Markets

FBN Holdings Plc has sold its life insurance company and invested the N25 billion (about $66 million) proceeds as equity...

Custodian Investment Plc has signed a binding agreement with UAC of Nigeria Plc to purchase a 51 per cent equity...

In demonstration of its commitment to the development of micro, small and medium scale enterprises (MSMEs) in the country, the...

Banks’ loans to customers were priced between 15.01 per cent and 30.70 per cent in the first quarter of this...

Nigeria’s banks are expected to take a big hit to revenues and face rising borrowing costs this year as the...

President Muhammadu Buhari, yesterday, urged Nigerians to continue to exercise patience in the face of inconveniences created by enforced measures...

FBN Holdings Plc wednesday reported gross earnings of N296.4 billion for the six months ended June 30, 2020, showing an...

Following sustained bargain-hunting in some blue-chip stocks,  trading on the Nigerian Stock Exchange (NSE), closed upbeat yesterday, as All Share...

The volume of stage two loans could be a threat to the banking industry’s asset quality and future profitability even as...

The naira on Tuesday traded at N472 to a dollar at the parallel market as foreign exchange scarcity persisted. The...

A cost efficient strategy boosted the profitability of Lafarge Africa Plc despite the margin rise in revenue for the half...

A minimum of N1.9 trillion impaired loans has been written off by commercial and merchant banks operating in Nigeria from...

The payment of bills electronically almost doubled from January to May this year, compared with the same period in 2019....

Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the Central Bank...

The FSDH Group recently held its first Annual General Meeting under its new financial holding structure. For the year ended...

Following price gains by most blue-chip stocks, especially Unity Bank, and Guaranty Trust Bank (GTB), transactions on the equities sector...

Stage two loans at 23% of Gross Loans- A threat to the Banking Industry’s Financial Condition   Agusto & Co....

… Optimistic to scale through 2021 recapitalisation exercise   The ongoing recapitalisation exercise in the insurance industry may be getting...

C & I Leasing Plc has raised about N2.26 billion through a rights issue to boost its operation. The company...

The stock market recorded a positive performance last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated 0.58...

Agusto & Co. recently released its flagship 2020 Banking Industry Report which provides current and comprehensive analyses on the banking industry...