The Senate Committee on Finance has expressed worry over, “the instability and continuous depreciation of the naira.” In a statement, the Chairman of the Committee, Senator Mohammed Sani Musa, said the committee is monitoring the situation and is committed to working with relevant stakeholders to implement effective policies and strategies to tackle the issue. He…
Shareholders of Zenith Bank Plc have unanimously approved the restructuring of the bank to a holding company. The approval was secured during a court-ordered Extraordinary General Meeting (EGM). The meeting held virtually at the weekend from Zenith Heights, Zenith Bank Plc, Victoria Island, Lagos. In accordance with the Scheme of Arrangement, dated March 28, pursuant…
Nigeria’s listed banking stocks’ value declined by N2.069 trillion in 16 trading days following the announcement of the recapitalisation exercise by the Central Bank of Nigeria (CBN). This is as the April 30, 2024 deadline that the CBN gave banks in the country to submit their recapitalisation plans and strategies expires tomorrow. The sector on…
