THE Development Bank of Nigeria is set to deploy $1.3 billion as loans to Micro, Small and Medium Enterprises (MSMEs) in the country. 

ALMOST one year after the Central Bank of Nigeria, CBN, began a drive towards lower interest rates, about eighteen banks have declined to toe the apex bank’s policy line.

FBN Insurance has   won the insurance company of the year award at the annual Africa Re Insurance Awards at the just concluded African Insurance Organisation, AIO, annual meeting    in Ghana.

WE continue our inquest into the current earnings performance of leading companies in the Nigerian Stock Exchange, NSE, at the backdrop of the continued adverse investor sentiments on the stocks.

IN Q1’18 Dangote Sugar Refineries’ revenue declined 30.9% year-on-year (YoY) to  N41.1 billion, much lower than analysts’ projection of  N48.2 billion for the quarter (-17.2% deviation). But the company’s after tax earnings improved by 10.9% YoY to  N5.3 billion, although this also lagged analysts’  N6.8 billion estimate (29.7% deviation).

DOMESTIC investors have continued to dominate trading on the equities market for three months in a row, as they traded N497.15 billion worth of shares for the first quarter, Q1, ended March 31, 2018.

MICROFINANCE banks’ operators have commended the new Anti Money Laundering/Counter Financing Terrorism (AML/CFT) sanction regime saying it will enhance public confidence in the banking system.

THE World Health Organization, WHO, has said that reduction in the spread of Lassa fever has reduced the risk posed to investors.

FSDH Merchant Bank has distributed to its shareholders N2.84 billion representing 60 percent of its profit after tax (PAT) as dividend for the year ended December 31 2017.

SHAREHOLDERS of  NASCON Allied Industries Plc, a subsidiary of Dangote Group, have unanimously approved a dividend payout of N3.97 billion for the financial year ended December 31,2017, representing an increase of 115 percent from N1.85 billion declared in 2016

CAPITAL market operators have said that the equities market will remain mixed this week following the near conclusion of release of quarter one, Q1’18, earning reports by quoted companies.

THE much trumpeted expansion in the economy which has continued in the last three quarters as represented by improvement in macro-economic indices has failed to lift the fortune of companies operating in the country.

TWO banks, Diamond Bank and Fidelity Bank have rewarded over 5000 customers with N543 million in a bid to promote savings culture and enhance financial inclusion in the country. In the details Diamond Bank rewarded 4,957 customers with N433 million through its ‘DiamondXtra’ savings promo season 10, while Fidelity Bank has given out N110 million to 185 customers via its ‘Get Alert in a Million’ promo, which commenced October last year.

YOUR bank account becomes dormant if you don’t use it to perform any transaction for two years. Such transactions include withdrawal of cash at a branch or Automated Teller Machine (ATM), payment by cheque, transfer of funds through Internet banking, mobile banking or ATMs, receiving dividend on shares or the interest of your fixed deposit in your savings account.

ECOBANK has unveiled a multi-featured digital payment solution, Ecobank Pay, designed to deliver unified and instant self-service across a range of interconnected payment solutions.