Browsing: Banks

Goosh! It is school fees, again

Fidelity Bank Plc on Thursday announced gross earnings of N48.4 billion for the first quarter of the financial year 2019. According to the report, the gross earnings represented a growth of 11.8 per cent when compared with N43.3 billion achieved in the comparative period of 2018.

On the back of non-remittance infractions by banks, the lawmakers have initiated move to probe banks, and its regulatory arm, the Central Bank of Nigeria. As a result registered alleged failure in remittance of stamp duties collected, Stakeholders have asked the government to remove the burden the stamp duties places on banking transactions.

The past doesn’t define Union Bank Plc anymore but the road to the future is rocky.