Zenith Bank’s path to sustainable growth
Zenith Bank, Nigeria’s largest and most profitable financial institution, exemplifies a commitment to sustainable growth rooted in innovation and responsible…
Category: Business
Polaris Bank and Amtis Skills Place Empower Young Designers Through Fashion Competition
Polaris Bank partnered with Amtis Skills Place to host the 2024 Amtis Fashion Competition, a platform aimed at training and…
CBN directs banks to make cash available to customers
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to prioritize cash disbursement to customers through both…
Nigerian Banks Record N6.5 Trillion Loan Income Amid Rising Interest Rates
Amid a steep rise in the Central Bank of Nigeria’s (CBN) Monetary Policy Rate (MPR), Nigerian banks generated N6.5 trillion…
NAICOM and ICRC partner on insurance for assets under PPP
The National Insurance Commission (NAICOM) and the Infrastructure Concession Regulatory Commission (ICRC) have announced a partnership to ensure proper insurance…
Coronation Insurance declares N2.2bn profit
Coronation Insurance Group has reported a profit before tax of N2.2 billion for the financial year ending December 31, 2023,…
Minority shareholders rally behind UBA’s N239bn rights issue
United Bank for Africa (UBA) Plc has launched a N239.4 billion rights issue, offering existing shareholders 6.84 billion ordinary shares…
Banks raise withdrawal limit to N50,000
Deposit Money Banks in the Federal Capital Territory have increased their maximum over-the-counter daily withdrawal limit to N50,000, a significant…
African Alliance Insurance pays N780m to annuitants
African Alliance Insurance Plc has disbursed N780 million to annuitants under its new interim management. The payout follows the recent…
20 New Millionaires To Emerge In FCMB Promo
First City Monument Bank (FCMB) has unveiled the 10th season of its renowned “Millionaire Promo,” a nationwide campaign aimed at…
Foreign Holdings Drop $13bn On Naira Slump And Corporate Exits
Nigeria’s foreign direct investment (FDI) inward stock experienced a sharp decline, dropping from $86.2 billion in 2022 to $73.4 billion…
FG engages three US lenders for $2.2bn Eurobonds
Nigeria has re-entered the global capital markets after a two-year hiatus, issuing $2.2 billion in Eurobonds to address its fiscal…
Wema Bank awards N145m to outstanding innovators
Wema Bank has successfully concluded the 5th edition of its Hackaholics initiative, awarding N145 million to seven outstanding startups in…
Dangote Cement Becomes Most Capitalized Stock on NGX
Dangote Cement has surpassed Airtel Africa and 11 other companies to become the most capitalized stock on the Nigerian Exchange…
System liquidity hits N518.9bn in November
System liquidity in Nigeria rebounded to a surplus of N518.9 billion in November 2024, up from a deficit of N207.6…
Coronation Insurance reports N2.2bn profit highlights digital transformation
Coronation Insurance Plc has announced a profit before tax of N2.2 billion for the financial year ending 2023, a remarkable…
FCMB Millionaire Promo Set to Reward 20 Customers Nationwide
First City Monument Bank has launched the 10th edition of its ‘Millionaire Promo,’ designed to reward and empower customers across…
SEC Guarantees Safety Of Fintech Investors’ Funds
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to safeguarding investors’ funds, especially within the growing fintech ecosystem.…
Experts Advocate Green Building For Sustainable Financing—Ecobank Expo
At the Ecobank Design and Build Expo in Lagos, industry leaders stressed the importance of adopting green building practices to…
Nigeria’s insurance market’s premium hits N813.1b
Nigeria’s insurance industry achieved a significant milestone with Gross Premium Written (GPW) reaching N813.1 billion in Q2 2024, marking a…
Marketers Divided Over Advance Payment Policy by Dangote Refinery
Oil marketers in Nigeria have voiced differing opinions regarding a new policy by Dangote Refinery requiring advance payments for product…
FCCPC Engages GT Bank, MTN, Air Peace Over Possible Violation
The Federal Competition and Consumer Protection Commission (FCCPC) is set to address consumer complaints against Guaranty Trust Bank (GTB), MTN…
Schneider Reiterates Commitment to Accelerate Data Centre Market
Schneider Electric has reaffirmed its dedication to expanding its presence in the data centre market across East and West Africa,…
CBN’s interest rate hike deflates stock market performance
The Nigerian Exchange Limited (NGX) closed last week on a negative note, reflecting the impact of the Central Bank of…
NASD seeks compliance with SEC’s rule on trading unlisted securities
The NASD OTC Exchange has called on public limited companies to adhere to a Securities and Exchange Commission (SEC) rule…
CBN Raises N11.29trn Via NTBs as 364-Day Yield Hit 23.5%
In 2024, the Central Bank of Nigeria (CBN) successfully raised N11.29 trillion through Nigerian Treasury Bills (NTBs), marking a 106.4%…
African countries pay 500% higher costs on global market debt – AfDB
African countries are enduring a 500% rise in debt servicing costs when borrowing from international markets, according to the African…
Equity market loses N185bn in one week
The Nigerian equity market experienced a decline of N185bn last week as the All-Share Index dropped by 0.33%, closing at…
CBN Launches New User-Friendly Website to Boost Transparency
The Central Bank of Nigeria (CBN) has unveiled its newly redesigned website today, December 2, 2024. According to a statement…
SEC flags Marino FX as illegal crypto exchange
The Securities and Exchange Commission (SEC) has discredited Marino FX Limited, a company falsely claiming to be an SEC-licensed cryptocurrency…