Standard Chartered Initiates $1 Billion Share Buyback and 21 Cents Per Share Dividend
Standard Chartered Commences $1 Billion Share Buyback Program and Declares 21 Cents Dividend per Share. In a strategic move aimed at unlocking shareholder value, Standard Chartered has announced a $1 billion share buyback initiative, concurrent with CEO Bill Winters’…
FCMB Reports Gross Earnings of N516.8 Billion in 2023
FCMB Group Achieves Record-Breaking Growth with N516.8 Billion Gross Earnings in 2023. FCMB Group Plc recently unveiled its unaudited annual report and financial statements for the fiscal year 2023, showcasing remarkable achievements and robust financial performance. Key Financial Highlights:…
Meet the CFOs of Top 10 Biggest Banks in Nigeria by Market Capitalisation
Top 10 CFOs Guiding Nigeria’s Largest Banks: A Closer Look at Market Leaders. In the dynamic financial landscape of Nigeria, the year 2023 witnessed an impressive surge in the NGX Banking Index, marking a substantial growth of 114.9%. This…
CBN To Hold Its First MPC Meeting Under Yemi Cardoso On February 26 and 27
The Central Bank of Nigeria (CBN) is gearing up for its inaugural Monetary Policy Committee (MPC) meeting scheduled for February 26th and 27th, as outlined in the tentative MPC meeting calendar for 2024 signed by the Director of MPD. The…
Nigerian Banking SWOOTs Appear Undervalued Amidst Dynamic Market Trends
Unlocking Investment Potential: A Comprehensive Analysis of SWOOT Banking Stocks” In the realm of SWOOT stocks, the banking sector emerges as a promising investment avenue, offering potentially undervalued opportunities for investors. Notably, Zenith Bank, GTCO, FBNH, and UBA showcase lower…
Polaris Bank: A Comprehensive Overview of Events Leading to Board Changes
Polaris Bank, acquired by Strategic Capital Investment Limited (SCIL) for N50 billion in 2022, has faced a tumultuous history marked by financial challenges and ownership transitions. This article provides a detailed timeline of significant events leading to the recent changes…
Zenith Bank denies the arrest of its Managing Director
Zenith Bank Plc has refuted claims suggesting that its Managing Director, Ebenezer Onyeagwu, was apprehended by the Economic and Financial Crimes Commission (EFCC). In a statement released by the bank, it categorically dismissed the reports of the arrest as “entirely…
CBN Sacks Boards of Union Bank, Keystone Bank and Polaris Bank
The Central Bank of Nigeria (CBN) has officially dissolved the Board and Management of three prominent banks: Union Bank, Keystone Bank, and Polaris Bank. In a press release dated January 10, 2024, the CBN highlighted that this action was taken…
10 Best Virtual Dollar Cards In Nigeria To Make Online Payment (2024)
Simplifying Online Purchases in Nigeria: Top 10 Virtual Dollar Cards. Making online purchases with Nigerian credit cards that get rejected can be frustrating. But fear not, there’s a solution—virtual dollar cards. Virtual dollar cards allow seamless transactions on overseas…
iBank UBA : How To Register For UBA Internet Banking
iBank UBA or Internet Banking service and phone/mobile banking service makes banking very easy for everyone. You may be thinking of internet fraudsters but you have no problem with them because all your online transactions with iBank UBA is very…