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Saturday, June 19, 2021
CBN Freezes Companies, Individuals Accounts for Infractions

CBN Freezes Companies, Individuals Accounts for Infractions

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The Central Bank of Nigeria (CBN) has secured three separate interim orders from a Federal High Court in Abuja to freeze bank accounts linked to 194 business entities and individuals in 17 banks for various infractions.
Sovereign Trust Insurance records N687m profit after tax in 2020

Sovereign Trust Insurance Records N687m Profit After Tax in 2020

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Sovereign Trust Insurance Plc on Saturday said it recorded a Profit After Tax (PAT) of N687 million in 2020, against N503 million recorded in 2019.
Weak Liquidity Keeps Interbank Rates at Double Digits

Weak Liquidity Keeps Interbank Rates at Double Digits

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Weak liquidity in the financial system has kept interbank rates at high double digit amidst scarcity of matured inflow. Analysts noted the interbank funding rates remained elevated at double digits as financial system liquidity opened in a deficit of N67.9 billion, from a surplus of N18.1 billion.
UBA assures shareholders better times, assets hit N7.7trn

UBA Assures Shareholders Better Times, Assets Hit N7.7trn

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United Bank for Africa (UBA) Plc on Thursday assured its shareholders and investors of enhanced returns on investments in the coming months. This, the bank said, followed its establishment of a diversified business model that would ensure impressive performance.
Polaris Bank splashes N26m cash prizes on customers

Polaris Bank Splashes N26m Cash Prizes on Customers   

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Polaris Bank Ltd. said that a total of N26 million would be won by 188 lucky customers nationwide as the grand finale of its ongoing ‘Save and Win’ promo closes in April.
Union Bank Boosts Pre-tax Profit, Declares Dividend for 2020

Union Bank Boosts Pre-tax Profit, Declares Dividend for 2020

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Union Bank Plc.’s boosts performance as pre-tax profit rose to N25.4 billion in 2020 amidst pandemic-induced stress in the global economy.
Debt Market Trades Sideway amidst Policy Uncertainty

Debt Market Trades Sideway amidst Policy Uncertainty

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The Nigerian debt or fixed income market trades sideway on Monday
Foreign Investment Drops as Investors Sideline Nigerian Economy

Foreign Investment Drops as Investors Sideline Nigerian Economy

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Foreign investment inflows dips again as Nigerian economy remains less attractive
Nigerian Banks Valuations Still Attractive In spite of Profits Drop, Says CSL

Nigerian Banks Valuations Still Attractive In spite of Profits Drop, Says CSL

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Nigerian Banks valuations are expected to remain attractive despite expectation
Neimeth Stock Downgraded to Sell despite 40% Profit Growth Projection

Neimeth Stock Downgraded to Sell despite 40% Profit Growth Projection

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Neimeth Pharmaceutical Plc is projected to growth profit by about 40% in 2021