banking sector
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News
CBN’s Bold 350bps Rate Cut Ignites Fresh Rally as Nigerian Stocks Chase Record Highs
The Central Bank of Nigeria’s Monetary Policy Committee delivered a genuine surprise at its 307th meeting held on September 21…
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Stock
Consumer goods rout wipes N1.76trn off NGX
The Nigerian equities market extended its losses on Wednesday, shedding N1.76 trillion in a single session as a sharp selloff…
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Stock-Market
FirstHoldCo emerges first Nigerian bank to hit N6trn market cap
FirstHoldCo Plc on Monday became the first Nigerian banking group to cross the N6 trillion market capitalisation mark, a historic…
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Economy
Tony Elumelu to exit UBA chairmanship over CBN tenure rule
United Bank for Africa (UBA) is preparing for a change at the top of its board, with Group Chairman Tony…
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Economy
CBN mops up ₦4.74 trillion via OMO auctions in two days
The Central Bank of Nigeria absorbed approximately ₦4.74 trillion from the financial system through a series of Open Market Operations…
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Economy
Providus Bank and Unity Bank merge to launch ProvidusUnity Bank
The merger between Providus Bank and Unity Bank has been formally concluded, giving rise to a new institution ProvidusUnity Bank…
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Stock-Market
Otedola grows First HoldCo stake to 20.42% via private placement
Billionaire investor Femi Otedola has further consolidated his grip on First HoldCo Plc, the parent company of First Bank of…
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Economy
Bank Customers Protest ATM Fee Hike, Seek CBN Intervention
Some bank customers in the Federal Capital Territory (FCT) have frowned upon the continuous increase in banks’ services in spite…
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Economy
CBN Forbearance: Shareholder Returns Under Threat, Banks Seek Exit Strategies
Shareholders of different banks have appealed to financial institutions to redouble their efforts toward exiting the Central Bank of Nigeria’s…
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Economy
TAJBank Pays 3rd Dividend: A Win for Non-Interest Banking
TAJBank Limited, a fast-growing non-interest bank, has sustained its feat in the nation’s banking history with the payment of 20…
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