BANKING

Onyeagwu Acquires Extra N14.5m Zenith Bank Shares - The Managing Director of Zenith Bank Plc, Mr Ebenezer Onyeagwu, has acquired additional shares of the company worth about N14.5 million. The financial...

Naira falls to N411.25/$1 at I&E window - The naira recorded marginal depreciation at the official window after the Central Bank of Nigeria (CBN) announced indefinite extension of its ‘Naira-4-Dollar’ scheme....

Companies Pay N392.8bn Income Tax to Government in Q1 2021 - In the first quarter of 2021, companies operating in Nigeria remitted not less than N392.8 billion to the government as...

Naira Falls to N410.67/$1 despite Drop in FX Demand at I&E - Despite a drop in the demand for foreign exchange (FX) at the market on Monday, the Naira depreciated against...

Jaiz Bank grows profit by 54% to N979.2m in Q1 - Nigeria’s premier non-interest bank, Jaiz Bank Plc recorded strong growths in the top-line and bottom-line in the first quarter of...

Grobank renamed Access Bank after acquisition - Grobank Limited has been renamed Access Bank South Africa Limited. The deal was finalised after Access Bank’s acquisition of controlling shares in the former...

Access Bank Begins Operations in South Africa After Grobank Deal - Nigerian tier-one lender, Access Bank Plc, has finally commenced operations in South Africa following the completion of all regulatory procedures...

Stanbic IBTC, LSETF Engage SMEs on Financial Planning - A partnership aimed to put Small and Medium-Sized Enterprises (SMEs) through a series of financial planning sessions has been entered into between...

Moody’s Fears First Bank Financial Health Could be at Risk - There is every possibility that the financial health (solvency) of First Bank of Nigeria Limited, the flagship subsidiary of FBN...

Stanbic IBTC Pension Managers pays N800b to retirees - The Stanbic IBTC Pension Managers Limited has paid over N800 billion to more than 62,000 retirees since inception. This was disclosed during...