FCMB emerge as best SME Bank in Africa, Nigeria

Nigeria’s leading lender, First City Monument Bank (FCMB), has emerged as Best SME Bank in Africa and Best SME Bank in Nigeria at the Asian Banker Middle East and Africa...

Ecobank Super Reward Scheme is to deepen savings, celebrate, assist customers’ businesses – MD/CEO  

Managing Director/Regional Executive, Ecobank Nigeria Ltd, Patrick Akinwuntan has said the bank initiated Super Reward Scheme to deepen savings amongst Nigerians, reward and assist customers’ businesses....

eNaira to complement not replace paper money, coins—CBN

Central Bank of Nigeria CBN has said that its Digital Currency, is designed to complement rather than replace the existing paper money and coins currently in...

Afreximbank records solid financial performance, in first half of 2021

African Export-Import Bank (Afreximbank) has released its audited financial statements for the six months ended 30 June 2021, showinga solid performance, in line with expectations. The...

CBN takes on Senate over alleged un-remitted operational surpluses, 80% surpluses remitted yearly 

Central Bank of Nigeria, CBN has taken on the Senate over allegation of un-remitted 80 per cent of operational surpluses into the Consolidated Revenue Fund ( CRF)...

PenCom to commence online verification, enrollment for 2021 retirees

National Pension Commission (PenCom) is set to commence online verification and enrollment for its 2021 retirees and prospective retirees of Federal Government Treasury-Funded Ministries, Departments and...

Afreximbank’s Fund for Export Development in Africa, Rwanda ratifies, Togo, South Sudan join three other signatories

The Republic of Rwanda has become the first African country to ratify the Agreement for the Establishment of the Fund for Export Development in Africa (FEDA),...

Market performance slide on sustained sell pressure… ASI down 0.3%

Today, the local bourse sustained its bearish performance on the back of sell-offs in ZENITH (-1.0%), WEMABANK (-4.4%), and LIVESTOCK (-9.8%). Consequently, the All-Share Index fell 27bps...

Sell-Pressure on the Industrial, Banking Stocks drag performance

The first trade of the week resulted in a bearish performance as the benchmark index fell 40bps to 39,326.67 points due to sell pressure on DANGCEM...

CBN releases guidelines for eNaira, appoints technical partner

Central Bank of Nigeria CBN, has released draft guidelines for the ENaira to Nigerian banks, highlighting the daily transaction limit of ₦50,000, ₦200,000 and ₦1million for the consumer wallet tiers...

Zenith Bank shows resilience as profit before tax grows by 3% in H1 2021

In a clear demonstration of its resilience, Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2021, recording positive growth across...

Zenith Bank posts N117.05bn Profit before tax

Zenith Bank Plc has posted a profit before tax (PBT) of N117.05 billion for six months as of June 30, against N114.12 billion achieved in the...

Ecobank MD canvasses financial institutions, private investors synergy to bridge infrastructure gap  

Managing Director, Ecobank Nigeria, Patrick Akinwuntan has advocated a synergy between financial institutions and private investors to address infrastructure deficit in the country.  Akinwuntan in a...

Unity bank in pixs

Preline completes acquisition of 60.98% stake in ETERNA

Eterna oil said at the floor of the Exchange that the acquisition of 794,969,774 (60.98%) equity stake by Preline Limited as part of the divestment process of...