Zenith Bank’s Q1 profit before tax rises by 3% to N58.7bn

Zenith Bank Plc posts N58.7 billion profit before tax in its unaudited results for the first quarter ended March 31 2020. The bank’s gross earnings rose...

UBA shareholders ratify N34.19bn dividend for 2019

UBA Plc shareholders have commended the bank for declaring a dividend of N34.19 billion for the financial year ended Dec. 31, 2019. The United Bank for...

Zenith gross earnings grew 5.5% as NSE sustains positive performance

Zenith Bank Plc,Unaudited Q1:2020 Result released on the floor of the Nigerian Stock Exchange showed the bank’s Gross Earnings grew 5.5 per cent Y-o-Y to ₦168.6 billion...

Union Bank posts N42.6bn gross earnings in Q1 2020

Union Bank of Nigeria Plc has announced gross earnings of N42.6 billion in its unaudited financial statements for the first quarter ended March 31, 2020. Union...

CBN resumes dollar sales for SMEs, school fees

Central Bank of Nigeria said it has resumed the sale of dollars to small and medium enterprises as well as for school fees. The bank in...

Near-term economic impact of COVID-19 on Nigeria expected to be severe IMF warns

By Omoh Gabriel The International Monetary Fund IMF, has said that the near-term economic impact of COVID-19 on Nigeria is expected to be severe, while already...

FG turns to domestic market to borrow N850bn to finance 2020 budget as IMF approves $3.4bn to fight COVID-19

Federal Government has turned to the Nigerian domestic market to source the sum of N850 million to finance the 2020 budget just as Nigeria’s request for...

COVID-19: NLC urges FG, States not to deduct workers’ salaries

NLC has urged federal and state governments to neither stop nor deduct workers’ salaries amidst the fight against COVID-19 pandemic. The Nigeria Labour Congress (NLC) has...

I23 donors lift CACOVID Relief Fund to N27.16bn

NSE: Market capitalisation up by N58bn

The NSE recorded a bullish performance on Tuesday with the market capitalisation improving by N58 billion following gains in high capitalised stocks. The Nigerian Stock Exchange...

FCMB holds virtual AGM as Shareholders commend performance, approve dividend

From left: Chairman, FCMB Group Plc, Mr. Oladipupo Jadesimi; Company Secretary/General Counsel, Mrs. Funmi Adedibu and Group Chief Executive, Mr. Ladi Balogun. Shareholders of FCMB Group Plc...

CBN lifts suspension on cheque clearing

Indication are that the Central Bank of Nigeria has lifted its hold on interbank cheques clearing. This indication emerged from the Secretary to the Government of...

Shareholders approve N13.64b FBN Holding dividend payout

FBN Holdings PLC shareholders have approved a total dividend payout of N13.64 billion declared by the company for the financial year ended December 31, 2019. The...

Stock Market starts Week on a Bullish note… ASI up 0.1%

Price appreciation in GUARANTY (+3.6%), MTNN (+0.9%) and ZENITH (+1.1%) buoyed market performance as the All-Share Index advanced 7bps to close at 22,616.28 points. Consequently, market capitalisation appreciated ₦8.8bn to settle at ₦11.8tn while YTD...

COVID-19 could fuel demand for ‘diaspora bonds’, says World Bank

The coronavirus pandemic and its devastating economic impact on developing countries could fuel fresh interest in so-called diaspora bonds that allow migrants to support their countries...