Agusto & Co a Nigeria based rating Agency has said in its 2020 Banking Industry Report that commercial banks in the country have collectively written off...
NOVA Merchant Bank, a leading merchant bank in Nigeria, has announced the successful issuance of its N10 billion 7-Year Subordinated Unsecured Bond under its N50 billion...
The local bourse closed in the positive region this week, as buying interests in DANGCEM (+6.5%), FIDSON (+18.1%) and JBERGER (+10.0%) buoyed overall performance. Consequently, the...
The external reserve balance sustained a downtrend last week, declining 35bps w/w to settle at $36. 0 billion. Furthermore, following the agreement by OPEC+ countries to...
The key market indicators of the Nigerian Stock Exchange (NSE) on Thursday posted first gain for the week, appreciating by 1.40 per cent. Specifically, the market...
In commemoration of the National Diaspora Day, Ecobank Nigeria has stated that it is offering zero fees for money transfers on the Rapidtransfer App from now till...
The Senate on Wednesday, July 22, 2020 passed the Bill to repeal the Banks and Other Financial Institutions Act (BOFIA) CAP B3 Laws of the Federation...
The Oyo State Executive Council has approved the issuance of a N100 billion private bond tagged “Oyo Prosperity Bond” to facilitate the execution of priority projects...
Today, the local bourse closed flat as the NSE All-Share Index stood at 24,173.53 points despite gains in ETERNA (+8.9%), MAYBAKER (+7.9%) and NEIMETH (+7.1%). Thus,...
Ecobank Nigeria has assured farmers who are beneficiaries of the Anchor Borrowers programmes for the 2020 wet season and members of the Maize Growers, Processors and...
Nigeria Pension Commission (PenCom) said that the nation’s total pension assets rose to N10.8 trillion at the end of May 2020, an increase of N200billion from...
The local bourse closed in the red as the All-Share Index depreciated 39bps due to losses in DANGCEM (-3.2%), ZENITH (-0.6%) and INTBREW (-9.2%), to close...
Central Bank of Nigeria Monetary Policy Committee has said that Nigerian Banks grew their total loans to the Nigerian economy by N3.3 trillion in June 2020....
The Nigeria Shippers Council(NSC) is collaborating with the National Insurance Commission (NAICOM) on reducinh the cost of doing business at the ports through introduction of insurance...
Following its first announcement in October 2019, Nigeria’s largest bank, Access Bank PLC has announced the successful completion of the acquisition of Transnational Bank PLC, of...