nigerian banks

GTBank, UBA, FCMB, 4 others not affected by dividend policy

As reactions continue to trail tough dividend rules recently introduced by the Central Bank of Nigeria (CBN), analysts at SBG Securities have said that seven lenders are not affected by the policy from a Capital Adequacy Ratio (CAR) perspective and using 9M 2017 unaudited figures. The analysts in a report obtained by correspondent, listed the […]

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Lagos commends Skye Bank, Dangote, others on security with platinum prizes

Skye Bank Plc and six other companies have been commended and awarded platinum prize for committing huge resources in support of securing lives and property in Lagos State. The six other companies are: Zenith Bank Plc; First Bank Plc; United Bank for Africa; Access Bank Plc; Dangote Group and MTN Foundation. The seven organisations were […]

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Nana Akufo-Addo talking

Nana Akufo-Addo hails Zenith Bank contributions to Ghanaian financial sector

Ghanaian President Nana Akufo-Addo has praised the contributions of Zenith Bank to the Ghanaian financial services sector. Describing the bank as a ‘truly pan-African bank’ with presence in several countries on the continent, he said that Africa needs institutions like Zenith Bank to bring about a united West Africa and Africa, that will engender future […]

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Godwin Emefiele

Emefiele is Nigeria’s best CBN Governor ever, says Ovia

The Chairman of Zenith Bank’s board, Mr. Jim Ovia has adjudged the University of Nigeria, Nsukka (UNN) as a training ground for capable and committed change agents, saying this was evident in the quality and capacity of the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, an alumni of the institution, whom […]

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Nigeria Stock Exchange Market

Zenith Bank, UBA shares decline, NSE capitalisation drops ₦30bn

Out of the five major indices of the Nigerian Stock Exchange, the banking index led losses at the close of trading on Thursday, as Zenith Bank Plc and United Bank Plc shares declined respectively by 1.9 per cent and one per cent. Overall, the banking index shed 0.3 per cent followed by the industrial goods […]

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Zenith Bank

Zenith Bank records ₦531 billion nine months gross earnings

Nigeria’s major financial institution, Zenith Bank Plc has declared gross earnings of ₦531.3 billion for the third quarter ended September 30, 2017. This was disclosed in the bank’s third quarter result released by the Nigerian Stock Exchange (NSE), to the investing public. The bank’s results in the period showed that the gross earnings represented a […]

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UBA House

UBA takes 30% haircut on 9mobile loans

Pan-African banking outfit, United Bank for Africa (UBA) Plc, said it has made provisions on loans to 9mobile, the mobile operator formerly known as Etisalat Nigeria. The bank did not give details of the provision but said it had a ₦38 billion ($125 million) exposure to 9mobile. UBA said the exposure was secured. It can […]

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Zenith Bank

Zenith Bank take 30% impairment on Etisalat loan

The Chief Executive of Nigeria’s Zenith Bank Plc, has said it has made a provision on 30% of its loan to 9mobile, the country’s fourth largest telecoms group formerly known as Etisalat Nigeria. The bank’s GMD, Mr. Peter Amagbo said: “We have taken about 30 percent … as a provision which we believe is very […]

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nigerian banks

DMBs to support SMEs with ₦26 billion

Deposit Money Banks (DMBs), yesterday announced the setting up of a projects review committee to oversee the disbursement of ₦26 billion equity funds for the Small and Medium Enterprises (SMEs) . Members of SMEs Projects Review Committee include the Managing Directors of GTBank, Zenith Bank, First Bank, UBA, Access Bank, FCMB, Unity Bank, CBN Director […]

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Zenith Bank

Zenith Bank declares ₦75.32 billion profit, 25k interim dividend in H1

Zenith International Bank Plc has declared a profit after tax of ₦75.32 billion for the half year ended June 30,2017 according to its half year result released at the Nigerian Stock Exchange (NSE) on Thursday. The report showed that the profit-after-tax increased by 112.35 per cent when compared with ₦35.47 billion posted in the preceding […]

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Zenith Bank, ETI, GTBank top best performing stocks chart in July

Zenith Bank Plc, along Ecobank Transactional Incorporated Plc, and Guaranty Trust Bank Plc (GTBank) lead 13 others to emerge as best performing stocks in the banking sector in July. At the close of trading on Monday, July 31, the stock price of Zenith Bank appreciated by 17.8 per cent, while ETI added 18.1 per cent […]

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CBN hq

6 Nigerian banks make top 1,000 global banks

Six Nigerian banks were ranked among The Banker Magazine’s Top 25 Banks in Africa and among 1,000 banks in the world. The banks so ranked are Zenith Plc, FirstBank Nigeria Limited, Guaranty Trust Bank Plc, Access Bank Plc, United Bank for Africa Plc and Diamond Bank Plc. According to the ranking, released late on Monday, […]

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