CATEGORY: FINANCIAL SERVICES

CBN to the Etisalat 13: Stand down

Unconfirmed reports from Vanguard newspapers have stated Central Bank of Nigeria (CBN) has intervened in the Etisalat Nigeria loan...


Etisalat claims it owes banks $575million not $1.2 billion

Etisalat Nigeria has revealed that the $1.2 billion widely reported as its indebtedness to about 13 Nigerian banks is...


Likely effect of an Etisalat solvency on the profits of these banks

Summary: An equivalent of 49% of the profits made by Fidelity Bank in 2016 could be lost Access Bank...



List of results released on the Nigerian Stock Exchange (Updated June 20 2017)

Nairametrics| The table below contains a listing of all the results released in 2017 for companies quoted on the...


4 banking stocks that still appear ‘cheap’

The Nigerian Stock Exchange is currently riding on its longest bullish run in over a decade. The All Share...


The NSE launching Exchange Traded Derivatives is a big deal                     

As part of measures to enhance liquidity and participation on the Nigerian Stock Exchange (NSE), it has decided to...


How Safricom’s MPesa plans to enter Nigerian market

Kenyan telecoms giant, Safricom is considering the various options to bring its popular mobile money product to other countries...


Nigerian banks rake in N132.4 billion from E-business Income in 2016

Data from annual report of some top commercial banks in Nigeria reveal they made a combined sum of N132.4 billion...




Stanbic IBTC Money market fund suffers highest weekly outflow since 2009

IBTC money market fund— Nigeria’s largest fund by assets, with N102.2 billion in assets as at May 5th, 2017—saw...


Wapic Insurance to raise N10 billion in fresh capital

Share holders of Wapic insurance at its Annual General Meeting (AGM) gave management approval to raise up to N10...


AMCON made a N254 billion loss in 2016

MD of the bad bank Mohammed Kuru said the possibilities of an AMCON II were unlikely. Kuru was of...



Staco Insurance raises N1.6 billion via private placement

Back in February, 2017 Nairametrics analysts reported heavy trades on the Nigerian Stock Exchange for Staco Insurance, a company...


Banks to now charge N600 (up from N50) as annual ATM card maintenance fee

Recently revised bank charges by the Central Bank of Nigeria will take effect this month. The CBN had earlier...


Top Nigerian Banks spend N6.1 billion as executive compensation for 2016

Ten of the largest quoted commercial banks in Nigeria incurred a total of about N6.1 billion in executive compensation...


Alert: Microsoft announces plans to deliver Cloud services from Datacentres in Africa

Microsoft’s new investment will provide highly available, scalable, and secure cloud services across Africa with the option of data...


Medview Airlines says EU ban is not total

Nairametrics In a statement issued yesterday on its twitter handle, Medview airlines says its EU operations are operating as scheduled...




Ten things we learnt from the 2017 National Assembly Budget by @BudgIT

It’s over! The era of secrecy surrounding the details of budgetary allocations to the National Assembly is now well...


The Nigerian Economy Today 15/5/2017 – Smile Network appoints new CEO

Summary of the top business, economic and political news in Nigeria Today.   The Association of Housing Corporations of...


Why the Senate is investigating banks and oil majors over capital flight

Nairamterics|A joint senate committee has begun investigating several banks in the country over crude oil proceeds from oil companies....


How Zenith Bank’s first $500 million medium term note is performing

Zenith Bank announced during the week that it planned to raise about $500 million in the second tranche of...


Why Sigma-Riverbank Is Upgrading Keystone’s Branches

Nairametrics|Sigma-Riverbank consortium which recently acquired Keystone Bank has embarked on an upgrade of the bank’s branches. Here’s the banks...


The Nigerian Economy Today 11/5/2017

Summary of the top buisness, economic and political news in Nigeria.   The Managing Director of Nigeria Deposit Insurance...


Taxes paid by Nigerian Banks in 2016

Nairametrics| Deposit Money Banks (DMB’s) in Nigeria reported a total of N137.29 billion in taxes for the financial year...



Jitters, as talk between Etisalat and Nigerian banks hit brick wall

Nairametrics|Talks between telecoms operator Etisalat and the consortium of Nigerian banks has ended in a deadlock.  Etisalat held the...