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NSE fines seven banks for delayed financial results

The Nigerian Stock Exchange has fined seven financial institutions for not filing their financial results before the regulatory due date. According to the listing rules provided by the stock exchange,

Wema to fix negative retained earnings with capital reorganisation

The management of Wema Bank says it will resolve the issue of longstanding negative retained earnings with capital reorganisation. Retained earnings are the portion of net income not paid as

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In five mins, you can open an account with Nigeria’s ‘first fully digital bank’ — all by yourself

In less than five minutes, you can open a bank account with Alat, the electronic, branchless bank, regarded as Nigeria’s first fully digital bank. The bank, which was set up

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Fitch Ratings back CBN, say Nigerian banks viable

Fitch Ratings, one of the three biggest rating agencies in the world, has downgraded two of the biggest banks in Nigeria, at the same time attesting to the viability of

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