banks

RECAPITALIZATION OF NIGERIAN BANKS AND ITS IMPACT ON THE CAPITAL MARKET- ASHON CHAIRMAN: 1. Recapitalization Requirements: - The Central Bank of Nigeria (CBN) announced new capital base requirements for banks, ranging from N200 billion to N500 billion, based on the bank’s authorization...

CAPITALISATION: FIDELITY BANK OPENS N127BN PUBLIC OFFER Fidelity Bank has initiated a public offer and rights issue to raise N127.1 billion to comply with the Central Bank of Nigeria’s new capitalisation requirements. The bank aims to collect N97.5 billion from the public offer and N29.6...

NIGERIAN BANKS SUBMITTING RECAPITALISATION PLANS, CENTRAL BANK SAYS Nigerian banks have started submitting their plans to meet the new minimum capital requirements set by the Central Bank of Nigeria (CBN) to enhance the financial system and support economic growth. This comes after the CBN...

ZENITH BANK EMERGES NIGERIA’s MOST SUSTAINABLE BANK Zenith bank plc has been named the 'most sustainable bank in nigeria' for the second consecutive year by the international banker 2024 banking awards. the bank's commitment to sustainable banking practices has been highlighted as a key factor...

Banks blocked users from recharging their MTN lines using their platforms, Internet banking, Mobile app, and the USSD on Thursday, due to MTN reportedly offering to reduce the 4.5% they give banks to 2.5%. after disconnecting users from using their platforms to recharge their lines, it seems...

The announcement which was made on the 16th of March, 2020 was met with outrage by Nigerians on social media, claiming the Nigerian government is just out there to make life frustrating for her citizens, even after recently increasing the price of petrol to N212 from N167. Nigerians have had to...

Picking up the spot for Nigeria's second-largest bank by customer deposit was Zenith Bank Plc with deposits surpassing a N4 trillion mark closing in on Nigeria's number one, First Bank Ltd. Access Bank Plc. was knocked down from second place due to the recent growth of Zenith Bank Plc...

Fidelity Bank has announced N105.8bn in gross earnings, H1 2020. A rise of N2.1bn was indicated when compared to gross earnings, H1 2019. Interest income of N84.3bn appreciated by N2.8bn to close at N87.1bn while the Interest expense declined by N9.6bn from N48.9bn to close at N39.3bn. Also...

Zenith Bank plc has revealed it's gross earnings of N346 billion for H1 2020. The declaration was included in audited results of the bank presented to NSE. A 4.4 percent appreciation was indicated in gross earnings, H1 2020 when compared to last year's gross earnings of N332 billion, H1 2019...