executive Director in the bank, has acquired 178,827,232 additional units of its shares, worth ₦101.9 million.

This is contained in a notice signed by the company’s secretary, Rukayat Oziama Dahiru, and forwarded to the Nigerian Exchange Limited (NGX).

According to the disclosure, the transaction which took place on the 19th and 23rd of July, 2021 at the floor of the NGX, saw the director purchased additional 178.83 million shares at a price of 57 kobo per share. This put the total consideration for the shares purchased by the Non-Executive director at ₦101,931,522.24.

It is pertinent to note that the disclosure is in line with The Exchange’s policy on insider dealings. It is imperative because it helps to engender transparency and maintain public trust in the financial system. Trade by insiders, particularly purchases, often demonstrates confidence in the financial performance of the companies that they run.

What you should know:

As at June 2021, Alh. Aminu Alhassan Dantata holds about 1,565,210,516 units of Jaiz Bank shares, translating to about 5.31% of the total shareholding in the bank. The recent addition thereby raises his total shareholdings to 1,744,037,748 units.
Jaiz Bank Plc closed trading today 18th of August, 2021 at 60 kobo/share on the floor of the Nigerian Exchange Limited (NGX).

JAIZ Bank Plc announces notice of board meeting, closed period.

6 August 20216 August 2021 Chidi Emenike Leave a comment

JAIZ Bank Plc has announced that its board of directors would meet on Tuesday, August 24, 2021 to consider among other things, the appointment of new directors into its board.

Consequently, the firm also announced that it would observe its closed period from August 6, 2021 until the outcome of the meeting is published with the Nigerian Exchange Group Limited.

This is according to a disclosure signed by the Bank’s secretary, Rukayat Dahiru and sent to the Nigerian Exchange Group Limited (NGX).

Accordingly, the announcement of a closed period is in line with Rule 17.18(a) (Closed Period Rules) of the NGX’s Rule Book (2015). During this period, individuals with sensitive information about stock performance such as; Directors, managers, employees, consultants and their connected persons, are prohibited from trading in the shares of the bank either directly or indirectly.

What you should know:

JAIZ Bank Plc had earlier posted an impressive half year performance, recording an 83% increase in its profit after tax figures for the period ended June 30, 2021 (HY, 2021). During the aforementioned period, the bank posted a PAT of N1.99 billion.
The bank closed trading for the week ended 6th of August, 2021 with a share price of 62 kobo.

For more information about the board meeting, click HERE.

JAIZ Bank Plc posts profit after tax of N2 billion in half year 2021.

2 August 20212 August 2021 Chidi Emenike Leave a comment

JAIZ Bank Plc released its unaudited financial results for the half year period ended June 30, 2021.

Gross Income for the period was N11.65 billion. (+45.5% YoY)
Fees and commission income of N646.06 million. (-12.2% YoY)
Operating expenses totalled N6.56 billion. (+34.3% YoY)
Profit after tax for the period was N1.999 billion. (+83% YoY)
Earnings per share of 6.78 kobo Vs 3.98 kobo YoY.

See link to results.

Unity Bank grows profit after by 34% to N1.38 billion in Half Year 2021.

30 July 202130 July 2021 Chidi Emenike Leave a comment

Unity Bank Plc released its unaudited financial results for the period ended June 30, 2021.

Net interest income for the period was N9.9 billion. (+9% YoY)
Net fee and commission income of N3.07 billion. (+21% YoY)
Operating expenses totalled N12.42 billion (+16% YoY)
Net loans and advances to customers stood at N246.9 billion. (+22% YTD)
Profit for the period was N1.38 billion.(+34% YoY)
Earnings per share of 11.82 kobo Vs 8.82 kobo

See link to results.

FBN Holdings Plc declares N38.05 billion profit in half year 2021, as earnings per share prints at N1.05

30 July 202130 July 2021 Chidi Emenike Leave a comment

FBN Holdings Plc released its unaudited financial results for the period ended June 30, 2021.

Net interest income after adjusting for loan losses was N79.31 billion. (-21.2% YoY)
Net fee and commission of N57.4 billion. (+22.7% YoY)
Operating profit for the group was N45.4 billion. (+9.3% YoY)
Operating expenses totalled N88.01 billion. (+12.8% YoY)
Profit for the period was N38.05 billion. (-23.1% YoY)
Earnings per share of N1.05 Vs N1.35 YoY