Fidelity Bank Plc, one of the Nigeria’s foremost financial institutions, has added yet another accolade to its burgeoning collection of awards. This time, the Bank has been recognised as the ‘Best SME Bank in Nigeria’ by the Global Finance Banking…
The Oil and Gas sector remains Nigeria’s honey-pot. investments in the sector have, over time, grown to sustain it as Nigeria’s economic mainstay. The base of the economy has largely, for about five decades, rested its oars on the sector,…
By Philemon Adedeji Wema Bank Plc showed an impressive momentum as the management is keen on driving shareholders’ return on investment and stock price appreciation. With the growth in profit, Wema Bank once again paid shareholders a dividend of N0.24…
The Central Bank of Nigeria, CBN, has ordered banks to collect indemnities from their customers for highly secured online funds transfer amounting to N1million and above for individual customers and N10 million for corporate customers. However, the apex bank placed…
The Naira depreciated against the dollar at the Investors and Exporters window on Friday as it exchanged at N419.75 to the dollar, a 0.06 per cent depreciation, compared to N419.50 to the dollar on Thursday. The open indicative rate closed…
The Debt Management Office (DMO) has listed two new Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. According to the DMO, the first one is a two-year savings bond maturing on June 15, 2024, at…
Access Bank Plc has pledged to fund entrepreneurs, and create market access for small businesses across the country. A statement by the Deputy Managing-Director of the bank, Mr Victor Etuokwu, in Abuja on Friday, said the bank remained resolute in…
Union Bank Plc has announced the completion of core investors’ sale of a majority shareholding to Titan Trust Bank. In a statement last week, the bank also notified the Nigerian Exchange Group of the resignation and subsequent retirement of directors…
Trading on the Nigerian bourse closed positive on Friday with the All-Share Index (ASI) increasing by 0.17per cent to close at 52,908.24 from 52,815.78 on Thursday. Similarly, market capitalisation increased by N49 billion to N28.523 trillion from N28.474 trillion recorded…
The Nigerian equities market posted losses of 2.18 per cent for the week on the back of 2.09 per cent gain in the preceding week. The bearish reaction is as a result of intense profit-taking from stocks already trading at…
