7 d. ago TAJBank Sustains Industry Feat, Pays 3rd Dividend In 5 Years

Nigeria’s fastest growing non-interest bank, TAJBank Limited, TAJBank Limited has sustained its feat in the nation’s banking history with the payment of 20 kobo per share dividend to its shareholders at the end of financial year (FY) 2024, being the third investment reward for the investors in its five years of operations. Available industry data […]

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1 week ago IMG Secures Shareholders Approval For N6.5bn Capital Raising Initiative

Industrial & Medical Gases Nigeria (IMG) Plc has secured shareholder approval for a N6.5 billion rights issue aimed at strengthening its capital base and scaling up operations. The approval was granted at the company’s Extraordinary General Meeting (EGM) held immediately after its 65th Annual General Meeting in Lagos, where shareholders also endorsed a dividend payment […]

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2 w. ago Top banks build N2.4trn capital buffer as recapitalisation gains pace

•Analysts see lenders surpassing N500bn mark By Chinwendu Obienyi Six top Nigerian banks are on course to exceed the Central Bank of Nigeria (CBN)’s minimum capital requirement of N500 billion, Daily Sun’s findings have shown. The big lenders; Zenith Bank, Access Holdings, United Bank for Africa (UBA), Guaranty Trust Holding Company (GTCO), FBN Holdings, Fidelity […] The post Top banks build N2.4trn capital buffer as recapitalisation gains pace appeared first on The Sun Nigeria.

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2 w. ago Why Access, Zenith, First Bank may pause dividend payment till 2028 — Report

Access Holdings Plc, Zenith Bank Plc, and First Bank Holdings may suspend dividend payments until 2028, as Nigeria’s top banks read more Why Access, Zenith, First Bank may pause dividend payment till 2028 — Report

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3 w. ago CBN halts banks’ dividend payments, bonuses, foreign investments amid regulatory review

CBN has directed banks to temporarily suspend the payment of dividends to shareholders, defer the payment of bonuses to directors. read more CBN halts banks’ dividend payments, bonuses, foreign investments amid regulatory review

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3 w. ago UBA, Access, others reap big abroad as foreign profits hit N1.7tn

From Adanna Nnamani, Abuja Foreign subsidiaries of Nigeria’s five biggest banking groups, including Zenith Bank, First Holdco, GTCO, Access Holdings, and UBA, delivered a record-breaking N1.695 trillion in pre-tax profit in 2024, accounting for 33.5 percent of their combined total group profit of N5.060 trillion. The sharp growth in offshore earnings highlights the increasing importance […] The post UBA, Access, others reap big abroad as foreign profits hit N1.7tn appeared first on The Sun Nigeria.

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