Category: Capital Market/Banking

NGX Group Reports N13.6b Profit, Board Okays N4.4b Dividend For 2024  
March 1, 2025 No Responses

NGX Group Reports N13.6b Profit, Board Okays N4.4b Dividend For 2024  

Nigerian Exchange Group Plc has announced its audited financial results for the year ended 31 December 2024, delivering profit before tax (PBT) of N13.6 billion, indicating 157.3% year-on year growth. According to the Group, the performance was driven by robust...
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Customs, CBN Harp On Technology-Driven Trade Reforms
February 28, 2025 No Responses

Customs, CBN Harp On Technology-Driven Trade Reforms

The Comptroller-General of Customs, Adewale Adeniyi, has reaffirmed the Nigeria Customs Service’s (NCS) commitment to enhancing collaboration with the Central Bank of Nigeria (CBN) to facilitate trade and boost revenue generation—a development he said woul...
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GTCO Distributes 3,000 Gas Cylinders To Ogun Community
February 26, 2025 No Responses

GTCO Distributes 3,000 Gas Cylinders To Ogun Community

As part of ongoing efforts to enhance the quality of life for households and empower women in underserved communities, GTCO Plc at the weekend launched its Waste for Gas initiative which saw over 3,000 residents of Obafemi Owode Local Government...
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NGX Group, CSCS To Host 2025 International Women’s Day Celebration
February 26, 2025 No Responses

NGX Group, CSCS To Host 2025 International Women’s Day Celebration

Nigerian Exchange Group (NGX Group) and Central Securities Clearing System (CSCS) will host a special event on Friday, 7 March 2025, 11:45 AM WAT, at NGX Group House, Lagos, to celebrate International Women’s Day (IWD) 2025, with the theme “Acceler...
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Unity Bank Declares N59.3b Gross Earnings In 2023
February 25, 2025 No Responses

Unity Bank Declares N59.3b Gross Earnings In 2023

Unity Bank Plc recorded gross earnings of N59.3 billion for the full year ended December 31, 2023, representing a growth of 3.84% year-on-year.In its audited financials submitted to the NGX Group Limited, the Bank also witnessed improvements across key perform...
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Ecobank Partners Code 14 Labs To Enhance Digital Training For Students
February 24, 2025 No Responses

Ecobank Partners Code 14 Labs To Enhance Digital Training For Students

Ecobank Nigeria has teamed up with Code 14 Labs to expand the accessibility and reach of coding education for children across Nigeria.  A statement issued on Sunday explained that the partnership leverages Code 14 Labs’ interactive coding workbooks...
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Tinubu Backs Fintech Firms As Flutterwave Seeks Listing On NGX
February 23, 2025 No Responses

Tinubu Backs Fintech Firms As Flutterwave Seeks Listing On NGX

President Bola Tinubu said his administration will support businesses in the financial technology sector that provide payment infrastructure services for Nigerians and Africans He said this when he received the leadership of Flutterwave and Alami Capital in Ab...
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GTCO Unveils Initiative For Quality Households, Empower Women
February 21, 2025 No Responses

GTCO Unveils Initiative For Quality Households, Empower Women

Guaranty Trust Holding Company Plc (GTCO), on Friday unveiled it’s “Waste for Gas” project as part of measures to improve quality of life for households and empower women in underserved communities.The initiative aims to distribute 3,000 3kg gas cyli...
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Cardoso Seeks Stronger Economic Ties With Middle East
February 18, 2025 No Responses

Cardoso Seeks Stronger Economic Ties With Middle East

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has canvassed stronger economic ties with the Middle East and the Nigerian diaspora community in the region. Speaking during a meeting with Talal Al-Humond, the Assistant Governor for Monetary...
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GTBank Removes POS Processing Fees
February 13, 2025 No Responses

GTBank Removes POS Processing Fees

Guaranty Trust Bank Ltd has announced the removal of processing fees on all GTBank POS terminals, reinforcing its commitment to supporting businesses with cost-effective payment solutions.This initiative, which took effect Tuesday, 11 February 2025, communicat...
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Citibank Nigeria Appoints Mahmoud Isa-Dutse As Chairman
February 12, 2025 No Responses

Citibank Nigeria Appoints Mahmoud Isa-Dutse As Chairman

Dr. Mahmoud Isa-Dutse has been appointed Chairman of the Board, Citibank Nigeria Limited (Citi) following the retirement of Dr Shamsuddeen Usman, CON, OFR.   Dr. Isa-Dutse joined the Board of Citibank Nigeria Limited in August 2024 as an Independent ...
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CBN Stops Free Withdrawals For Customers Using Other Banks’ ATMs
February 12, 2025 No Responses

CBN Stops Free Withdrawals For Customers Using Other Banks’ ATMs

Charges will now apply anytime customers use the Automated Teller Machines (ATMs) of banks, the Central Bank of Nigeria (CBN) has declared.   This was contained in a circular dated February 10, 2025, and addressed to all banks and financial instituti...
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Nigeria Customs Suspends Implementation Of 4% FoB Charge At Seaports
February 11, 2025 No Responses

Nigeria Customs Suspends Implementation Of 4% FoB Charge At Seaports

TheNigeria Customs Service (NCS) has suspended the implementation of 4% Free-on-Board (FoB) value on imports earlier announced by the service.This is sequel to ongoing consultations with the Minister of Finance and Coordinating Minister of the Economy, Mr Olaw...
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Ecobank Super Reward Promo Winners Get N42m
February 3, 2025 No Responses

Ecobank Super Reward Promo Winners Get N42m

Ecobank Nigeria, an affiliate of Ecobank Group, has awarded a total of N42 million to its customers through the Super Reward “Millionaire Geng Promo.” This six-month promotion, which ran from July 1 to December 31, 2024, saw customers of the...
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