UBA Grows Profit Before Tax by 32%, Declares 55kobo Per Share Dividend

By: Akin Akinremi United Bank for Africa (UBA) Plc, the pan-African financial services group, operating in 19 African countries, has released its audited 2016 full year results, showing significant growth…

AMCON Hands Over Keystone Bank to New Investors

…lender set to reposition  By: Akin Akinremi Effective Friday 24th March 2017, the new investors took control of Keystone Bank and are set to reposition the bank on a growth…

Exchange Rates as at noon Friday

    Currency                             Buying                        Selling…

NSE Friday Trading Result

    ASI 25,454.93 DEALS 2,613.00 VOLUME 346,026,965.00 VALUE 2,330,411,203.09 CAP 8,807,020,789,838.09 Top Gainers Symbols Last Close Current Change ACCESS 5.93 6.1 0.17 ETERNA 3.15 3.23 0.08 TRANSCORP 0.72 0.74…

NSE Trading Results Wednessday

  ASI 25,514.09 DEALS 2,306.00 VOLUME 198,838,062.00 VALUE 2,527,501,296.73 CAP 8,827,491,714,441.29 Gainers Table Symbols Last Close Current Change GUINNESS 60.03 62.64 2.61 JBERGER 40 41.95 1.95 WAPCO 36 37.8 1.8…

Zenith Bank Suspends Plan to Raise N100 Billion

    Shareholders of Zenith Bank Plc on Wednesday approved the board of directors’ request to step down their plan to raise fresh capital for the bank businesses. Speaking at…

Money Market Indices and Exchange Rates Wednesday

   Inflation              17.78  Exch. rate            N307.5  MPR                   14  Crude Oil…

Egypt Targeting $9 bn in Foreign Financing in FY 2017-18

  Egypt is targeting $9 billion in foreign financing in the 2017-18 fiscal year, Deputy Finance Minister Ahmed Kouchouk told Reuters on Wednesday. The financing will be divided between $3…

Nigeria naira at six-month high on black market, traders say

  The Nigerian naira gained 1.1 percent to a six-month high of 430 per dollar on the black market on Wednesday, traders said. The central bank has been intervening on…

RBI signs memorandum of understanding(mou) with CBN

    The Reserve Bank of India (RBI) signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Central Bank of Nigeria. The MoU was…