Zenith, 3 Other Banks Generate N281bn From T-Bills, Bonds   Despite low-yield environment, four leading banks generated N281bn from investing in Treasury Bills and Federal Government bonds in a half year ended June 30, 2019 audited result and accounts. This is an increase of 19.5 per cent...

Dumping Of Dangote Cement, Zenith Bank’s Shares Drags Market Down   Losses at the close of trading on the floor of the Nigerian Stock Exchange, on Tuesday, were driven majorly by sell-offs in Dangote Cement Plc, Zenith Bank Plc and International Breweries Plc. The NSE All-Share Index...

The 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year. The mobile company took the loan four years ago from a consortium of...

Local equities rebound on resumed bargain hunting activities, as overall performance measures, NSE ASI and market capitalisation, grew by 0.18 per cent each, halting six days losing band. The Nigerian stock market had tumbled for the sixth day, as investors were caught completely off guard...

Stanbic IBTC, Zenith, First Bank, GTB lead As the Central Bank of Nigeria (CBN) continues with its demand management policy in foreign exchange (forex) allocation to financial institutions, the returns on foreign exchange utilisation have shown that it sold a total of $2,177,999,996 to commercial...

Double-digit inflation gives MPC little room for manoeuvre For the second time since banks started publishing their returns on foreign exchange (forex) utilisation purchased from the Central Bank of Nigeria (CBN), Zenith Bank Plc got the highest allocation garnering a total of $24,547,235.36 million. Zenith...