Stress Test: Zenith, Larger Banks More Resilient, Fitch Says

Stress Test: Zenith, Larger Banks More Resilient, Fitch Says

The stress test conducted by the Central Bank of Nigeria (CBN) has confirmed the resilience of large banks to withstand stresses over smaller banks, even as it singled out Zenith Bank Plc for its strength in comparison to others. Citing a Financial Stability Report for December 2016, published recently, rating agency, Fitch, said in its […]

SEC APC Hears Rivers Ministry, Others Complaints Against BGL Today

SEC APC Hears Rivers Ministry, Others Complaints Against BGL Today

The Securities & Exchange Commission’s Administrative Proceedings Committee (SEC APC) will this morning (10am on Thursday, December 8, 2016), in Abuja, begin hearing in the case brought by the Rivers State Ministry of Finance and 32 others against BGL Plc, a capital market operator and 30 others. The matter initially slated for hearing on August […]

Go Beyond Selling Forex To Travellers, ABCON Boss Tasks BDC Operators

Go Beyond Selling Forex To Travellers, ABCON Boss Tasks BDC Operators

Alhaji Aminu Gwadabe, President of the Association of Bureaux De Change Operators of Nigeria (ABCON), on Wednesday urged members to broaden their services beyond selling forex for Personal Travel Allowance (PTA) needs of their customers. Speaking Wednesday at the South West zonal meeting of the association, he urged ‎them to foray into other equally lucrative […]

Unclaimed Dividend Has Dropped By N29.2‎bn Since November- SEC

Unclaimed Dividend Has Dropped By N29.2‎bn Since November- SEC

The Securities and Exchange Commission (SEC) says significant progress has been made in the road to reducing the volume of unclaimed dividend‎ in the books of registrars, particularly of companies quoted on the Nigerian Stock Exchange (NSE). Speaking during an interactive session with capital market journalists on the  third and last Capital Market Committee Meeting (CMC) […]

FG Can Earn N1000bn From ‘Negligible Telecom Surcharge’- Emefiele

FG Can Earn N1000bn From ‘Negligible Telecom Surcharge’- Emefiele

Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) on Friday night insisted that the country was in an economic condition called ‘stagflation’ rather than recession recession as being reported. In his keynote speech at the 2016 annual dinner of the Chartered Institute of Bankers of Nigeria (CIBN), he defined ‘stagflation’ as a situation […]

Merger With AMCON: Okereke-Onyiuke Ignorant, Call Misplaced, Says NDIC

Merger With AMCON: Okereke-Onyiuke Ignorant, Call Misplaced, Says NDIC

The management of the Nigeria Deposit Insurance Corporation (NDIC), on Monday described last Wednesday’s call by Dr. Ndi Okereke-Onyiuke, former Director-General of the Nigerian Stock Exchange (NSE) for merger of the corporation with the Asset Management Corporation of Nigeria (AMCON) as a display of ignorance,’ besides being unfortunate. The corporation, in a statement noted that […]

DMO To Sell N95bn Bonds Nov. 16

DMO To Sell N95bn Bonds Nov. 16

The Debt Management Office (DMO) said on Friday that it plans to sell bonds worth N95 billion on November 16. A breakdown shows that N35 billion worth of a bond maturing in 2036; N25 billion of paper maturing in 2026 and N35 billion of debt maturing in 2021, using the Dutch auction system. All the […]

FBN Holdings Terminates GDR Programme

FBN Holdings Terminates GDR Programme

The board of FBN Holdings PLC on Monday informed investors through the Nigerian Stock Exchange of the termination of its Global Depository Receipt (GDR) Programme on December 28, 2016.A letter by Tijjani Borodino, it’s company secretary, titled: “Cessation of the Global Depository Receipt Programme (GDR),” said Deutsche Bank Trust Company Americas in its capacity as […]

For The Record: Why We’re Taking Over Skye Bank – CBN

For The Record: Why We’re Taking Over Skye Bank – CBN

The Central Bank of Nigeria (CBN) had adduced reasons for the removal of the management of Skye Bank Plc., even as it announced an interim management to run the troubled bank. Read the apex bank’s full statement signed by   Ag. Director of Corporate Affairs, Isaac Okoroafor below: 1.The Central Bank of Nigeria (CBN) would […]

1 2 3 18