A Kenya bank has appeared in the top 10 list of best lenders in Africa for the first time in the series ranking, demonstrating the growth of the country’s banking sector. The Equity Bank Group ranks number seven in the 2020 ranking by The Banker, a global financial intelligence firm, scoring 5.82 out of possible […]
A Kenya bank has appeared in the top 10 list of best lenders in Africa for the first time in the series ranking, demonstrating the growth of the country’s banking sector. The Equity Bank Group ranks number seven in the 2020 ranking by The Banker, a global financial intelligence firm, scoring 5.82 out of possible […]
The Nigerian stock market opened for four trading days this week as the Federal Government of Nigeria declared Thursday 1st October 2020 a Public Holiday. The All-Share Index appreciated by 2.53% while Market Capitalization appreciated by 2.55% to close the week at 26,985.77 and N14.105 trillion respectively. Investors gained a whopping N350.12bn. A total turnover […]
WorldStage Newsonline– The Nigerian Stock Exchange (NSE) market capitalisation crossed N14 trillion mark on the last trading day of September due to sustained confidence. Speficially, the market capitalisation on Wednesday rose by N118 billion or 0.84 per cent to close at N14.025 trillion against N13.907 trillion achieved on Tuesday. The increase in the market capitalisation […]
Guaranty Trust Bank Plc AUDITED HALF-YEAR GROUP RESULTS FOR THE PERIOD ENDED JUNE 30, 2020: DECLARES A PBT OF N109.7BILLION Lagos Nigeria – September 2, 2020 – Guaranty Trust Bank Plc ("GTBank"), (Bloomberg: GUARANTY:NL/Reuters: GUARANT.LG), provider of diversified financial services, announces its audited financial results, in accordance with IFRS, for the period ended 30 June, […]
Top Ten Highest Earning CEOs in Nigeria The affairs of an organisation lie in the hand of the Chief Executive Officer, who oversees the affairs of the company, takes praise and blames for the company’s affairs. This article contains the list of highest-earning CEOs from different companies listed on the Nigerian Stock Exchange. The main […]
Across the world, the impact of the novel coronavirus is still severe despite the ease of lockdown for economic reasons. The uncertainty continues to heighten and no economy is spared from the fall-out from the COVID-19 outbreak. Many African capital markets are bearish: Namibia, South Africa, Mauritius, Egypt, Morocco, Kenya, Ghana, Malawi and a few […]
West Africa’s major banks could suffer a spike in loan defaults as lower oil prices and the acute economic impact of the coronavirus pandemic hits the region, analysts said. In Nigeria, Africa’s biggest oil producer and fourth-largest banking sector by assets, lenders are heavily exposed to the energy sector. Lending to oil and gas companies […]
gt bank stricking staff The striking Guaranty Trust Bank Gambia Limited workers have resumed work, Freedom Newspaper can report. This followed an appeal made to them by the Bank’s first Deputy Governor to call off the strike action. The Deputy Governor has promised to look into their demands. Meanwhile, some staff rep of the Bank […]
Online – 2020-MEA Logo The economic impact of the coronavirus has led to Kenya’s seven largest banks restructuring loans worth Sh176 billion—equivalent to 6.2 percent of the industry’s total gross loan book of Sh2.8 trillion. The pandemic has damaged Kenyan borrowers’ ability to repay their loans, particularly within the tourism sector, which has felt considerable […]
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