Browsing Category
Banking
Nigeria Stock Market Investors Gain N643.1 Billion
The Nigerian stock market began the week on a positive note as investors gained N643.14bn at the end of trading on…
CBN 100 For 100 PPP Maximum Is N5 Billion
The Central Bank of Nigeria has fixed the maximum loan amount that a participant in its newly introduced…
Nigerian Stock Exchange Dropped By 0.06 Percent
The Nigerian stock market lost N12.58bn last week as investors took profits in oil and gas, banking and consumer…
SoftBank Group Reported $3.5 Billion Q3 Loss
SoftBank Group Corp reported a 397 billion yen ($3.5 billion) net loss for the July-September quarter, dragged down…
Berkshire Hathaway Report Operating Income Of $6.47 Billion In Q3
Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in it…
MDA Bank Charges And Insurance Premiums Expected To Amount To N22.6 Billion
Deposit Money Banks and insurance companies are expected to rake in the sum of N22.6bn in bank charges…
MTN Nigeria And Airtel Africa Plc Can Now Operate Payment Service Bank
MTN Nigeria and Airtel Africa Plc have received approval in principle to operate a payment service bank (PSB) in…
CBN: Nigeria’s External Reserves Increase By $5.05 Billion
Nigeria’s external reserves rose by $5.05bn in October, the latest data from the Central Bank of Nigeria showed on…
Swiss Bank “Credit Suisse” Gain Got Hit By Major Litigation Charge
Credit Suisse has beaten analyst estimates for the third quarter, but took a hit from charges settling allegations…
E-Naira Is More Reliable Than Cryptocurrency: CBN
The Central Bank of Nigeria has said that the eNaira is more reliable than cryptocurrencies.
The CBN Director of…
First Bank Launch Digital Centre
First Bank of Nigeria Limited has announced the launch of its fully automated branch, called the FirstBank Digital…
Nigeria States Made N2.33 Trillion From PAYE In Three Years
The 36 states in Nigeria and the Federal Capital Territory earned N2.33tn from Pay As You Earn in three years,…
Amid Covid-19 Outbreak Nigerians Banks Closed 234 Branches And 649 ATMs In 2020:…
The International Monetary Fund (IMF) says Nigerian banks closed 234 branches and 649 automated teller machines…
CBN And SEC Sanction Five Banks For Various Infractions
The Central Bank of Nigeria and the Securities and Exchange Commission have sanctioned five major banks for…
FRC Vows To Deal With Banks That Gives Loan To Government And Agencies Without Due…
Fiscal Responsibility Commission has vowed to engage the services of the Independent Corrupt Practices and Other…
Central Bank of Nigeria Commence 100 For 100 Policy On Production And Productivity
The Central Bank of Nigeria has commenced the 100 for 100 Policy on Production and Productivity with the unveiling…
Zenith Bank Profit Before Tax Gain 1 Percent
Zenith Bank Plc has reported a one per cent increase in its profit before tax to N180bn in the nine months ended…
Deposit Money Banks To Deduct Loan From Debtors Account
The Deposit Money Banks are recovering debts owed by chronic debtors from their accounts in other banks to curb the…
FBN Holdings Appoints Fidelity Bank Plc Immediate Past Managing Director (Nnamdi…
The board of FBN Holdings Plc (FBNHoldings) has appointed the immediate past managing director of Fidelity Bank…
Nigeria Stock Exchange Query FBN Holdings Over Shares
The Nigerian Exchange Limited (NGX) has queried FBN Holdings Plc, the holding company of First Bank of Nigeria, for…
Nigeria Banks Will Soon Commence Operations In China: Mr Cui Jianchun
The Chinese Ambassador to Nigeria, Mr Cui Jianchun, has said Nigerian banks will soon commence operations in…
FBN Holdings Confirms Hassan-Odukale Leads Femi Otedola With 0.29% Shareholding
FBN Holdings Plc has confirmed that Mr Tunde Hassan-Odukale is the single-largest shareholder in the…
GTCO Report Profit Before Tax Of N151.91 Billion 2021 Q3
Guaranty Trust Holding Company Plc has reported a profit before tax of N151.91bn for the third quarter of 2021,…
Nigerians Downloaded Over 200,000 Wallet In 24 Hours
Nigerians displayed massive interest in the Central Bank’s eNaira initiative downloading over 200,000 wallets in 24…
Shares Of FBN Holdings Plc Rise By 127 Percent To 350,541,662
The volume of activities on the shares of FBN Holdings Plc, the parent company of First Bank Nigeria Limited rose…
National Pension Commission Recovered N19.29 Billion Unremitted Monthly Pensions…
The National Pension Commission says it has recovered N19.29bn monthly pensions deducted by employers from…
United Bank Of Africa Recorded N490.3 Billion Gross Earning In Q3
United Bank for Africa, UBA Plc has recorded N490.3 billion gross earnings for the third quarter ended September…
What To Know About Nigeria Digital Currency
On Monday, President Muhammadu Buhari unveiled eNaira, Nigeria’s digital currency.
At the launch, Buhari said…
Analysts Projects A Spike In FBN Holdings Share Price
Shareholders and analysts in the Nigerian capital market have projected a rise in the share price of FBN Holdings…
Nigeria: President Muhammadu Buhari Launch E-Naira
The President, Major General Muhammadu Buhari (retd.), on Monday, launched the eNaira platform.
The eNaira is a…