At the close of trade, price declines in ZENITH (-2.1%), GUARANTY (-1.1%) and ACCESS (-1.7%) dragged the All-Share Index down 14bps to 21,300.47. Consequently, YTD return settled at -20.6% while…
Category:
Finance
-
-
Today we face economic upheaval potentially more severe than we witnessed during the global financial crisis. The coronavirus pandemic is a different…
-
The Central Bank of Nigeria (CBN), has put on hold clearing in the Nigerian financial system. CBN said that all deposit money…
-
As part of proactive efforts to ease banking worries during the ongoing Coronavirus outbreak in Nigeria, foremost financial institution, Union Bank, has…
-
Central Bank of Nigeria CBN has assured Nigerians that there will be uninterrupted banking services during the lockdown in Lagos, Abuja and…
-
Today, the domestic equities market declined 243bps to 21,330.79 points following sell-offs in MTNN (-10.0%), ZENITH (-5.2%) and GUARANTY (-3.0%). Consequently, YTD return fell to -20.5% while market capitalisation decreased ₦276.7bn…
-
EconomyFinanceNews
COVID-19 – Ecobank Commits N100m to radio campaign “StaySafeNigeria”, free digital money transfers charge below N5,000
Ecobank Nigeria says it is committing about a hundred million Naira to drive its National Radio Campaign “StaySafeNigeria”, being part of its corporate actions to…
-
As the Federal Government, through the Federal Ministry of Health and the Nigeria Centre for Disease Control (NCDC), intensifies effort to check…
-
Prices of shares at the Nigerian Stock Exchange maintained a positive trend with the indices appreciating further by 0.48 percent. Specifically, the…
-
International Monetary, Financial Committee Chair Lesetja Kganyago and International Monetary Fund Managing Director in a joint statement have said that although the…
-
African Development Bank (AAA) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact…
-
United Bank for Africa Plc (UBA) has donated over N5 billion, through the UBA Foundation, to catalyse a comprehensive pan-African response to…
-
Today, the benchmark index appreciated 13bps to 21,757.47 points due to buying interest in banking stocks – GUARANTY (+5.3%), ACCESS (+9.8%) and UBN (+10.0%). Consequently, YTD return settled at -18.9%…
-
EconomyFinanceNews
US regulators encourage banks, others to offer responsible small-dollar loans to consumers, small businesses affected by COVID-19
Five US federal financial regulatory agencies have jointly encouraged banks, savings associations and credit unions to offer responsible small-dollar loans to consumers…
-
EconomyFinanceNews
Union Bank partners 54Gene to raise $500,000 towards Nigeria’s fight against COVID-19
Union Bank, one of Nigeria’s foremost financial institutions has announced a $130,000 (N50million) donation to tackle the spread of the Coronavirus pandemic…