Upon jumping Inflation, CBN’s MPC Hikes Interest Rate
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) Tuesday voted to increase the Monetary Policy Rate (MPR) further by 50bps to 26.75% (Previous: 26.25%) at its July policy meeting. The Committee’s decision to raise the policy…
Why Zenith Bank Leads Tier 1 for 15 years in 1000 World Banks’ Ranking
Nigeria’s banking giant, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker Magazine. This ranking places Zenith Bank Plc as…
Why CBN Took Over Funds In Dormant Account
The Central Bank of Nigeria (CBN) has directed all banks and other financial institutions to transfer funds in all dormant accounts to the apex bank. A circular by CBN Ag. Director of Financial Policy and Regulations, Mr. John Onoja weekend…
Stakes High as CBN Ready for Next Week MPC Meeting
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is set to meet on 22 and 23 July, 2024, for their fourth meeting of the year. As expected, the MPC will assess recent developments in the global…
Zenith Bank to Beat N1tn Profit Mark in 2024—Umeoji
Nigeria’s leading financial giant, Zenith Bank Plc, held its Capital Markets Day last week to showcase the bank’s inherent values as it embarks on its recapitalisation journey. The event, which brought together key market players, focused on the bank’s growth…
Access, FCMB, Fidelity Utilizing NGX Invest APIs
Nigerian Exchange Group (NGX Group) has unveiled NGX Invest, a groundbreaking digital platform designed to streamline Public Offerings and Rights Issues in the Nigerian capital market. The platform, which has received approval from the Securities and Exchange Commission (SEC), is…
Zenith Bank rakes in Honours at World Finance 2024 Awards
Nigeria’s leading financial giant, Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2024, retaining the award for a fourth consecutive year. The bank was also named as Best Corporate Governance, Nigeria…
Chiemeka’s appointment as NGX CEO will deepen market growth – Group
The appointment of Jude Chiemeka as the Chief Executive Officer (CEO) of the Nigerian Exchange Limited (NGX) has continued to generate widespread acclaim from industry professionals, who believe his extensive experience and proven leadership qualities will drive NGX towards sustained…
(Special Report) How Nigeria’s capital market entered Q1-24 with high hopes, but…
Coming off the back of a reform-laden 2023, the Nigerian bourse market kicked off the year high-spiritedly, giving credence to the long-held view that market-friendly reforms, to whatever degree, would cause an upward repricing of Nigerian tickers. The bullish momentum…
Access Holdings Rights Issue’ll deliver 2023-2027 strategic plan— Agbede
…Seals Deal to raise Plan Following the recent signing by Access Holdings Plc of a formal agreement to raise a total of N351,009,103,017.20 Rights Issue to shareholders, the Acting Managing Director/Chief Executive Officer of Access Holdings Plc, Bolaji Agbede, has…
