Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from...
Guaranty Trust Holdings plans to seek shareholder approval next month to raise up to $750 million in capital, joining other banks in bolstering capital reserves to...
Cyberattacks have more than doubled since the pandemic. While companies have historically suffered relatively modest direct losses from cyberattacks, some have experienced a much heavier toll....
Opening the week, the local equities closed negative as the benchmark Index fell 0.38% to settle at 103,047.23 points. Profit taking in Tier-1 banking tickers, GTCO (-4.17%), FBNH...
International Monetary Fund has said in Blog post that private credit market, in which specialised non-bank financial institutions such as investment funds lend to corporate borrowers,...
Nigeria’s central bank has barred commercial lenders from accepting foreign currency-denominated collateral to grant Naira loans, a move that could protect the banking system against a...
Today, the benchmark index of the local market declined by 0.27% to close at 103,437.67 points. Selloffs of MTNN (-0.87%), GTCO (-2.04%), and ZENITHBANK (-1.62%) outweighed gains in DANGSUGAR (+5.36%), OKOMUOIL (+1.65%),...
African Export-Import Bank Group’s results for the financial year ended 31 December 2023 showed Net interest income reached $1.4 billion at the end of the 2023...
The domestic bourse extended losses from the previous session, bringing the All-Share Index down by 0.43% to close at 103,736.08 points. Bearish sentiment in MTNN (-1.29%),...
The current exchange rate for customs import duties and cargo clearance payment is higher than the official foreign exchange market rate of the Naira and the...
One of the two executives from Binance, the world’s largest cryptocurrency exchange, detained in Nigeria appeared in an Abuja court on Thursday to face tax evasion...
The negative sentiment continued in the local market as the All-share index dipped by 0.32% to settle at 104,181.32 points. Selloffs of GTCO (-1.23%), ZENITHBANK (-1.23%) and FBNH (-5.02%) outweighed gains...
Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time...
Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) welcomes the release of the much-anticipated circular of the Central Bank of Nigeria (CBN) on the...
Centre for the Promotion of Private Enterprise has said that the Central Bank of Nigeria new prescribe minimum capital for banks when adjusted for inflation has...