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

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