By Aduragbemi Omiyale The Christian Association of Nigeria (CAN) has subtly advised its members in the country not to carry out their financial transactions through Sterling Bank Plc. In a statement issued on Wednesday, the body also called for the removal of the Managing Director of the lender, Mr Abubakar Suleiman, from office over an […]
By Aduragbemi Omiyale Sterling Bank Plc will be sanctioned for releasing a message believed to be offensive to Christians to celebrate Easter, the Advertising Practitioners Council of Nigeria (APCON) has promised. Over the weekend, the lender posted an advertising material for Easter and in the message, it compared Jesus Christ with Agege Bread. “Like Agege […]
Working in the banking industry is a dream for many Nigerian graduates because they believe there is a lot of money to be made And indeed there is, as 10 commercial banks paid workers salaries and wages of over N400 billion in 2021 The amount captured in this report only covers salaries and wages and […]
Conoil, Sterling Bank among top gainers as Nigeria’s stock market rebounds from bearish run | The Paradise News Investors at the Nigerian stock market went home with a mere N3.97 billion following the rise in equity capitalisation to N25.418 trillion on Wednesday. The figure was N3.97 billion higher than the N25.414 trillion posted by the […]
Tijani Babatunde Folawiyo Akin Kuponiyi A Federal high court sitting in Lagos on Thursday granted an order for AMCON to take over the assets of a Lagos businessman Tijani Babatunde Folawiyo. The asset seizure was ordered based on Falawiyo’s unpaid debt of N727.9 million. The order of the court was sequel to an application filed […]
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 […]
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 […]
Transactions on the Nigerian Exchange Limited (NGX) continued in an upbeat mood yesterday, as gains in 30 stocks lifted market capitalisation further by N69 billion. Specifically, market capitalisation of listed equities increased by 0.27 per cent to N25.480 trillion from N25.411 trillion reported on Wednesday. Also, the NSE All Share Index, which measures the performance […]
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 […]
Zenith Bank solidified its position as the most capitalized financial institution listed on the Nigerian equities market, having gained N32.97 billion in the month of February 2022 to close the month at N850.85 billion. This is according to data collected by Nairalytics , the research arm of Nairametrics from the Nigerian Exchange Group (NGX). The […]
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