A person holds cash in different currencies. <i>Customers will not be able to spend above $20 or $50 a month on their naira cards.</sub> More Nigerian banks have reduced their monthly international spending limit on naira cards. The banks informed their customers they were reducing the limit from $100 to either $20 or $50 a […]
Tag: XNSA_GUARANTY
Nigeria: Trading in Fixed Income, Currency Markets Slumps to N14trn
Trading in the fixed income and currency (FIC) market has slumped back to declining trend after the December 2021 uptick. The January 2022 report just released by the FMDQ Exchange, Nigeria’s financial markets trading platform, has put transaction volume at N14.13 trillion, 31.21 percent down from N20.54 trillion recorded in December, 2021. This is even […]
GTCO to pay shareholders N88 billion total dividend
Guaranty Trust Bank (GTB) Guaranty Trust Holding Company PLC will pay shareholders a total dividend of N88.293 billion, translating to N3.0 for every share. of 50kobo, the firm said in a document published on the Nigerian Exchange Limited website and seen by PREMIUM TIMES on Friday. GTCO paid 30 kobo interim dividend for the first […]
Nigeria: Trading in Fixed Income, Currency Markets Slumps to N14trn
Trading in the fixed income and currency (FIC) market has slumped back to declining trend after the December 2021 uptick. The January 2022 report just released by the FMDQ Exchange, Nigeria’s financial markets trading platform, has put transaction volume at N14.13 trillion, 31.21 percent down from N20.54 trillion recorded in December, 2021. This is even […]
International Finance Corporation to extend $15m loan to GTBank
A GTBank branch in Nairobi, Kenya. PHOTO | FILE | NMG The International Finance Corporation (IFC) has announced it has extended a $15 million loan to Guaranty Trust Bank (Kenya) Ltd for lending to local businesses in the country, making it the third bank to secure such a facility in Kenya since the beginning of […]
CRR: CBN Debits Zenith Bank, Providus, FCMB, 11 Others N356.1bn
Kayode Tokede For the first time in 2022, the Central Bank of Nigeria (CBN) has wielded the big stick and debited Zenith Bank Plc, Providus Bank, First City Monument Bank (FCMB) Limited and 11 other banks N356.1billion for failing to meet its 27.5 per cent Cash Reserve Requirement (CRR) obligation. The fresh debit, which THISDAY […]
Zenith, Gtbank Lead List of Nigeria’s Most Valuable Banks in January
The list of Nigerian most valuable bank for the first month of 2022 has been revealed with Guaranty Trust Bank and Zenith bank keeping their positions The value of the banks were calculated using how much was added to their total share price as at Friday, December 31, 2021 Nigerian banking sector stocks continue to […]
Stock Market Sheds N2bn On Investors’ Profit-taking
The Nigerian equities market yesterday shed N2 billion on investors’ profit taking in 15 stocks after the massive gaining streak recorded the previous day. The All-Share Index declined by 4.08 per cent, representing a decrease of 0.01 per cent, to close at 44,604.74 points. Similarly, the overall market capitalisation value lost N2 billion to close […]
Zenith flips Guaranty in share price for the first time since 2011
At the close of trading on Thursday, the market witnessed a flip that last occurred 11 years ago between the banking giants – Zenith Bank and Guaranty Trust Bank, being one of the top liquid stocks listed on the Nigerian stock exchange. For the first time since September 22nd, 2011, Zenith Bank share price traded […]
Zenith, GTbank Five Others are Nigeria’s Most Valuable Banks For 2021(Full List)
The list of Nigerian most valuable bank for 2021 has been revealed with Guaranty Trust Bank and Zenith bank leading the list The value of the banks were calculated using how much was added to their total share price as at Friday, December 31, 2021 Nigerian banking sector stocks remains one of the most traded […]