MARKETS

  Zenith Bank Plc is heading to the Capital Market to raise N290 billion through a combination of a Rights Issue and a Public Offering in compliance with the revised minimum capital requirements for Nigerian commercial banks introduced by the Central Bank of Nigeria (CBN). The Offer will open on...

For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker Magazine. This ranking places Zenith Bank Plc as the 565th Bank globally with a Tier-1 Capital...

  The Central Bank of Nigeria (CBN) has issued further clarification on the recently announced licensing requirements for Bureau de Change (BDC) operators. According to the apex bank, the updated guidelines, incorporating feedback from earlier public consultations, were officially published on the CBN website on Wednesday, May 22nd, 2024. Mrs...

Part of its effort to combat persistent inflation growth and stabilize the Nigerian economy, the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 26.25% from 24.75% This decision was announced by CBN Governor, Olayemi Cardoso, at a press briefing held in Abuja on Tuesday following...

The Federal Government has listed its April 2024 Savings Bonds worth N4.214 billion on the Nigerian Exchange Limited platform. This was disclosed in the market bulletin signed by the Head, Issuers Regulation Department of NGX, Godstime Iwenekhai. According to the bulletin, “Trading License Holders are hereby notified that the April...

    Highly-rated, independent investment advisory firms have picked Fidelity Bank as a very attractive stock with potential to generate high returns for investors. Independent investment research reports by many market pundits reviewed at the weekend showed that Fidelity Bank was assigned “buy” ticker, a recommendation to investors to consider...

  Cadbury Nigeria Plc has informed the Nigerian Exchange Limited (NGX), the investing public and other stakeholders of the resignation of its Finance Director, Ogaga Ologe. Ologe’s resignation as Cadbury Nigeria Plc’s Finance Director will be effective from July 22, 2024. “Ologe’s replacement will be announced in due course. The...

    The Central Bank of Nigeria (CBN) has directed banks to stop charges on cash deposits until September 30, 2024. CBN disclosed this in a circular dated May 6, 2024, and signed by its Director of Banking Supervision, Adetona Adedeji. Some bank customers had raised concerns after lenders began...

  The Central Bank of Nigeria (CBN) has released a comprehensive list of licensed Deposit Money Banks (DMB) operating within the country. The list was made public on the CBN’s official website on Tuesday and it  provides insights into the banking landscape in Nigeria. Banks with international authorisation include Access...

  Union Bank, one of Nigeria’s foremost and most trusted financial institutions, has announced another significant achievement with its attainment of the MSECB management system certifications in ISO/IEC 27001:2022, ISO 22301:2019, and ISO/IEC 20000-1:2018. The Bank was awarded these three noteworthy certifications by MSECB, a leading international provider of audit...