30 results
- 24 Feb 2023
Coronation Merchant Bank Projects 2.8% GDP Growth for 2023
Experts at Coronation Merchant Bank have projected 2.8 per cent growth in Gross Domestic Product for 2023, attributing it to slow policy implementations and capital expenses due to laser focus on the…
- 19 Jan 2024
Coronation Merchant Bank Strengthens Management Team with New Appointments
Coronation Merchant Bank Limited has announced the appointment of three key experienced professionals to its executive management team. A statement from the Bank explained that the new appointees are…
- 6 Mar 2020
IFC Partners Coronation Merchant Bank to Boost Trade Finance in Nigeria
IFC, a member of the World Bank Group, today announced a $40 million Trade Finance Guarantee facility to Coronation Merchant Bank under its Global Trade Finance Program. This will enable Coronation…
- 5 Jun 2020
Agusto Affirms Coronation Merchant Bank’s Rating at A+ with Stable Outlook
Coronation Merchant Bank remains one of the top rated merchant Banks in Nigeria as shown by the recently released Rating Report by Agusto&Co , a foremost rating agency in Nigeria. In the Report,…
- 24 Aug 2020
Coronation Merchant Bank Launches Mobile App
Coronation Merchant Bank has launched of its mobile banking application, touted as the first of its kind within the merchant banking space provides customers with easy access to their accounts as…
- 26 Aug 2020
Fitch Affirms Coronation Merchant Bank’s rating @ B-
Coronation Merchant Bank emerged the first and only internationally rated merchant bank in Nigeria as shown by the recently released Rating Report by Fitch, a global rating agency. Fitch assigned the…
- 11 May 2021
FMDQ Admits Coronation Merchant Bank Commercial Papers
FMDQ Securities Exchange Limited, FMDQ, has approved the quotation of the Coronation Merchant Bank Limited ₦0.71 billion Series 13 and ₦14.13 billion Series 14 Commercial Papers (CPs) in March 2021,…
- 11 Jun 2024
Fitch Upgrades Coronation Merchant Bank Rating to ‘B-’, Outlook Stable
Fitch Ratings has upgraded Coronation Merchant Bank Long-Term Issuer Default Rating (IDR) to ‘B-2’from ‘CC’ and its Viability Rating (VR) to ‘b-’ from ‘cc’. Fitch has also upgraded the bank’s…
- 20 Jul 2022
Fitch Affirms ‘B-’ Rating for Coronation Merchant Bank
Fitch Ratings has affirmed Coronation Merchant Bank Limited’s (CMB) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. According to the global rating agency, “the bank’s sound…
- 5 Jul 2019
Agusto & Co. Assigns an “A+” Rating to Coronation Merchant Bank
Nigeria’s first credit Rating Agency and a pan African leader in credit reports, Agusto & Co. limited whose strong credibility presence and ratings are globally accepted in Nigeria, and across…
- 11 Jun 2021
FMDQ Approves Coronation Merchant Bank’s Quotation
FMDQ Securities Exchange Limited (“FMDQ through its Board Listings and Markets Committee has approved the quotation of the Coronation Merchant Bank Limited ₦11.36 billion Series 18 Commercial Papers…
- 15 Apr 2018
Coronation Merchant Bank Records 66% Growth in Gross Earnings for 2017
Coronation Merchant Bank Limited announced its 2017 full year results to stakeholders at its Annual General Meeting held in Lagos, in which the bank posted a Profit Before Tax of N5.1 billion.…
- 19 Feb 2021
FMDQ Exchange Admits Coronation Merchant Bank’s Commercial Paper Series
As Corporate institutions continues to explore alternative financing options by tapping the debt capital market, DCM, to sustain their business activities and plug capital shortfalls, FMDQ Securities…
- 5 Oct 2020
NOVA Merchant Bank Appoints Ude as Acting MD/CEO
A NOVA Merchant Bank has appointed Mr. Nath Ude as its Acting Managing Director/Chief Executive Officer effective October 3, 2020 subject to approval by the Central Bank of Nigeria. Mr. Nath Ude Nath…
- 9 May 2024
CBN Unveils List of Licensed Deposit Money Banks
Central Bank of Nigeria (CBN) has released the list of licenced Deposit Money Banks operating in the country. Providing insights into the banking landscape in Nigeria, the list was made public on the…
- 5 Jul 2020
Reps to Grill Banks, Others over $30Bn Forex Racketeering
House of Representatives has summoned 24 banks and 14 oil companies over an alleged forex racketeering leading to an annual loss of over $30bn as revenue. The Joint House of Representatives Committee…
- 19 Feb 2020
CBN Releases List of Authorised Banks in Nigeria
Central Bank of Nigeria (CBN) has released the list of deposit money banks and financial holding companies operating in Nigeria, meaning that anybody who transacts banking business outside the list…
- 15 Jun 2016
Providus Bank Gets Commercial Banking Licence from CBN
Providus Bank Plc has been granted a commercial banking licence with regional authorisation by the Central Bank of Nigeria (CBN), according to information on the apex bank’s website on Tuesday.…
- 25 Apr 2022
MTN Nigeria Issues N127Bn Series 1 and 2 Commercial Paper
MTN Nigeria Communications Plc has announced the issuance of N127 billion Series 1 & 2 Commercial Paper under its registered N150 billion Commercial Paper Programme. In a notification Monday sent…
- 19 Jan 2021
NG Clearing Acquires Clearing, Settlement Technology for its Operations
Following the receipt of an approval in principle from the Securities and Exchange Commission (SEC) in September 2020, to clear and settle exchange traded derivatives instruments, Nigeria’s premier…
- 15 Jun 2021
NG Clearing Limited Becomes Nigeria’s Premier Central Counterparty
Nigeria’s apex capital market regulator, the Securities and Exchange Commission (SEC) has granted NG Clearing Limited (NG Clearing) registration to perform the function of a central counterparty…
- 29 Sept 2023
Proparco Marks 15 Years in Nigeria with $1Bn Worth of Investments
Proparco, a French development finance institution, is proud to mark 15 years of operations in Nigeria with a total of USD 1B invested over the period. Since its inception in Nigeria in 2008,…
- 7 Apr 2021
Mobile Money: MTN Expands Cardless Cash Withdrawal Service to 44 Financial Institutions
Following the recent USSD drama, Y’ello Digital Financial Services (YDFS) has announced the expansion of its MoMo Agent cardless cash withdrawal service to over 40 banks and other financial…
- 14 Sept 2022
Report Reveals Pension Funds’ Fixed Income Yields Rise
Pension funds’ exposure to the equities market declined by 6.4 per cent as investors pursue safer, higher yields rate in the fixed income assets, a report by Coronation Merchant Bank has revealed.…
- 30 Nov 2022
WISCAR Unveils Illustrious Line-up for 2022 Annual Leadership & Mentoring Conference
Women in Successful Careers (WISCAR), a leading not-for-profit and non-governmental organization focused on women empowerment and strategic mentoring for professional women has unveiled the agenda…
- 13 Feb 2025
Banking Consolidation Less Likely as Nigerian Banks Meet Capital Requirements – Fitch
Fitch Ratings has said that Nigerian banks are making significant progress in raising core capital to meet new paid-in capital requirements. The rating agency noted that the banks are generally on…
- 21 Apr 2024
First Bank Comfirms Appointment of Olusegun Alebiosu as Acting MD/CEO
Board of Directors of First Bank has appointed Olusegun Alebiosu as its acting managing director. Mr Alebiosu has been the bank’s executive director/chief risk officer since 2022. He has been in the…
- 16 Sept 2021
SCOA Boss Commends Unity Bank, Others for Facilitating Supply of N15.5b worth of Trucks, Equipment to Julius Berger
Dr. Massad Boulos, Group Managing Director/Chief Executive Officer of SCOA Nigeria Plc, has commended Unity Bank Plc and other banks for facilitating a credit facility of N15.5 billion for the…
- 22 May 2025
When Legacy Meets Preparedness – Olusegun Alebiosu as CEO, Firstbank Group
By Aniekan Ezekiel What happens when legacy meets preparedness? What results from such a combination? Let us not be in a hurry to put forward any answers yet. Instead, let us consider first the…
- 20 Mar 2019
AMCON Worries over Toxic Loans, Seeks Return of Failed Bank Act
Mr Ahmed Kuru, managing director, Asset Management Corporation of Nigeria (AMCON) has advocated the return of the failed bank Act in view of the resurgent huge toxic loans in the banking sector.…