Browsing: Banks

The Naira on Friday recorded loss at the official market, trading at N1,483.99 to the dollar.

A Lagos-based public affairs analyst, Gbenga Ibrahim, has commended President Bola Tinubu and the

The Conference of Autochthonous Ethnic Communities Development Association (CONECDA), has urged

The Nigeria Customs Service (NCS) Skills Acquisition Centre for Seme Border and neighboring communities

Katsina State Government says it collected N4.08 billion as Internally Generated Revenue (IGR) in the first

Nigerian big banks market value settled at N4.4 trillion on Friday amidst sell pressure in the local exchange. The combined valuation of these Nigerian top lenders was a result of mixed share price movements in the last five trading sessions.

Fidelity Bank Plc benefited from a fresh rally on the Nigerian Exchange, led the gainers chart over a five day rally. The bank’s share price rose sharply, up by 23% week on week as value hunters and shareholders queued behind the financial services stock.

The naira continued to underperform bullish expectations of major investment firms, including Goldman Sachs, Financial Derivate Companies, Renaissance, and others, amidst claim by the apex bank that the local currency is undervalued.

Banks earnings rose sharply in 2023 as Nigerian lenders earned higher interest income from loan book repricing.  In the latest earnings release by banking sector dominating lenders, their individual report showed interest income skyrocketed using effective pricing method.

The African Banking Digital Transformation Report, a collaboration between pan-African publication African Banker and Backbase, creators of The Engagement