3,256 benefit from CBN N50bn COVID-19 credit facility — NIRSAL MD

No fewer than 3,256 individuals and small businesses have so far benefited from the Central Bank of Nigeria’s (CBN) N50 billion Targeted Credit Facility (TCF) to...

Ecobank records PBT of $90m, net revenues $393m in Q1 2020

Ecobank has said that it recorded significant increases in customer adoption rates on our digital/online channels across our businesses. It profit before tax in the first...

Investors gain N80bn at NSE trading, ASI rises by 0.67%

The Nigerian Stock Exchange (NSE) market capitalisation on Thursday closed the last day of April with N80 billion gain, following sustained demand for blue chips. The...

Access Bank alerts Customers as fraud rises during Covid 19 crisis

Nigeria’s leading retail Bank, Access Bank PLC, has implored its customers to be vigilant in these uncertain times as incidents of fraud are on the rise....

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...