Tag Archives: CBN

Royal Exchange Plc, Nigeria’s foremost financial services group is set to unlock new growth potentials that will increase consumer value and better returns on investment to its teaming shareholders. The company with interest in general insurance, life insurance, asset management, healthcare as well as micro finance banking is taking advantage of synergies, as a financial conglomerate in its new drive …

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Chairman of Board of Directors of Unity Bank Plc, Mr. Thomas Etuh has retired from the Bank’s Board with effect from October 4th, 2017 while the Board has also approved the appointment of Alhaji Aminu Babangida (the erstwhile Vice Chairman of the Board) as the new Chairman of the Board in line with the Bank’s succession plan. A statement from …

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Ecobank Transnational Incorporated (ETI) on Wednesday announced 12 per cent increase in profit for the nine months ended September 30, 2017 to N57.95 billion from N51.76 billion in nine months ended September 30, 2016. The pan-African financial institution profit before tax also rose by marginally by three per cent to N69.4 billion as against N67.5 billion in prior nine months …

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The Debt Management Office (DMO) has revealed that the 10-year tenor bond issued in the just-concluded October auction recorded a 97 per cent oversubscription. The DMO, in a bond summary disclosed that the five-year tenor bond posted six per cent subscription, adding that of the N50 billion offered for each bond, the five-year tenor bond recorded N3 billion subscription from …

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The Securities and Exchange Commission (SEC) said the attention of the Commission has been drawn to a publication by Sahara Reporters titled “How SEC Director-General Illegally Paid Self Severance Benefit, Awarded Contracts To His Companies”. SEC said it had been aware of the allegations contained in that article since January 2017 following the receipt of a petition to that regard. …

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Despite the challenging operating environment, Access Bank Plc, one of the leading tier one bank, has announced its third quarter (Q3) results for 2017 which reflect the Bank’s ability to generate sustainable earnings. The full service commercial bank with headquarters in Nigeria, has its other operations across Sub-Saharan Africa, the UK, Asia and the Middle East, According to the bank’s …

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Nominee Chairman of the Federal Road Maintenance Agency (FERMA), Dr. Tunde Lemo has advised Nigerians to take their destinies in their hands and mind the process producing leaders in the country. Lemo, former Deputy Governor of the Central Bank of Nigeria (CBN) gave this charge at the 70th anniversary of Nigeria’s foremost tertiary institution; the Yaba College of Technology in …

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The National Bureau of Statistics (NBS) says the Gross Domestic Product in real terms declined in the third and fourth quarters of 2016. The NBS made this known in its “Nigerian Gross Domestic Product (GDP) Report on Expenditure and Income Approach for the third and fourth quarter of 2016 released in Abuja. According to the report, the decline followed the …

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The slidding mood on the floor of the Nigerian Stock Exchange (NSE) came under control on Tuesday as the All-Share Index gained 118.89 points or 0.33 per cent to close at 36,531.62, compared with 36,412.73 recorded on Monday. Also, the market capitalisation increased by N41 billion or 0.33 per cent to close at N12.574 trillion against N12.533 trillion achieved on Monday. Specifically, the financial …

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Jingdong Hua, Vice President and Treasurer Nigeria is already one of the largest economy and the country with the biggest population on the African continent. By 2050, it will be home to 410 million people, making it the third most populous country in the world. Sustained economic growth is therefore imperative to meet the challenges of this demographic transformation, bringing …

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