CBN freezes 38 firms’ accounts over forex infractions, others
The Central Bank of Nigeria has instructed banks to place a post-no-debit on the bank accounts of 38 companies. The…
COVID-19 takes toll on banking services
By Osaze Omoragbon The coronavirus pandemic and the strict measures imposed to contain it have affected banking services in a…
CBN sets N10bn maximum loan for gas intervention fund
The Central Bank of Nigeria has set N10bn as the maximum loan an obligor can access under its N250bn intervention…
Zenith Bank reports N103.83bn half-year profit
Following report by the Economyng.com penultimate week that the big banks including Zenith Bank were delaying the release of their…
Investors gain N26bn as stock market sustains bull run
The Nigerian stock Exchange on Thursday sustained its bull run to the fifth consecutive trading session as the market capitalisation…
Nigerians should be more concerned on loans utilisation, says DMO boss
The Director-General, Debt Management Office, Patience Oniha, on Wednesday, defended the nation’s debt profile, saying there is nothing wrong with…
Stanbic IBTC posts N45bn half-year profit
Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has recorded a profit after tax of N45.20bn for the…
UBA reports N13bn drop in pre-tax Profit
By Osaze Omoragbon The much delayed half year financial report of UBA has been released. United Bank for Africa Plc…
Naira appreciates to N420/dollar in Parallel Market
By Osaze Omoragbon The Naira has appreciated at the parallel market following the resumed sale of forex to Bureau de…
Nigerian equities rally N331b in August
Investors in Nigerian equities recorded average gain of 2.57 per cent in August, equivalent to net capital gain of N331…