Zenith Bank Plc grew its gross earnings by 24 per cent from N765.6n as of the end of 2021 financial period to N945.5bn in the corresponding period of 2022.
The bank disclosed this in a statement on Tuesday on its audited results for the year ending December 31, 2022, titled ‘Zenith Bank grows gross earnings by 24 per cent to N945.5bn in 2022’.
As part of its commitment to shareholders, the…
The Central Bank of Nigeria has barred banks and other financial institutions seeking a conversion licence from expanding or reducing their current banking network in its new draft guidelines.
The CBN discloses this in a circular tagged ‘FPR/DIR/PUB/CIR/001/072’ to banks…
War between Russia and Ukraine should increase food production in Africa - Osinbajo
March 29, 2023
Vice President Yemi Osinbajo, on Monday in London, United Kingdom said the lingering crisis between Russia and Ukraine should be a wake-up call for African states to prioritise self-sufficiency in food production.
He also said digitisation remains Africa’s best opportunity…
The House of Representatives, on Tuesday, approved the request by the Federal Government to borrow $973,474,971.38 from China Development Bank.
This followed the decision by the China-Exim Bank to reject Nigeria’s $22,798,446,773 loan request earlier approved by the National Assembly.
The Chairman of the House Committee on Rules and Business, Abubakar Fulata, moved a motion for the legislative…
Banks’ credits to the government rose by N3.77tn in the first two months of 2023.
Figures obtained from the Central Bank of Nigeria revealed that the total government credit which ended December 2022 at N24.66tn rose to N28.43tn as of the end of February 2023.
The CBN…
Deposit Money Banks are set to raise their cash withdrawal limits from the current N20,000-N50,000 range to over N80,000-N100,000, according to multiple bank officials.
The move, it was learnt, would help bank branches to tackle lingering queues in some cities across the…
The Central Bank of Nigeria has released more old notes to Deposit Money Banks as the apex bank steps up efforts to flood the economy with more cash after a prolonged cash crunch that has made life difficult for millions of Nigerians and residents.
The CBN had on Thursday begun the release of billions of naira to DMBs. Bank officials said the CBN again released several billions of naira to lenders…
International airfares on Nigerian routes have gone up further by over 20 per cent after foreign airlines raised the exchange rate for ticket sale from N462 per dollar to N551 per dollar, findings by The PUNCH have revealed.
International travellers on Nigerian routes have…
The United Kingdom has reiterated its commitment to mitigating the effects of climate change in Nigeria.
According to a statement, British Deputy High Commissioner, Ben Llewellyn-Jones, said this at a climate action event in the celebration of Commonwealth Day which was…
Officials of the Economic and Financial Crimes Commission were caught in several local government areas in South and North Akure, Ondo Province, and point of sale operators suspected of selling overpriced naira were arrested. On Friday and Saturday, the Anti-Corruption Commission reportedly arrested dozens of operatives.
The suspects were alleged of buying cash from banks and selling the notes…