The South African rand gained on Wednesday after Finance Minister Tito Mboweni said in a budget speech that the government would cut the public sector wage...
The African Export-Import Bank (Afreximbank), in collaboration with FCI, will hold a two-day conference in Nairobi to promote the use of factoring to enhance access to...
Asset Management Corporation of Nigeria (AMCON) has taken over the assets of Alhaji Buba Galadima and that of his company, Bedko Nigeria Limited and Bedko Nigeria...
The All-Share Index lost 3bps to 27,033.10 points following sell pressures in NIGERIA BREWERIES (-2.1%), GUARANTY (-0.4%) and ZENITH (-0.3%). Accordingly, market capitalisation fell ₦4.1bn to ₦14.1tn while YTD return remained...
Access bank plc has directed that all Diamond Bank cheque will no longer be valid for transact at the end of this month. Bank across the...
Losses in banking stocks – GUARANTY (-3.8%), ZENITH (-3.8%) and ACCESS (-6.4%) – dragged the All-Share Index down 127bps to 27,041.03 points. Consequently, YTD return plunged to 0.7% while market capitalisation...
Shareholders of the European Bank for Reconstruction and Development will be asked in May whether to give the bank the green light for expansion into sub-Saharan...
Africa Finance Corporation (AFC) is investing $63 million to build and operate a 60 megawatt (MW) wind farm in Djibouti, the Lagos-based development financier said on...
By omoh Gabriel Indication emerged weekend that some Nigeria banks managing directors are in active connivance with money launderers, political expose persons and unscrupulous businessmen who...
The Nigeria Deposit Insurance Corporation (NDIC), says it has liquidated 427 financial institutions as at December 2019. Mr John Abiodun, the Assistant Director, Insurance and Surveillance...
Ecobank Nigeria said it is set to hold 2020 Regional Trade Forum in Lagos. The forum taking place in March, will be a two-day event, providing...
The downtrend in the Nigerian Stock market persisted during the outgoing week, as sustained sell-offs in LAWUNION (-36.5%), MANSARD (-10.0%) and FORTE (-10.0%) weighed on overall...
The Central Bank of Nigeria (CBN) on Friday, February 21, 2020, continued its intervention in the inter-bank foreign exchange market by injecting the sum of $292.34million...
Central Bank of Nigeria (CBN) has said that it recovered on behalf of customers over N60 billion excessive charges imposed on them by banks. This is...
In a clear show of its resilience and market leadership, Zenith Bank has announced an impressive result for the year ended December 31, 2019, with profit...