The Central Bank of Nigeria, CBN has secured three separate interim orders from a Federal High Court in Abuja to freeze bank accounts linked to 194 business entities and individuals in 17 banks. This was contained in a post by the apex bank on its website yesterday pursuant to the court order. The freeze orders […]
The stock market rebounded last week after seven consecutive weeks of depreciation as investors responded positively to the dividends declared by Dangote Cement Plc and Stanbic IBTC Holdings Plc. The market had depreciated for six weeks due to weak investors’ sentiments. However, respite came last week as the Nigerian Stock Exchange (NSE) All-Share Index rose […]
GTB already has branches in Kenya, Ghana and eight other countries. The management of Guaranty Trust Bank is making plans to acquire a Kenyan lender. The bank’s managing director, Segun Agbaje, disclosed this at an investor call in Lagos, Bloomberg reported Monday. According to him, this is part of the bank’s plan to expand its […]
Guaranty Trust Bank Plc AUDITED FULL-YEAR GROUP RESULTS FOR THE YEAR ENDED DECEMBER 31, 2020: DECLARES A PBT OF N238.1BILLION Lagos Nigeria – March 18, 2021 – Guaranty Trust Bank Plc ("GTBank"), (Bloomberg: GUARANTY:NL/Reuters: GUARANT.LG), provider of diversified financial services, announces its Audited Financial Results for the year ended 31 December 2020 and declares a […]
Wema Bank Plc yesterday released its unaudited results for the year ended December 31, 2020, showing marginal decline in top and bottom-lines. The financial institution recorded gross earnings of N80.852 billion in 2020, indicating a decrease of 14.7 per cent compared with N94.890 billion in 2019. Net interest income improved by 19.4 per cent to […]
Closed Tuskys Wareng branch. FILE PHOTO | NMG We have been exposed to many different types of risks in Kenya on both a personal and business level. But, how do we explain the universe of risk types and risk factors in an organised way? In early 2020, many large hotels either faced imminent closure or […]
The use of GhQR is expected to see significant growth as the number of institutions gone live with it increases to 15. It comprises 11 financial institutions and four payment service providers. The four payment service providers currently offering GhQR are Vodafone Cash, AirtelTigo Money, Hubtel and GCB’s G-Money, while the financial institutions offering the […]
The GhQR was launched last year to add up to existing electronic payment channels The use of GhQR is expected to see significant growth as the number of institutions gone live with it increases to 15. It comprises 11 financial institutions and four payment service providers. The four payment service providers currently offering GhQR are […]
Mary Mulili, Executive Director, Business Development, UBA Kenya UBA Kenya has appointed Mary Mulili, as Executive Director, Business Development, following the Central Bank of Kenya’s approval. Mulili was the immediate former General Manager, Business Development Bank of Africa, Kenya. She has nine years experience in corporate, commercial, SME, institutional, retail, public sector, trade finance and […]
[files] Nigerian Stock Exchange (NSE). Photo: THEAFRICAREPORT The local bourse ended the first trading week of 2021 on a bearish note, as losses recorded on the second and last trading days eroded gains from the other trading sessions. The All-Share Index (ASI) and market capitalisation depreciated by 0.37 per cent to close the week at […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.