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The banks have made a lot from their account maintenance charges, who would have thought that N25 or N50 could make these guys billions?
Nigeria’s tier-1 banks — comprised of First Bank, UBA, GTBank, Access Bank, and Zenith Bank (FUGAZ) — generated a total of N18.4 billion from bank maintenance...
The United States super oil major, Chevron Corporation, has slated 6,750 staff for sack in one of the biggest global mass disengagement of work force. The mass sack, the company with third biggest Joint ventures in Nigeria said, represents a cut of between 10 per cent and 15 per cent of its...
The Federal Controller of Works in Lagos, Mr Kayode Popoola, on Sunday said the government had begun “systematic maintenance of all bridges in Lagos’’ to ensure smooth rides and safety.
Popoola told the News Agency of Nigeria (NAN) on the telephone that government had a schedule to fix all...
Coca-Cola stopped putting cocaine in its soda in 1903 due to its explosive use by the African-American community.
The Whites feared that Black men were getting high on the drink and thus posed a great "rape" threat to White women.
Southern newspapers reported that “negro cocaine fiends” were...
Banks online services recorded a massive 3.4 million transactions, showing and customers are having more confidence in online transactions that in the past.
A huge come back from the sallah brake was led by Nigerian Breweries, Stanbic.
Consequently, the All-Share Index rose by 10.66 basis points or 0.07 per cent to close at 25,221.23 index points as against 25,204.75 recorded last Friday while market capitalisation of equities appreciated by N9bn or...
Due to the FG reduction in oil ex-depot price, marketers are expected to gain N8.3B in profit this month. Data obtained from the PPPRA Abuja showed that since the N25.28 reduction in the ex-depot price of petrol and PPPRA’s silence on price review, marketers had been making larger profit margins.
Investor understand that the money invested in firms are used for the running of businesses to make profits which shareholders would cash out as dividend. Since the ease of lockdown, banks have fired a Number of staffs and reduced branches in operation to cut down loss and manage investment...
With the fight for accurate service and security for customers monies, banks have spent N46.2b to acquire top notch software's and upgrades. This has shown the importance of IT and technology advancement in the banking industry which digital currency might soon be a top for Nigerian banks.
As central banks all over the world develop their digital currency to stabilize their economy and I'm prove payment services, the us is not liking the idea as this world kick against the us dollar as a global currency for business and trade.
Josh Younger an American financial analyst said...
Market analyst feel that the stock market will experience low and moderate activities. Nkem Azinge said,
"Going into next week, there is an OMO maturity coming in. So, that will help to ensure balance. It is a short trading week. So, liquidity will just be moderate,”
In the FX market, the CBN...
The Debt Management Office disclosed that the FG has set in motion the sales of N150bn seven-year Sukuk bond offer meant for the development of road infrastructure in different parts of the country.
The DMO Proceeds will be used solely for the construction and rehabilitation of key roads across...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has stated that Nigeria is facing its worse economic down turn in history, all thanks to covid-19 and and the fall of oil price, the funds expected for the 2020 budget has bewn hit hard by the economic bad frame.
The minister...
Operating a Nigerian stock broker is like operating another international stock broker, but you have to confirm with NSE the active list of stock brokers. Ypu could check for favourable terms with a broker such as spread value, leverage and payment options.
Now to switch to another stock broker...
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