Despite COVID-19 Headwinds, 11 Banks' Profits Rise to N941bn Obinna Chima Despite the disruptive impact of COVID-19 last year, the full-year financial results of 11 commercial banks for the period ended December 31, 2020, have shown that their combined profit after tax (PAT)
for the period under review stood at N941.063 billion, higher than the N917.764 billion they recorded the previous year. The banks are Access Bank Plc, Fidelity Bank Plc, FCMB, FBN Holdings, Guaranty Trust Bank Plc, Union Bank
of Nigeria Plc, United Bank for Africa Plc, Zenith Bank Plc, Stanbic IBTC, Sterling Bank Plc and Ecobank Trans National Incorporated. THISDAY compiled the results from their respective nine-month reports for the period, which the banks
presented to the Nigerian Stock Exchange (NSE). However, they recorded a combined profit before tax (PBT) of N1.085 trillion, lower than the N1.097 trillion they realised in 2019. The financial statements showed that in the period
under review, while Access Bank Plc recorded profit after tax of N106 billion, compared with the N94 billion recorded in 2019, the bank’s PBT in 2020 stood at N125.922, up from the N111.925 billion it realised in 2019. FBN Holdings Plc reported
a PAT of N89.7 billion in 2020, higher than the N73.7 billion it made in 2019; but the holding company’s PBT stood at N83.7 billion in 2020, higher than the N75.3 billion it achieved in 2019. Continued on page 8
Controversy Trails Olu of Warri’s Demise's Announcement, Successor’s Appointment... Page 6 Tuesday 6 April, 2021 Vol 26. No 9494. Price: N250
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ABUJA 25°C-33°C
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Buhari Orders Manhunt for Attackers of Imo Police HQ, Custodial Centre Directs arrest of fleeing 1,844 inmates Says incident act of terrorism IG blames IPOB’s ESN for assault Uzodimma calls for investigation Ikpeazu imposes curfew on Umuahia, Aba Deji Elumoye, Kingsley Nwezeh in Abuja and Amby Uneze in Owerri President Muhammadu Buhari has directed all security and intelligence agencies to ensure the arrest and prosecution of all those behind yesterday's dawn
attacks on both the Imo State Police Command Headquarters and the correctional facility in Owerri. Buhari, in a statement by his media aide, Mallam Garba Shehu, described the attacks Continued on page 8
NAF Intensifies Search for Missing Aircraft Kingsley Nwezeh in Abuja The Nigerian Air Force (NAF) said yesterday that it would continue the search for the missing fighter jet that disappeared last week in Borno State. The fighter jet lost contact with radar shortly after takeoff while on an interdiction mission in the North-east. The Chief of Air Staff, Air Marshal Oladayo Amao,
immediately flew into Maiduguri, the Borno State capital to coordinate search and rescue operations. The Nigerian Air Force later confirmed that the missing fighter jet might have crashed in the North-east. An earlier statement issued by its spokesman, Air Commodore Edward Gabkwet, cited an intelligence Continued on page 8
ASSESSING IMPACT OF VIOLENCE… L-R: Enugu State Governor, Hon Ifeanyi Ugwuanyi; Vice President Yemi Osinbajo (SAN); and Ebonyi State Governor, Chief Dave Umahi, during an assessment of areas attacked by suspected herders in Abakaliki...yesterday
Kaduna Govt Reports Recovery of Five Abducted Students... Page 5