Category: Capital Market/Banking

Zenith Bank Declares N150.72b Profit In Q3
October 24, 2019 No Responses

Zenith Bank Declares N150.72b Profit In Q3

Zenith International Bank Plc on Wednesday reported a profit after tax of N150.72 billion for nine months ended Sept. 30, 2019. The profit represented a growth of five per cent when compared to N144.18 billion achieved in the corresponding period...
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Investors Stake N6.18b On Zenith Bank’s 357.23m Shares
October 23, 2019 No Responses

Investors Stake N6.18b On Zenith Bank’s 357.23m Shares

Investors on the floor of Nigerian Stock Exchange (NSE) on Tuesday staked N7.83 billion on 694.02 million shares in 2,780 deals.The volume of shares traded represented an increase of 182.29 per cent compared with 245.85 million shares valued at N1.36...
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Heritage Bank Pledges More Support For Young Entrepreneurs
October 22, 2019 No Responses

Heritage Bank Pledges More Support For Young Entrepreneurs

As part of measures  to contribute to the growth of economic drive, Heritage Bank Plc has pledged continued support for The Next Titan Season-six.The Next Titan entrepreneurial reality TV show sponsored annually by Heritage Bank Plc has unveiled 16 conten...
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SEC Photo New
October 22, 2019 No Responses

SEC Photo New

L-R:Managing Director, Central Securities Clearing System (CSCS), Mr Jalo Waziri, Acting Director General, Securities  and Exchange Commission (SEC) Ms Mary Uduk and Managing Director, Nigerian Association of Securities Dealers, Mr Bola Ajomole during an ...
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CSCS Wins BAFI Award
October 22, 2019 No Responses

CSCS Wins BAFI Award

The Central Securities Clearing System Plc (CSCS) has received special recognition for its contribution to the financial services industry, by winning the Continental Leader in Post-trade and Custody Services award, at the 7th Annual Business Day Banks’ and ...
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Nigeria To Secure $3b Power Sector Loan
October 21, 2019 No Responses

Nigeria To Secure $3b Power Sector Loan

The Minister of Finance, Mrs Zainab Ahmed, on Sunday said the Federal Government’s request for a World Bank loan to finance the power sector was at the verge of being granted. Ahmed stated this at a media briefing on activities...
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NSE Lists Union Bank’s N30b Bond
October 19, 2019 No Responses

NSE Lists Union Bank’s N30b Bond

By citybusinessnews@yahoo.com — The Nigerian Stock Exchange (NSE) on Friday listed on its daily official list Union Bank of Nigeria Plc’s N30billion bond.  In a notice to dealing members, Godstime Iwenekhai, Head, Listings Regulation Department ex...
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CBN Injects $325.5m Into Retail Market
October 19, 2019 No Responses

CBN Injects $325.5m Into Retail Market

The Central Bank of Nigeria (CBN) has injected 325.5million dollars in the retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short tenored forwards segment of the inter-bank foreign market. The bank’s Director, Corporate Comm...
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W Initiative Explains Agenda For Health Month
October 17, 2019 No Responses

W Initiative Explains Agenda For Health Month

The W Initiative, a flagship women empowerment programme from Access Bank Plc, has announced plans for its 2019 W Health Month aimed at improving community awareness on health issues that affect women and their families by bridging knowledge gap, providing...
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Photo News
October 17, 2019 No Responses

Photo News

Left to Right: Acting Director General Securities and Exchange commission, SEC, Ms. Mary Uduk and Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed at the on-going World Bank/International Monetary Fund Meeting in Washington DC, Thursday.
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CBN: N500, N1000 Denominations Most Commonly Counterfeited Banknotes
October 16, 2019 No Responses

CBN: N500, N1000 Denominations Most Commonly Counterfeited Banknotes

The Central Bank of Nigeria (CBN) on Wednesday, said that a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82 million was recorded in 2018.The bank said this in the Currency Operations 2018 Annual Report, posted...
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Access Bank Hits N1b Digital Daily Lending
October 15, 2019 No Responses

Access Bank Hits N1b Digital Daily Lending

Access Bank’s expanded Digital Lending Portfolio, which gives Nigerians quick and 24/7 access to funds for emergencies without any collateral, has hit a record N1billion daily in loan value.Executive Director, Retail Banking, Access Bank Plc, Victor Etuokwu,...
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Firm Tackles CBN Over $285m Supreme Court Judgment
October 15, 2019 No Responses

Firm Tackles CBN Over $285m Supreme Court Judgment

A communications firm, Interstella Communications Limited has urged the Central Bank of Nigeria (CBN) to obey a Supreme Court order by paying them $285 million judgment sum for alleged breach of contract. The News Agency of Nigeria (NAN) reports that...
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Court Freezes 45 Bank Accounts
October 15, 2019 No Responses

Court Freezes 45 Bank Accounts

A Federal High Court on Monday in Abuja ordered the temporary freezing of 45 bank accounts belonging to three companies allegedly  involved in smuggling of rice into Nigeria. The companies whose accounts were domiciled with ten commercial banks in Nigeria...
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