Banks’ operational costs have continued to rise in recent months over the uptick in inflation, hike in diesel pump price, high energy prices, and exchange rate crises. To reduce the impact of these challenges on their profitability, banks like Access…
Fidelity Bank Plc has concluded arrangements to hold an Extra-Ordinary General meeting of the members of the bank to seek approval for a private placement. According to a notice to the Nigerian Exchange Limited (NGX) signed by Ezinwa Unuigboje, the…
A fast-growing Nigerian fintech startup, NowNow Digital Systems, said it had raised 13 million dollars in its seed round to improve financial inclusion across Africa. The Chief Executive Officer, NowNow, Sahir Berry said this in a statement on Wednesday in…
The Nigeria Deposit Insurance Corporation (NDIC) has bagged the Federal Government’s ‘level five’ platinum level organisation award for outstanding performance in good governance and financial accountability. The assessment was done by the Bureau of Public Service Reform (BPSR) from Sept.…
UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has announced the commencement of the 2022 edition of its National Essay Competition (NEC) in Nigeria with a call for entries. The annual National Essay…
By Seun Ibiyemi Zenith Bank, Access Bank and eight other banks income generation from dollar inflows into the Nigerian economy hit $3.11billion in half year results 2022. This is according to a report released by the National Bureau of Statistics…
By Philemon Adedeji At the Nigerian Exchange Limited (NGX), the equities market closed on negative performance as the key market indicator dipped further by 346.49 absolute points amid increased sell pressure. The NGX All-Share Index dipped by 0.69 per cent…
By Philemon Adedeji As the week opened yesterday, Nigerian equities reversed the three-day winning streak as the market capitalisation closed N30 billion lower. The All Share Index (ASI) decreased by 54.42 absolute points, representing a decline of 0.11 per cent…
The Debt Management Office (DMO) of Nigeria has released its FGN bond issuance calendar for the third quarter of 2022. This is contained in a document released by the DMO on its website. According to the press release, the issuance…
Guaranty Trust Holding Company Plc (GTCO) says it has posted Profit Before Tax of N103.2 billion for the period ended June 30. The bank stated this in its audited consolidated and separate financial statements to the Nigerian Exchange Group (NGX)…
