Category Archives: Banking
Shareholders laud UBA’s higher dividend, subsidiaries’ performance
Shareholders of United Bank for Africa Plc have expressed satisfaction over the 2017 full-year financial performance of the bank and the increased dividend payout declared
Unity Bank, Oando, Skye Bank lift stock market
The market capitalisation of listed equities on the Nigerian Stock Exchange rose by N93bn on Tuesday as 33 stocks led by Unity Bank Plc, Oando
Banks fail to remit N74.1bn govt revenues –RMAFC
Ongoing probe of banks that are collecting revenues for the government has shown that the lenders failed to remit N74.1bn into the Federation Account between
UBA, Access Bank, 2 others scale up to NSE’s premium board
United Bank for Africa (UBA) Plc, Access Bank Plc, Lafarge Africa Plc and Seplat Petroleum Development Company Plc were yesterday scaled up from the main
Coronation Merchant Bank records 66% growth in gross earnings
Coronation Merchant Bank Limited, a leading merchant banking, has recorded a 66 per cent growth in its gross earnings for the 2017 financial year. The
FCAM’s Legacy Dollar Bond Fund IPO records 144.44% over subscription
FIRST City Asset Management Limited (FCAM), a member of FCMB Group Plc, has recorded an impressive 244.44 percent subscription in its Initial Public Offering (IPO)
CBN commences disbursement of N26bn agribusiness fund
In line with its mandate of youth empowerment and wealth creation, the Central Bank of Nigeria (CBN), yesterday, began the disbursement of N26 billion Agribusiness/Small
Heritage Bank, GAC Motors partner on vehicle finance scheme
Heritage Bank Plc has entered into a strategic partnership with the Choice International Group Motors Limited to introduce a new vehicle finance scheme aimed at
DMO lists N100bn sovereign sukuk on NSE, FMDQ
The Debt Management Office, DMO, yesterday listed the N100 billion sovereign sukuk bonds, simultaneously on the Nigerian Stock Exchange, NSE and the FMDQ Securities Exchange
Ecobank, MTN in joint cross-border mobile financial services
Telecommunications company, MTN Group, and Pan-African banking conglomerate, Ecobank, have come together to provide mobile financial services across the various African countries where they currently
Naira Exchange Rates