CBN Explains Exclusion Of Retained Earnings From Bank Recapitalization Process
The Director of the Financial Policy & Regulatory Department of the Central Bank of Nigeria (CBN), Haruna B. Mustafa, has…
Nigerian Banks Are On Track To Beat Their Profit Margin Outlooks For 2023
As per the financial reports spanning January to September 2023, Nigerian banks are poised to surpass their anticipated profit margins…
External Reserves Drop By $950m In 17 Days — CBN Report
Nigeria’s foreign exchange reserves have taken a significant hit, dropping by approximately $1.02bn within 18 days as the Central Bank…
UBA To Pay N78.7 Billion Final Dividends To Shareholders For 2023
UBA shareholders will receive a final dividend of N78.7 billion for FY 2023, representing N2.30 per ordinary share held. Combined…
Fidelity Bank Posts N99.45 Billion PAT In FY2023, To Pay N19.2 Billion Final Dividends
Fidelity Bank Plc posted a net income of N99.45 billion in FY 2023, according to the bank’s audited financial statements…
Banks To Issue New GMPC National Identity Card To Applicants – NIMC
The National Identity Management Commission (NIMC) has announced that the new single and General Multipurpose Cards (GMPC) will be distributed…
Zenith Bank Achieves Historic Milestones In 2023 With Stellar Triple-Digit
Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth…
Nigerian Breweries To Raise N600bn Capital Through Rights Issue
Nigerian Breweries, NB Plc, has concluded an arrangement to raise capital through a rights issue. The company in a statement…
Transcorp Posts N197bn Revenue In 2023
Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading listed conglomerate, yesterday announced its financial results for the year ended…
CBN Sacks 117 Staff In The Last 20 Days As 50 More Staff Sack On Moday
So far, 117 casualties have been recorded in the last 20 days. Fifty more staff of the Central Bank of…