21 results
- 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…
- 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.…
- 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…
- 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…
- 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…
- 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 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…
- 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…
- 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…
- 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…
- 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.…
- 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…
- 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…
- 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…
- 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…
- 30 Jul 2024
Zenith Bank to Raise N290 Billion in Fresh Capital via Rights Issue and Public Offer
Zenith Bank Plc is planning to raise N290 billion through a Rights Issue and a Public Offer to meet the Central Bank of Nigeria’s revised minimum capital requirements for Nigerian commercial banks.…
- 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…
- 22 Mar 2024
CBN, NGX Partners to Boost Financial Literacy
Nigerian Exchange Limited, Central Bank of Nigeria and other capital market operators have organised a symposium to boost the financial literacy level of some students in Lagos to mark the 2024…
- 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…
- 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…