First Bank of Nigeria plc.

First Bank of Nigeria Plc has released its audited full year results for the period ended 31 March 2008 to the floors of the Nigerian Stock Exchange. The results which seems impressive showed that the company was able to increase its turnover by 500.74 percent from N25.850 billion recorded in the same period in 2007 to N155.290 billion in 2008. Profit before tax grew by 84.49 percent from N25.850 billion in 2007 to N47.690 billion in 2008. After tax profit also moved from N20.640 billion in 2007 to N36.540 billion in 2008 signifying a 77.03 percent increase.
The Bank which has grown over the years to become one of the biggest banks in Nigeria is proposing to reward its shareholders with a bumper harvest to comprise of a dividend payout of N1.20 kobo and a bonus of 1for 4. The closure date is August 8, 2008 and payment date is August 29, 2008.

United Bank for Africa Plc.

United Bank for Africa Plc also made available its financial results for the third quarter ended 30 June 2008 to dealing members of the Nigerian Stock Exchange. In the results turnover experienced a growth of 59.80 percent from N75.250 billion recorded in the same period in 2007 to N120.250 billion in 2008. Profit before tax rose from N19.690 billion in 2007 to N33.140 billion in 2008 indicating an increase of 68.97 percent. After tax profit also increased by 68.42 percent from N17.130 billion in 2007 to N28.850 billion in 2008.

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