Browsing: Banking
GCR ratings have affirmed Providus Bank Limited’s national scale long and short-term issuer ratings of BBB-(NG) and A3(NG) respectively; outlook maintained…
The International Monetary Fund (IMF) has endorsed Nigeria’s ongoing bank recapitalisation drive. It said that stronger capital buffers are cushioning the financial system against external shocks and strengthening resilience amid intensifying global uncertainties.
Nigeria’s 33 recapitalised deposit money banks (DMBs) sourced 72.5% of their combined capital injections locally over two years, the Apex Bank said in an official statement.
The Central Bank of Nigeria (CBN) has announced the successful conclusion of the banking sector recapitalisation programme initiated in March 2024.
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has reiterated its commitment towards building tangible economic bridges and strengthening diaspora-driven investment into Nigeria.
GTCO Plc has reached a market valuation of N4.513 trillion on the Nigerian stock market, amid significant gains by its main competitor, Zenith Bank.
CBN Reduces Interest Rate on 364-Day Treasury Bills The Central Bank of Nigeria (CBN) has lowered the interest rate on…
Fidelity Bank, Partners Sign MoU, Launch Women Empowerment Initiative Fidelity Bank Plc has signed a Memorandum of Understanding (MoU) with…
Reflecting weak appetite for loans, deposit money banks (DMBs) significantly increased their placements at the Central Bank’s Standing Deposit Facility (SDF) window, reaching N6 trillion as of Thursday.
Dangote Sugar Refinery Plc’s (Ticker: DANGSUGAR) share price nosedived by 10% as investor sentiment deteriorated after an unimpressive earnings performance.