Category Archives: Banking

Bearish run plunges market index further by N46 billion

The Nigerian Stock Exchange (NSE), sustained a bearish run for the third consecutive day, occasioned by price losses in most bellwethers, resulting to a further

CBN, Unity Bank partner on cotton seed

CBN, Unity Bank partner on cotton seed

In line with the commitment to grow the Nigerian economy through the revival of Agriculture as the major economic catalyst, the Central Bank of Nigeria (CBN), in partnership

Sterling Bank appoints three new directors

CBN Grants La Fayette national microfinance banking licence

Sterling Bank Plc has appointed three new directors to strengthen its board of directors. A statement from the bank said the new directors were Messrs

CBN Grants La Fayette national microfinance banking licence

CBN Grants La Fayette national microfinance banking licence

Apparently determined to build on its success over the years, Advans-La Fayette Microfinance Bank has secured a national microfinance banking licence from the Central Bank

FCMB partners SystemSpecs on new solution for small businesses

FCMB partners SystemSpecs on new solution for small businesses

First City Monument Bank (FCMB) and SystemSpecs have introduced a payroll solution designed to meet the yearnings of thousands of its Small and Medium Enterprise

ETI reports net profit Of N30.6bn in Q1

ETI reports net profit Of N30.6bn in Q1

Ecobank Transnational Incorporated (ETI) recorded a profit after tax of N30.587 billion for the first quarter (Q1), ended March 31, 2019. The financial institution’s results

CSCS shareholders approve N3.5b total dividend for 2018

CSCS shareholders approve N3.5b total dividend for 2018

Shareholders of the Central Securities Clearing System (CSCS) Plc, have approved a cumulative dividend of N3.5 billion culminating in 70 kobo per share due to

CBN disagrees with NGF over 2020 recession

CBN disagrees with NGF over 2020 recession

The Central Bank of Nigeria, CBN, yesterday, faulted the position of the Nigerian Governors Forum, NGF, that there will be recession in 2020. CBN Deputy

Fidelity bank rewards more customers in promo

Fidelity bank rewards more customers in promo

Fidelity Bank Plc has once more rewarded more of its loyal customers with cash and other consolation prizes in its ongoing promo. The bank’s Deputy

FSDH records 29.93% rise in profit after tax

FSDH Records 29.93% Rise in Profit After Tax

FSDH Merchant Bank Limited has recorded an increase in its profit after tax as it rose by 29.93 per cent, from N2.84 billion as at

FBN general insurance records N615.6m profit

FBN General Insurance records N615.6m profit

FBN General Insurance Limited says its gross premium written rose by 32 per cent to N4.63bn in 2018 financial period, from N3.51bn in the corresponding

CBN to unveil clean note policy, banknote fitness guidelines

CBN to unveil clean note policy, banknote fitness guidelines

The Central Bank of Nigeria (CBN) has approved the issuance of a Clean Note Policy and Banknote Fitness Guidelines. The guidelines would be launched in