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 goods…
Category: Banking
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 by a…
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 railroad, utilities and…
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 and insurance…
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 the…
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 Wednesday.…
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 of corruption…
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 Corporate…
First Bank Launch Digital Centre
First Bank of Nigeria Limited has announced the launch of its fully automated branch, called the FirstBank Digital Experience Centre.…
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: IMF
The International Monetary Fund (IMF) says Nigerian banks closed 234 branches and 649 automated teller machines (ATMs) in 2020 amid…
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 committing over 20…
FRC Vows To Deal With Banks That Gives Loan To Government And Agencies Without Due Process
Fiscal Responsibility Commission has vowed to engage the services of the Independent Corrupt Practices and Other Related Offences Commission and…
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 of…
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 Okonkwo) As Group Managing Director
The board of FBN Holdings Plc (FBNHoldings) has appointed the immediate past managing director of Fidelity Bank Plc, Mr. Nnamdi…
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 classifying…
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 company. A statement signed…
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 hours. This is according…
National Pension Commission Recovered N19.29 Billion Unremitted Monthly Pensions By Employers
The National Pension Commission says it has recovered N19.29bn monthly pensions deducted by employers from employees’ monthly emoluments but not…
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 30, 2021…
What To Know About Nigeria Digital Currency
On Monday, President Muhammadu Buhari unveiled eNaira, Nigeria’s digital currency. At the launch, Buhari said the adoption of the Central…
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 Plc…
Nigeria: President Muhammadu Buhari Launch E-Naira
The President, Major General Muhammadu Buhari (retd.), on Monday, launched the eNaira platform. The eNaira is a culmination of several…
CBN Introduces E-Naira Speed Wallet And E-Naira Merchant Wallet
The Central Bank of Nigeria has finally launched its Central Bank Digital Currency called eNaira on Monday. The eNaira was…
