MPR Hike: UBA, Zenith, 17 Other Banks Pay 8.18% Interest on Savings Aligning with the Central Bank of Nigeria’s (CBN) recent monetary policy adjustment, Nineteen deposit money banks are now offering an 8.18 percent interest rate to customers for their savings. Commercial banks are mandated to...

Investors Gain N165bn in Equity Market The equity market on Tuesday returned to the green zone following two days of bearish activities. Investors saw N165bn added to their wealth, having lost about N2.5tn during the two previous trading sessions. The Nigerian Exchange rose by 0.30 per cent,...

Humanitarian Fraud: EFCC Quizzes Zenith, Providus, Jaiz Banks CEOs   The Economic and Financial Crimes Commission (EFCC) is currently interrogating Chief Executive Officers and Managing Directors of Zenith Bank, Providus Bank, and Jaiz Bank in connection with the over N44 billion fraud allegedly uncovered in the...

Price Appreciation of 18 Stocks Lift Index Further by 0.04% - NGX Earnings and interim dividend declaration by listed firms have continued to lift transactions on the equities sector of the Nigerian Exchange Limited (NGX) as price appreciations in Eterna Plc and 18 stocks lifted...

Investors Dump Airtel, Zenith Shares, After Losing N81bn The nation’s equities market closed in the red on Tuesday as the All Share Index shed 0.61 per cent to settle at 27,407.04 basis points on the back of sell-offs in Airtel Africa Plc, Zenith Bank Plc...

Fitch Ratings has revised downward the Long-Term Issuer Default Ratings (IDRs) of First Bank of Nigeria Limited, FBN Holdings Plc (FBNH), Diamond Bank Plc, Fidelity Bank Plc, First City Monument Bank Limited (FCMB) and Union Bank of Nigeria Plc to ‘B-’ from ‘B’. The agency,...