Author Archives: Ruth Omoteso

MTN Nigeria has been granted the final approval by the Central Bank of Nigeria (CBN) to operate as Momo Payment Service Bank Limited. In November 2021 MTN Nigeria and Airtel Africa received an “Approval in Principle” (AIP) from the Central Bank of Nigeria to operate as Payment Service Banks. MTN Nigeria Communications PIc announced the receipt of […]

Union Bank of Nigeria on Tuesday published its Audited Financial Statements for the period ended 31 December 2021. The Financial Institution reported the Gross Earnings of N177.27 billion for the 12 months period, up by 8.05% from N164.06 billion reported the previous year. Profit after tax was down year on year by 9.39% to N16.92 billion from[…]

Transactions on the floor of the Nigerian Stock Market on Tuesday closed on a positive note as the All Share Index appreciated by 0.72% to close at 47,205.03 points from the previous close of 46,867.95 points. Investors gained N182 billion as the Market Capitalisation grew by 0.72% to close at N25.449 trillion from the previous close of[…]