Zenith Bank
The Access Bank has announced the ownership takeover of another bank after it received all regulatory approvals from the Financial Services Commission.
Nigeria's stock market rebounded as the All Share Index crossed 130,000 points, driven by gains in FTN Cocoa, RT Briscoe, and Sovereign Trust Insurance.
Stock market has started the new week on a positive note, as data from the Nigerian Exchange Limited showed that the ASI and market capitalisation improved.
The Central Bank of Nigeria has released the latest savings and lending interest rates for all Deposit Money Banks (DMBs) in the country ahead of the MPC meeting.
The Nigerian stock market ended the week strong as data from the Nigerian Exchange Limited (NGX) showed that investors made over N3.4 trillion in 5 days
Amid the ongoing recapitalisation drive announced by the Central Bank of Nigeria, several Nigerian banking stocks have been on a bullish run, driving the NGX.
The Nigerian stock market hit a new milestone as the All-Share Index and market capitalisation rose further, driven by strong performances from cement stocks.
Zenith Bank Plc has hit a market capitalisation of N3 trillion, making it the second most capitalised bank, after CGTOC on the Nigerian Exchange Limited.
The amount paid by top Nigerian banks to these two government institutions has increased by 34% within one year, and now account for 24% of profit before tax.
Zenith Bank
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