Ghana’s direct bank-to-any-account contactless payment service myGhQR.com has been officially launched by leading payments service provider, Hubtel , in collaboration with Ghana Interbank Payments and Settlement Systems (GhIPPS). myGhQR.com is Ghana’s first-ever self-service portal to enable direct bank-to-bank transfers. The service eliminates the need of paying in cheques or using a POS card machine or […]
The bank is also considering launching virtual cards. The Central Bank of Nigeria (CBN) on Thursday said its digital currency may be launched by the end of 2021. Rakiya Mohammed, an Information Technology Specialist with CBN, made the disclosure at an online news briefing at the end of Bankers Committee meeting. According to her, the […]
Mr Philip Owiredu (2nd left), MD, CalBank PLC, and Mr Sam Aidoo (4th right), Deputy MD, Fidelity Bank, with some management executive of the indigenous firms that helped to issue the $3 billion Eurobond The Minister of Finance, Mr Ken Ofori-Atta, has lauded the role played by five indigenous financial institutions in raising $3.025 billon […]
Nigerian stocks climbed for the fifth straight session on Thursday, this time by as little as 0.01 per cent, aided by modest gains recorded by PZ Cussons, UACN and UBA, with liquidity easing by 5 per cent. Also backing gains, the oil and gas index was up 0.21 per cent to close at 265.65 points, […]
Our Reporter A Federal High Court in Lagos has restrained Triton Aqua Africa Limited, Bharat Ventures Limited, Globus Resources Limited, Seafood Products Limited and Mr. Ashvin Samtani from accessing their N2,193,610,859.47 billion in 24 banks. Justice Oluremi Oguntoyinbo, who gave the order yesterday, ruled that the interim order subsists pending the hearing and determination of […]
Charles Abuede The domestic stock market extended the bullish sentiment on Thursday as the All-Share Index rose 0.07 per cent to settle at 38,799.83 points due to buying interest in Zenith Bank (+3.8%), GTBank (+2.7%) and Access Bank (+1.9%). Consequently, market year to date loss at -3.7 per cent was sustained and market capitalisation appreciated […]
The total volume of trades declined by 6.19 per cent [Reuters/Akintunde Akinleye] Specifically, the All-Share Index lost 150.13 points or 0.39 per cent to close 38,766.61 compared with 38,916.74 achieved on Thursday. RECOMMENDED ARTICLES Also, the market capitalisation lost N78 billion to close at N20.283 trillion from N20.361 trillion achieved on Thursday. The market loss […]
The Nigerian shed N67.178 billion or 0.33 per cent Thursday, following investors’ efforts to recoup gain yielded by bank shares in a rout that worsened the current bear run in the market. The pressure to sell weighed more on GTB, Zenith and Stanbic IBTC than other stocks on the bourse, dragging the banking index down […]
Equities trading begins the week on a bearish trend as the Nigerian Stock Exchange All-Share Index dipped by 0.39 per cent in the session to close at 38,766.61 basis points on Tuesday. After the Easter break, the local bourse went southward to peg the market capitalisation at N20.283 trillion as investors shed N78 billion from […]
Nigerian stocks slipped for fourth straight trading day Tuesday by 0.39 per cent, in a rout led by blue-chip bank stocks as there were no hints yet as to when the gloomy climate over a market that lost N624 billion in the year to March would end. Yields in the fixed income market are healing […]
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