FBNQuest holds 5th yearly General Meeting, reports ₦4.2 billion PBT
FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, has declared a profit before tax (PBT) of ₦4.15billionfor the year ended 31st December 2019. This represents a 48 percent increase from the₦2.8 billion recorded in the previous year, as reported by the Chairman of the Board of Directors,Mallam Bello Maccido,at […]
RECOVERED AMOUNTS FROM NIGERIAN BANKS
The sum of N8,461.9 billion was retained in the Federation Account, representing an increase of 45.1 per cent above the level in 2017, after an aggregate statutory deduction of N1,089.7 billion from both oil and non-oil revenue. Of this amount, N1,053.7 billion, N395.2 billion, and N378.0 billion were transferred to the VAT Pool Account, […]