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As part of a robust effort to combat the deadly Coronavirus Disease outbreak in Nigeria, the management of Keystone Bank on Sunday announced a donation of N1 billion for the purchase of relief materials, critical care facilities and protective gear to contain the spread of the virus. The pledge was made during the Bankers’ Committee…
March 29, 2020
United Bank for Africa Plc (UBA) on Thursday announced a donation of over 5 billion Naira (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus pandemic. The donation will provide significant and much needed support to Nigeria and 19 other African countries, by supplying relief materials,…
March 26, 2020
By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) Central Bank of Nigeria Governor, Mr Godwin Emefiele on Saturday, clarified that the recent jump in foreign exchange rate to N380 to a dollar is not a devaluation of the naira but an adjustment. According to Mr Emefiele, the apex bank has the responsibility…
March 22, 2020
The Central Bank of Nigeria (CBN) may have finally bowed to immense pressure from various quarters to devalue the Naira. Few days ago, there were speculations that the central bank would devalue the local currency, following crash in the prices of crude oil at the global market and steep decline in the foreign reserves. This…
March 21, 2020
Shareholders of Zenith Bank Plc, on Monday, March 16th, 2020 at the 29th Annual General Meeting of the Bank held at the Shehu Musa Yaradua Centre, Abuja unanimously approved the proposed final dividend of N2.50 per share, bringing the total dividend payment for the 2019 financial year to N2.80 per share with a total value…
March 17, 2020
The Central Bank of Nigeria has announced measures to cushion the effects of coronavirus on the Nigerian economy. The apex bank predicts that the global economy will definitely go into recession as a result of the prevailing situation around the world. Amongst the measures announced are a Reduction in interest rate on all its existing…
March 17, 2020
United Bank for Africa Plc (UBA) has announced an increase in Profit Before Tax (PBT) to N111.3 billion in its audited results for the full-year ended December 2019, compared to N106.8 billion declared in the corresponding period of 2018 financial year. The Pan-African financial institution’s 2019 financials filed at the Nigerian Stock Exchange (NSE), also,…
March 2, 2020
.Jittery Shareholders Weigh Petitioning SEC, Allege Insider Trading . Threaten to Drag Mgt to Investment and Securities Tribunal By Hamilton Nwosa(Head The New Diplomat’s Business Desk) A few days after the Economic and Financial Crimes Commission (EFCC) quizzed the the Group Managing Director of Access Bank Plc, Mr Herbert Wigwe, over some assets belonging to…
January 25, 2020
With no fewer than six days of trading before the year ends, it is almost certain that transactions on the Nigerian Stock Exchange (NSE) will close in the red zone. The outgoing year is, indeed, turning out to be yet another locust year for both local and foreign investors, due to an unfriendly operating environment.…
December 25, 2019
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As part of a robust effort to combat the deadly Coronavirus Disease outbreak in Nigeria, the management of Keystone Bank on Sunday announced a donation of N1 billion for the purchase of relief materials, critical care facilities and protective gear to contain the spread of the virus. The pledge was made during the Bankers’ Committee…
March 29, 2020
United Bank for Africa Plc (UBA) on Thursday announced a donation of over 5 billion Naira (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus pandemic. The donation will provide significant and much needed support to Nigeria and 19 other African countries, by supplying relief materials,…
March 26, 2020
By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) Central Bank of Nigeria Governor, Mr Godwin Emefiele on Saturday, clarified that the recent jump in foreign exchange rate to N380 to a dollar is not a devaluation of the naira but an adjustment. According to Mr Emefiele, the apex bank has the responsibility…
March 22, 2020
The Central Bank of Nigeria (CBN) may have finally bowed to immense pressure from various quarters to devalue the Naira. Few days ago, there were speculations that the central bank would devalue the local currency, following crash in the prices of crude oil at the global market and steep decline in the foreign reserves. This…
March 21, 2020
Shareholders of Zenith Bank Plc, on Monday, March 16th, 2020 at the 29th Annual General Meeting of the Bank held at the Shehu Musa Yaradua Centre, Abuja unanimously approved the proposed final dividend of N2.50 per share, bringing the total dividend payment for the 2019 financial year to N2.80 per share with a total value…
March 17, 2020
The Central Bank of Nigeria has announced measures to cushion the effects of coronavirus on the Nigerian economy. The apex bank predicts that the global economy will definitely go into recession as a result of the prevailing situation around the world. Amongst the measures announced are a Reduction in interest rate on all its existing…
March 17, 2020
United Bank for Africa Plc (UBA) has announced an increase in Profit Before Tax (PBT) to N111.3 billion in its audited results for the full-year ended December 2019, compared to N106.8 billion declared in the corresponding period of 2018 financial year. The Pan-African financial institution’s 2019 financials filed at the Nigerian Stock Exchange (NSE), also,…
March 2, 2020
.Jittery Shareholders Weigh Petitioning SEC, Allege Insider Trading . Threaten to Drag Mgt to Investment and Securities Tribunal By Hamilton Nwosa(Head The New Diplomat’s Business Desk) A few days after the Economic and Financial Crimes Commission (EFCC) quizzed the the Group Managing Director of Access Bank Plc, Mr Herbert Wigwe, over some assets belonging to…
January 25, 2020
With no fewer than six days of trading before the year ends, it is almost certain that transactions on the Nigerian Stock Exchange (NSE) will close in the red zone. The outgoing year is, indeed, turning out to be yet another locust year for both local and foreign investors, due to an unfriendly operating environment.…
December 25, 2019
