Despite the negative performance of the Nigerian equities market in 2018, Cement Company of Northern Nigeria (CCNN), Unity Bank, Sterling Bank and other 22 stocks recorded gains. The year recorded 25 gainers and 69 losers. The market capitalisation during the period under review depreciated by N1.89 trillion as it closed at N11.720 trillion in 2018, […]
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Zenith Bank Board Approves 2018 Audited Accounts - THISDAYLIVEThe board of directors of Zenith Bank Plc has approved the bank’s financial results for the year ended December, 31, 2018. In a notification to the Nigerian Stock Exchange (NSE), the Company Secretary-General and Counsel, Zenith Bank, Mr. Michael Otu, said that the results was approved on January 18. “Consequent upon the approval, the said …
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N306.2m Fraud: Court Orders Dismissal Of Ex-Unity Bank StaffThe National Industrial Court, Abuja, on Monday affirmed the dismissal of one Rabi Ibrahim, from Unity Bank Plc, following her involvement in N306.2 million fraud. Ibrahim was dismissed on grounds of negligence, when it was discovered that she used her password to approve unauthorised transactions from accounts belonging to three different organisations without the consent […]
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Court okays ex-Unity Bank staff dismissal over N306.2m fraud – Daily TrustThe National Industrial Court, Abuja, yesterday affirmed the dismissal of one Rabi Ibrahim from Unity Bank Plc, following her involvement in a N306.2 million fraud. Ibrahim was dismissed on grounds of negligence, when it was discovered that she used her password to approve unauthorised transactions from accounts belonging to three different organisations without the consent …
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Merger: Free ATM services for Diamond Bank, Access Bank customers - Premium Times NigeriaIt implies that customers can presume that the banks are one, even as their merger negotiations still remain ongoing.
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Aceess Bank gets CBN, SEC’s approval to acquire Diamond Bank - Vanguard News NigeriaAccess Bank and Diamond Bank Plc have obtained approval in principle from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) on proposed merger plans.
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Absa Bank rules out Nigerian bank acquisition - Vanguard News NigeriaSouth African leading commercial bank, Absa (Amalgamated Bank of South Africa) has ruled out the acquisition of a Nigerian bank in the pursuit of its aggressive growth strategy. Absa’s Chief Executive Officer, Maria Ramos, disclosed this to Reuters on the sidelines of the World Economic Forum in Davos yesterday.
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South Africa’s Economy To Grow To 1.3% In 2019 -World BankThe World Bank says South Africa’s economic growth will accelerate to 1.3 per cent in 2019 from an estimated 0.9 per cent in 2018. The World Bank, in its latest report on Tuesday cited the implementation of structural reforms announced in 2018 for the growth. The bank also projected South Africa’s economic growth at 1.7 […]
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