•With 27% female CEOs, banks make great leap in sustainable principles The banking industry has made a dramatic leap in its Nigerian Sustainable Banking Principles (NSBP) with the recent appointments of two females as Chief Executive Officers (CEOs). The coming on board of the CEOs, Mrs. Miriam Olusanya for Guaranty Trust Bank (GTBank) and Mrs. […]
Ecobank Ghana and GCB Bank continued to show their dominance in the banking industry, controlling almost a quarter of the industry’s deposits in 2020. They controlled about 23.9 per cent of the banking industry market share in terms of deposits in 2020. According to research analysis by investment firm; Tesah Capital, Zenith Bank was the […]
The banking sector is presently witnessing an increase in the number of female managing directors/chief executive officers. Over the years, these remarkable women climbed the career ladder to get to the top after starting at the bottom. With dint of hard work, consistency, dedication and ambition, they successfully changed the narrative, breaking the proverbial glass […]
The bears returned to the Nigerian equities market during the week ended Friday, 18th June 2021 after two consecutive weeks of gains. Investors in Nigeria’s stock market lost about N266 billion as the market capitalisation declined by 1.3% to close at N20.14 trillion. This is according to the weekly stock market report released by the […]
Nigerian Exchange Group (NGX) The increasing appetite for interim dividend-paying stocks has continued to propel transactions across all sectors on the Nigerian Exchange Limited (NGX), as investors’ wealth soared by N147 billion in three trading days. Specifically, the market capitalisation, which stood at N19.923 trillion when the market reopened for trading on Monday, rose by […]
Guaranty Trust Bank has announced the appointment of Mariam Olusanya as Managing Director. This is according to a notice signed by the company’s secretary, Erhi Obebeduo, and sent to the Nigerian Exchange Group Limited (NGX). Olusanya has over 20 years experience cutting across Transaction Services, Treasury, Assets and Liability Management. She joined Guaranty Trust Bank […]
A Federal High Court sitting in Lagos has restrained Integrated Energy Distribution and Marketing Company Ltd and Polaris Bank from tampering, howsoever, with funds standing to their credit up to $6,759,000 (about N2.8 billion) or its equivalent in any currency in 25 banks, the Debt Management Office and Federal Ministry of Finance. Justice Daniel Osiaigor, […]
Ecobank Transnational Incorporated (“ETI”), the parent company of Ecobank Group, has announced plans to raise US$300 million from the international debt capital markets through the issuance of Tier 2 qualifying sustainability Notes pursuant to the United States Securities and Exchange Commission Rule 144A and Regulation S (the “Notes”). The leading financial institution listed on the […]
Provisions for loan losses grew exponentially in the period ended December 2020, increasing by Shs149.1b, according to financial results released by different commercial banks. This was the highest growth in over years, signaling a difficult period for the banking sector and borrowers, whose capacity to repay loans was highly impacted by Covid-19. According to data […]
Provisions for loan losses grew exponentially in the period ended December 2020, increasing by Shs149.1b, according to financial results released by different commercial banks. This was the highest growth in over years, signaling a difficult period for the banking sector and borrowers, whose capacity to repay loans was highly impacted by Covid-19. According to data […]
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