Topic
Banking
JPMorgan Merchant Bank Nigeria: CBN Gives In-Principle Approval as N50bn Deposit and Seven-Member Board Are Cleared
JPMorgan merchant bank Nigeria plan clears its first CBN hurdle: approval in principle, a reported N50bn deposit and Dapo Olagunju named managing director.
First HoldCo Profit Jumps 65% to N744bn in Nine Months as Shares Hit the 10% Daily Limit
First HoldCo profit after tax rose 65% to N744.45bn in nine months to September, sending shares up the 10% daily limit to N144.10 on the NGX on Friday.
Nigeria Private Sector Credit Falls N537.6bn in September Despite the CBN's Biggest Rate Cut Since 2006
Nigeria's private sector credit fell N537.6bn to N83.93trn in September, even after the CBN's 350bp rate cut. What is holding back bank lending in Nigeria.
J.P. Morgan Merchant Bank in Nigeria Moves Closer After N50bn CBN Deposit
J.P. Morgan's merchant bank in Nigeria is a step closer: the US lender has deposited N50bn with the CBN, meeting the licence capital floor. What it could do.
NGX Loses N1.47 Trillion in a Day as Dangote Cement Falls 5.5% and Banks Slip
The NGX All-Share Index fell 0.91% on 19 October, wiping N1.47 trillion off market value as Dangote Cement dropped 5.5% and bank stocks saw profit-taking.
Nigerian Banks Park N6 Trillion at the CBN After N2.4 Trillion OMO Repayment
Nigerian banks' CBN deposits topped N6 trillion after a N2.41trn OMO repayment, as the DMO rejected about 74% of bids at its latest Treasury bill auction.
Investors lose N110.16 billion as NGX market cap drops to N162.39 trillion
Equity investors on the Nigerian Exchange lost N110.16 billion on 7 October 2026 as market capitalisation fell to N162.39 trillion. The All-Share Index declined 0.07% to 250,096.75 points, extending a multi-day retreat.
GTCO, Stanbic IBTC and PZ reveal dates for dividends qualifications
Three NGX-listed companies have set October qualification dates for dividends ranging from N1 to N4.50 per share. PZ Cussons will pay a final dividend while GTCO and Stanbic IBTC will pay interim dividends.
NGX sheds N256 billion as five-day losing streak deepens
The NGX lost N256 billion on Tuesday, extending its losing streak to five sessions, even as the index's year-to-date gain remains above 60%.
African Bank Names Permanent CEO as It Presses Ahead With Turnaround
African Bank has named Zweli Manyathi permanent CEO as it presses ahead with a cost-cutting turnaround following executive upheaval.
African Bank Names Permanent CEO as It Presses Ahead With Turnaround
African Bank has named Zweli Manyathi permanent CEO as it presses ahead with a cost-cutting turnaround following executive upheaval.