Tag Archives: dividends

Zenith Bank declares N785.19bn gross earnings for 2017

Zenith Bank has announced gross earnings of N745.19 billion for the financial year ended December 31, 2017. Newsmen report that the figure represented a growth of 46.69 per cent over N507.99 billion posted in 2016. This is contained in the bank’s audited result released by the Nigerian Stock Exchange (NSE) in Lagos on Monday. The company also announced a final ...

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CBN should curb rising banking sector risks, says IMF

The International Monetary Fund, on Wednesday, called on the Central Bank of Nigeria to contain rising banking risks, while also commending the regulator for its recent decision to stop weak banks from paying dividends to shareholders. Against the backdrop of huge non-performing loans, which have weakened the capital base and asset quality of the country’s Deposit Money Banks, it also ...

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Capital market operators foresee NSE’s upbeat due to positive 2017 earnings

Some capital market operators on Monday expressed optimism that the 2017 earnings anticipated by investors this week would boost activities on the Nigerian Stock Exchange (NSE). They told the News Agency of Nigeria (NAN) in Lagos that the market would close upbeat as more companies would declare positive results.  Garba Kurfi, the Managing Director, APT Securities and Funds Ltd, Lagos ...

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Nine banks will meet new CBN dividend payout policy in 2018

The SBG Securities (Pty) Limited of South Africa, a wholly owned subsidiary of the Standard Bank Group, has projected that about nine commercial banks in Nigeria would be able to pay dividends this year, despite the adjustment to the dividend payout policy issued by the Central Bank of Nigeria (CBN) recently. The banks, according to a report by the research ...

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Financial experts call on CBN to close exchange rate gap for more FDIs

To make the nation’s foreign exchange (forex) market attractive for foreign direct investments (FDIs) in 2018, the Central Bank of Nigeria (CBN) must do all within its powers to ensure rates’ harmonisation. This will mean closing the huge gap between the official exchange rate of N306/$ and the parallel market rate of N360/$, as it is a disincentive to genuine ...

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