Zenith Bank
Zenith Bank confirms a cyberattack that accessed limited customer information, assuring that funds remain safe. Customers advised to stay alert against phishing.
Nigerian equities declined for a second straight session, wiping N1.005 trillion from investors' wealth amid sustained profit-taking in blue-chip stocks.
The Nigerian Exchange gained N2.53 trillion in one week as 57 stocks advanced, pushing market capitalisation to N159.588 trillion amid stronger investor demand.
The Nigerian Exchange rally has lifted 20 listed companies above the $1 billion valuation mark, with MTN Nigeria, Dangote Cement, and banks leading gains.
Banks have reduced Nigeria's maximum lending rate to 33.16%, offering slight relief to borrowers as the CBN maintains interest rates amid economic conditions.
Nigerian banks now deduct 7.5% VAT on ATM card fees, clarifying that this enforcement is not a new tax, but a standard application of existing regulations.
First HoldCo has overtaken Zenith Bank as Nigeria's most valuable listed lender after its market capitalisation hit N4.80 trillion, driven by strong earnings.
The Nigerian stock market gained N1.87 trillion on Tuesday as buying across major sectors lifted the NGX All-Share Index by 1.24% despite weaker trading activity.
The Nigerian stock market has extended its decline as profit-taking in Aradel, Oando and other major stocks erased N958.5 billion from investor wealth.
Zenith Bank
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