Commercial banks’ market capitalisation has depreciated by N1.74 trillion since the Central Bank of Nigeria (CBN) directed financial institutions to conduct a recapitalisation exercise. On March 28, CBN announced an
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Zenith Bank has announced plans to raise an undisclosed amount in the international and Nigerian capital markets. According to the company, the funds shall be raised through the issuance of
Nigerian commercial banks have set withdrawal limits on their automated teller machines (ATMs), TheCable can report. Findings by TheCable also showed the limits vary across banks. This followed reported cases
Another round of bank recapitalisation is here and for the next two years between April 1, 2024 and March 31, 2026, the nation’s 25 commercial and six merchant banks are
Publicly-listed commercial banks would need over N2.81 trillion to meet the recapitalisation target set by the Central Bank of Nigeria
Zenith Bank has appointed Adaora Umeoji as its new group managing director and chief executive officer (GMD/CEO). The bank disclosed
Zenith Bank has debunked reports that Ebenezer Onyeagwu, its group managing director (GMD), was arrested in connection with alleged fraud
Zenith Bank Plc has signed a memorandum of understanding (MoU) with the Chartered Financial Analyst (CFA) Institute to enhance the
The Board of Directors of Zenith Bank Plc has appointed Juliet Ehimuan as a non-executive director of the financial firm
Some commercial banks in the country have increased the salaries and allowances of their employees to help them cope with
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