UPDATED: Zenith Bank’s gross earnings drops to N630.34 billion in 2018
Zenith International Bank Plc on Tuesday became the first bank to announce its 2018 audited result, declaring a drop in gross earnings. Read more
Zenith International Bank Plc on Tuesday became the first bank to announce its 2018 audited result, declaring a drop in gross earnings. Read more
The decision, taken hours before voting was scheduled to start on February 16, has left many Nigerians worried about the effectiveness of the electoral commission. Read more
Nigerian stock market lost N195.8 billion ($540.62 million) on Monday as market capitalisation dipped to N12.0 trillion following a massive sell-offs triggered by the election postponement over the weekend. Read more
Nigeria’s foreign exchange reserves is at a two-month low of $42.86bn, according to the latest data from the Central Bank of Nigeria. Read more
Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s leading diversified listed conglomerate, has announced its audited results for the year ended 31st December 2018, with a 94% growth in Profit After Tax (PAT) of ₦20.6bn in 2018 compared to ₦10.6bn in the prior year. Read more
The Association of Bureaux De Change Operators of Nigeria (ABCON) has digitalised its operations, ending years of manual filling of regulatory reports. Read more
The fourth quarter 2018 report just released by the Central Bank of Nigeria, CBN, has shown that currency in circulation as at the end of December, 2818 rose 20.9 percent to stand at N2.32 trillion. Read more
The Nigerian stocks market, yesterday rebounded by 0.12 per cent on renewed bargain hunting. Read more
To grow the movie, music, ICT and creative industry in general, the Bankers Committee of the Central Bank of Nigeria (CBN) on Thursday, revealed plans to vote huge funds to support players along the entire value chain of that sector. Read more
The Nigerian National Petroleum Corporation, NNPC, and its Joint Venture partners – Shell Petroleum Development Company, SPDC, Total Exploration and Production Nigeria, TEPNG, and Nigeria Agip Oil Company, NAOC – have reached Final Investment Decision, FID, on Read more
The Nigerian equities market has recorded a year-to-date (YTD) growth of 3.3 per cent following sustained bullish trading as investors took advantage of attractive prices of stocks. The market, which suffered a decline in 2018, Read more
Eterna Plc, an operator in the nation’s downstream oil sector, has said it aims to increase the number of its petrol stations across the country to 200 and acquire upstream oil and gas assets in the next five years. Read more
First Bank of Nigeria Limited, last Thursday signed a partnership with the Azuri Technologies to provide solar energy solution for the low-income areas. Read more
The Buhari presidency has reacted to Nigeria’s Gross Domestic Product (GDP) for the fourth quarter of 2018. Read more
The federal government yesterday disclosed that it may no longer provide financial bailouts for power generation companies (Gencos) in Nigeria, Read more
FSDH Merchant Bank has advised the federal government to adjust the $60 per barrel budget benchmark for crude oil price, in view of forecast of lower crude oil price in 2019. Read more
A Federal High Court in Abuja has warned the Central Bank of Nigeria (CBN), the Nigerian Telecommunication Commission (NCC), and others involved in the transaction for the sale of troubled telecom firm, Etisalat (9mobile) against taking further steps to conclude the sale. Read more
ACTIVITIES on the equities market rebounded last week despite jitters in the political environment with investors recording N334 billion gains on their investment. Read more
he Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday stated that given that the inherent risks in granting loans to Micro Small and Medium Enterprises (MSMEs) , Read morehttps://allafrica.com/stories/201902120086.html
Lending institutions, especially banks, have registered interest on movable assets valued at N1.23 trillion, $1.14 billion and €6.08 million through 41,408 financing institutions, the Central Bank of Nigeria (CBN) said yesterday in Abuja. Read more