Owing to the rising default in loan repayment forced by the Covid-19 pandemic and the declining economy that affected borrowers’ revenue inflow, First City Monument Bank...
Nigeria’s rising debt profiles is giving some policy makers sleepless night as the amount used to servicing debt between January and September 2020, has cost not...
KPMG Nigeria, has ranked Ecobank Nigeria among the top three banks with good customer experience in the Small and Medium Enterprises (SME) segment. KPMG’s Nigeria banking...
The market maintained previous session’s uptrend as the benchmark index rose 1.0% to settle at 39,512.31 points following price upticks in BUACEMENT (+10.0%), INTBREW (+10.0%) and FBNH (+1.4%). Accordingly, the...
The domestic equities market started the last trading week of the year on a bullish note, up 0.8% to close at 39,110.17 points. The performance was buoyed by strong...
African Export-Import Bank (Afreximbank) said it has successfully raised a $1billion facility for the Bank of Industry, Nigeria’s state-owned development bank. The Facility it said will...
There are indications that the Federal government of Nigeria have lost over N1.2 trillion in oil revenue following the alleged breach of the 2000/2001 fiscal incentive...
The Central Bank of Nigeria has revoked the licenses of seven payment service providers and one (1) switch service provider due to their inability to meet...
The positive performance persisted in the equities market as the All-Share index advanced 5.4% w/w to 38,800.01 points on the back of gains in DANGCEM (+22.5%),...
The Executive Secretary Nigerian Investment Promotion Commission Yewande Sadiku has said that due to the Corona Virus pandemic, there is tightening margins for foreign investment in...
The market maintained its gaining streak today as the benchmark index advanced 1.2% to settle at 37,893.61 points, underpinned by buying interest in bellwethers – DANGCEM (+6.3%), UBA (+2.4%) and...
Nigerian law makers have agreed to pass the appropriation bill of N13.588 trillion, which is N505 billion higher than the proposed N13.082 trillion Buhari presented to...
The positive run persisted today as the stock market advanced 174bps to settle at 37,443.40 points following buying interest in DANGCEM (+10.0%), WAPCO (+2.3%) and OANDO (+9.9%). Consequently, the YTD return...
Central Bank of Nigeria has withdrawn the operating licenses of 42 Microfinance Banks (MfBs), and the affected Microfinance banks have been shut down. As a result...
The equities market rebounded from last week’s negative performance with a 7.5% increase in the benchmark index to 36,804.75 points. The strong performance was buoyed by...