The Board of Directors of PZ Cussons Nigeria Plc has announced the appointment of Mr Gbenga Oyebode as Non-Executive Director and Chairman of the Board, effective from 11th December 2020. The Board also announced the retirement of Alhaji Lawal Tukur Batagarawa as a Non-Executive Director on the Board of PZ Cussons Nigeria Plc, effective 11th […]
Market breadth was positive with 29 stocks gainers in contrast with 14 losers [Reuters/Akintunde Akinleye] The Nigerian equities on Tuesday, extended its positive momentum with the market capitalisation increasing further by N199 billion, as investors stepped -up bargain-hunting ahead of 2021. Specifically, the market capitalisation rose by N199 billion or 1.09 per cent to close […]
The nation’s bourse closed for the last trading day in November with a growth of 0.45 per cent following price appreciation posted by Airtel Africa and 16 other stocks. Specifically, the All-Share Index on Monday rose by 156.63 points or 0.45 per cent to close at 35,042.14 compared with 34,885.51 achieved on Friday. Also, the […]
By Charles Abuede The Nigerian bourse was fired up on all cylinders on Thursday and it helped the market to sustain its bullish momentum in the face of falling oil prices across the market spectrum; with institutional investors increasing their capital inflows to Nigerian stocks on the prevailing low returns seen in the debt market. […]
Monday, December 14, 2020 /12:17 PM /by Moody’s Investors Service / Header Image Credit: Tire Business Proshare Nigeria Pvt. Ltd. Moody’s Investors Service ("Moody’s") has taken various ratings actions on some ratings of 32 banks across 10 African countries: Angola, Democratic Republic of Congo, Egypt, Ghana, Kenya, Morocco, Nigeria, Tanzania, Tunisia and Uganda. The rating […]
Close associates of former president Daniel Moi are set for an additional Sh370.85 million (1.29 billion) payout for selling a majority stake in Transnational Bank to Nigeria’s Access Bank. The Nigerian lender has revealed in regulatory filings in Lagos that the extra amount will be paid over the next two years, pushing total payout for […]
Bankers Institute of Liberia participants, managers and LBDI President, John B. S. Davies In an effort to institutionalize banking education in Liberia and enhance networking and collaboration internationally, the Banking Institute of Liberia (BIL) has formed a partnership with the Chartered Institute of Bankers Nigeria (CIBN) and the Alliance of African Institutes of Bankers in […]
GAC Motor, a Fortune 500 vehicle maker, has entered a partnership with four banks and an insurance company to introduce a ‘Drive Now, Pay Later’ scheme for Nigerians. The partnering companies are Wema Bank, Access Bank, Ecobank Transnational Plc, Globus Bank, and Sunu Assurance. The automaker said the scheme will give Nigerians the opportunity to […]
Sterling Bank has developed Specta, a digital retail lending platform competing with new age fintechs in Nigeria’s competitive financial services sector. In 2020, there’s a new trend happening in the Nigerian banking sector. After prioritising their core banking services for nearly a decade, some Nigerian banks are restructuring to diversify their revenue base and remain […]
Africa’s largest retail lender Access Bank has unveiled local operations in the country following its acquisition of Transnational Bank at the end of August. The lender is expected to operate 28 branches in Kenya which include five retail outlets in Nairobi, four in Nakuru and three in Uasin Gishu County. Speaking at the official launch […]
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