Dangote Cement Set To Issue N300bn Bonds
  By Our Reporter Dangote Cement Plc has revealed intentions to issue N300 billion bonds. The company, in a notice to the Nigerian Stock Exchange (NSE), on Monday, announced its inaugural issuance of bonds under its N300 billion shelf registration programme. The company said it has obtained approvals from... Read more
Fidelity Bank increases dividend to 20 kobo as profit hits N28bn
Fidelity Bank MD, Nnamdi Okonkwo   By Our Reporter This is cheering news for shareholders of Fidelity Bank Plc, as they will get higher dividend for the 2019 financial year as the lender has increased payout to 20 kobo from 11 kobo it paid for the 2018 fiscal year.... Read more
Access Bank shuts Victoria Island, Lagos branch over coronavirus
  By Our Reporter Access Bank Plc has temporarily closed its Ligali Ayorinde, Victoria Island, Lagos branch after a visitor tested positive for coronavirus. “We have confirmed that an individual who visited our Ligali Ayorinde branch on Monday 16th March 2020, has tested positive for coronavirus,” Access Bank said... Read more
Its naira adjustment, not devalue- CBN
Godwin Emefiele   By Our Reporter The Central Bank of Nigeria has stated in clear terms that it only adjusted the naira and did devalue it. The CBN was reacting to news that it devalued the Naira by as much as 15 percent, moving it from the official price... Read more
CBN introduces uniform exchange rate for naira
CBN Gov. Godwin Emefiele   By Our Reporter The Central Bank of Nigeria (CBN) has decided to collapse the multiple exchange rate policy which was used to determine the value of the Naira and move to a single exchange rate policy. Some inside sources who want to remain anonymous... Read more
Analysis: Is First Bank’s acquisition of Heritage Bank and Polaris Bank a game changer?
Adesola  Kazeem Adeduntan MD/CEO First Bank Age they say is nothing but a number but not when you are 126 and still relevant. FirstBank Ltd, Nigeria’s oldest bank has in so many ways stood the test of time. If there is any bank you can reference for experience when... Read more
CBN rolls out interventions to cushion effects of coronavirus…reduces interest rates
By Our Reporter The Central Bank of Nigeria has announced measures to cushion the effects of coronavirus on the Nigerian economy. The apex bank predicts that the global economy will definitely go into recession as a result of the prevailing situation around the world. Amongst the measures announced is... Read more
Zenith Bank to pay N87.9b dividend to shareholders
  Chairman, Zenith Bank Plc, Mr Jim Ovia   By Our Reporter Shareholders of Zenith Bank Plc, on Monday, at the 29th Annual General Meeting of the Bank held at the Shehu Musa Yaradua Centre, Abuja unanimously approved the proposed final dividend of N2.50 per share, bringing the total... Read more
L-R: Julius Berger Abumet GM Tamas Hovarth explains a point to the Hon. Min. for Industry, Trade & Investment Otunba Niyi Adebayo, CON, as Distinguished Sen. Ita Enang and JBN Dir. Mrs Belinda Disu listen at the Evonig Glass Production Plant Commissioning in Abuja recently   By Our Reporter... Read more
Polaris Bank customers panic over safety of deposits as EFCC arraigns staff for alleged N22million Fraud
  By Our Reporter Some customers of Polaris bank are currently not comfortable with the safety of their deposits on account of current ugly development whereby the Economic and Financial Crimes Commission (EFCC) arraigned a staff of the bank, formerly Skye Bank Plc, Babatunde Keshinro, in an Ikeja Special... Read more