Nigerian banks pay N1.5bn to PwC, EY as audit fees

Four Nigerian banks – Access, GTB, UBA, and Zenith, paid the sum of N1.52 billion to PriceWaterhouse Coopers (PwC) and Ernst & Young (EY),...

Fidelity Bank to raise N50bn bonds in Q4 to refinance debts

Fidelity Bank Plc, has concluded plans to issue up to N50 billion ($131.3 million) in local bonds by the fourth quarter of 2020, in...

GTBank, others pay workers N271.64bn in H1 2020

GTBank, Access Bank, Zenith Bank, FBN Holding, and 9 other banks listed on the Nigeria Stock Exchange (NSE) spent N271.64 billion on personnel expenses...

Investors switch to U.S dollar, as gold, bitcoin prices plunge

The U.S dollar traded unusually very high during Tuesday’s trading session, as many currencies, cryptos, and commodities dropped momentarily as global investors flocked to...

BDC operators reveal challenges with CBN’s resumed sale of forex

The Association of Bureau De Change Operators (ABCON) has disclosed that small interest margin was the major challenge of foreign exchange traders, following the...

Market week starts negative as Access Bank, Zenith post losses

Trading in the Nigerian equities market resumed on a negative note, following losses in Access Bank (-1.6%), Zenith Bank (-0.6%) and PRESCO (-4.0%) stocks. Thus,...

UBA posts impressive ROI, declares N1.00 dividend

Nigeria’s leading pan-African bank, the United Bank for Africa Plc, has posted impressive returns on investment (ROI) during its virtual Annual General Meeting (AGM)...

Naira gains 2 dollars at FX, first time since March

The Nigerian currency (naira) yesterday gained 2 dollars by appreciating against the greenback, it exchanged at N383 to the dollar, better than N385 posted...

COVID-19: GTBank’s shareholders to attend AGM by proxy

Against the backdrop of partial shutdown of business activities and capital market operations as precautionary measure to curtail the spread of the coronavirus disease,...

PWC, KPMG pocket N3.17bn from GTBank, Access, others

Four of Nigeria’s Tier 1 banks paid a whopping N3.17 billion to two of the biggest audit firms as audit fees for the year...

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