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Zenith Bank declares N531bn gross earnings in 9 months

Zenith International Bank Plc has declared gross earnings of N531.3 billion for the third quarter ended Sept. 30, 2017. This is according to the bank’s third quarter result released by the Nigerian Stock Exchange (NSE) in Lagos on Thursday. The report obtained by the News Agency of Nigeria (NAN) showed that the gross earnings represented a growth of 39.7 per ...

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CBN threatens to sanction banks without Forex sales point

The Central Bank of Nigeria (CBN) on Monday threatened to sanction any Deposit Money Bank (DMB) in breach of its earlier instructions to open teller points for retail foreign exchange (Forex) transactions in all locations. The apex bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, in a statement on Monday in Abuja, said the bank would also penalise banks which ...

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NSE market capitalisation dips by 1.84%

Transactions on the Nigerian Stock Exchange (NSE) closed for the week on Friday on a negative note as the market capitalisation dipped by 1.84 per cent.

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FG, NLNG, sign N120bn contract to construct Bonny-Bodo road

The Ministry of Power, Works and Housing has signed a tripartite agreement of N120 billion with Nigeria Liquefied Natural Gas (NLNG) and Julius Berger Plc. for the construction of Bonny-Bodo road. The Minister of Power, Works and Housing, Babatunde Fashola, at the tripartite agreement and contract signing on Wednesday in Abuja said the project would revive and strengthen the nation’s ...

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