UBA, Zenith Bank, others lift NSE’s turnover by N26.4b
Heavy transactions in the shares of some banks, especially United Bank For Africa Plc (UBA) and Zenith Bank, last week, enhanced the volume of shares traded, as a turnover of 2.387 billion shares worth N26.381 billion were recorded in 28,072....
Sterling Bank unveils ‘flexi-work’ rules for staffers
Sterling Bank Plc has unveiled its new employee relation’s rule, tagged Flexi-time and Flexi-place, as employees’ welfare in the banking industry becomes topical in the midst of policy and economic challenges.
Banks borrow N420b to ease liquidity pressure
The nation’s Deposit money banks at the weekend, raised their cumulative borrowings from the Standing Lending Facility of the Central Bank of Nigeria (CBN) to the tune N420 billion at 14 per cent.
Shareholders of C&I leasing approve firm’s four kobo dividend
For increasing shareholders value on investment through dividend payout and adherence to corporate governance principles, shareholders of C&I Leasing Plc have commended the company’s board on its 2015 performance.
FirstBank leads discourse on SME, tech start-ups
It will share ideas on the best ways of harnessing information and communications technology to lower operating costs and create new business opportunities within the economy
CBN’s N3 billion entrepreneurship development scheme begins
Following the inauguration of the initiative by the CBN and the subsequent launch of the business application portal by Heritage Bank-the partner financial institution, in March this year...
Stock market indices hit 10tr mark, surge by N760 billion in three days
Specifically, market capitalisation of listed equities, which stood at N9, 284 at close of trading last week Tuesday, rose by N760 billion billion or 7.6 per cent† to N10.04 trillion by Friday.
Experts optimistic on new forex policy, seek transparency
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said that part of the new policy seeks to establish futures trading, which would help to fizzle out spot speculations