Refinitiv has said in a report that investment banking fees in Sub-Saharan Africa reached an estimated $64.5 million during the second quarter of 2020, half the...
The stock market sustained previous day’s positive performance as gains in MTNN (+2.6%), AIRTELAF (+2.4%) and GUARANTY (+2.3%) drove the benchmark index up 82bps to settle at 24,330.06 points. Consequently, investors gained ₦12.6bn as market...
Nigeria hopes changes it has made to gold mining regulation will earn the government $500 million a year in royalties and taxes and create 250,000 jobs,...
Shareholders of Jaiz Bank Plc are to receive a total of N884million dividend payment subjected to appropriate withholding tax. The Chairman of the Bank Alhaji Umaru...
The Nigeria Labour Congress (NLC) says 37.8 billion dollars will be needed as Global Fund for Universal Social Protection for the first five years to close...
Ecobank, has won Africa’s Best Bank for Corporate Responsibility in the Euromoney Awards for Excellence 2020. Euromoney recognises Ecobank’s focus on sustainability and partnerships and its...
The domestic equities market closed positive for the first time this week as the All-Share Index rose 6bps to settle at 24,130.26 points following bargain hunting in AIRTELAF (+3.4%), DANGSUGAR (+5.2%) and GUARANTY (+0.9%). As...
The African Export-Import Bank (Afreximbank), has disbursed a total of $3.55 billion to the Egyptian Banking sector under its Pandemic Trade Impact Mitigation Facility (PATIMFA) since...
The local bourse sustained previous day’s loss as the benchmark index declined 34bps to close at 24,117.40 points following price depreciation in GUARANTY (-3.2%), ZENITH (-3.7%) and ACCESS (-3.2%). Consequently, investors lost ₦44.9bn as...
The Central Bank of Nigeria CBN has said that the total volume of payment transactions across Nigerian payment channels fell by 26 per cent in April...
The Central Bank of Nigeria (CBN) has authorised banks to begin from August to debit chronic bank debtors account with other banks. The CBN issued guidelines...
Trading activities at the local bourse started the week bearish as the benchmark index moderated 44bps to close at 24,200.60 following sell-offs in MTNN (-1.0%), ZENITH (-3.0%) and GUARANTY (-2.0%). As a...
The total unclaimed dividend figure in the Nigerian capital market stood at N158.44 billion as of December 2019. Data obtained from the Securities and Exchange Commission...
The suspended Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has again been accused of allegedly failing to give proper account...
The Securities and Exchange Commission (SEC) has restated its preparedness to collaborate with the National Information Technology Development Agency (NITDA) to foster safe conducts and usage of personal...