International Monetary Fund IMF, has thrown its weight behind the Central Bank of Nigeria tightening of monetary policy, exchange rate unification and moves to build external...
Access Holdings Plc has announced the award of 23.8 million ordinary shares to some of its senior executives and executives of Access Bank, its flagship subsidiary....
Central Bank of Nigeria (CBN) has ordered all banks to start charging a 0.5 per cent cybersecurity levy on all electronic transactions within the country but excluded 16 listed banking...
Union Bank, one of Nigeria’s foremost and most trusted financial institutions, has announced another significant achievement with its attainment of the MSECB management system certifications in...
Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2024, with an impressive triple-digit growth of 189% in Gross Earnings,...
Zenpay Limited, a wholly owned subsidiary of Zenith Bank Plc, has signed an Agreement with the African Continental Free Trade Area (AfCFTA) Secretariat for the development...
Federal Inland Revenue (FIRS) has directed banks to deduct 0.375 percent stamp duty levy on all mortgage loans and bonds. The FIRS gave the directive to...
The Nigeria Deposit Insurance Corporation (NDIC) has raised the maximum deposit insurance coverage for all licensed deposit-taking financial institutions. Deposit insurance coverage refers to the protection...
In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn at...
Crown Agents Bank (www.CrownAgentsBank.com), the specialist provider of foreign exchange (FX) and cross-border payments for hard-to-reach markets, and Invest Africa, a leading platform for business and investment...
Benin has become the first sub-Saharan African country to join the European Bank for Reconstruction and Development (EBRD). The country is the Bank’s 75th shareholder. Benin...
Shareholders of Zenith Bank Plc unanimously approved the restructuring of the Bank to a holding company during a court-ordered Extraordinary General Meeting (EGM) held virtually from...
President African Development Bank Akinwumi Adesina) said that Africa’s immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries’...
Opening the week, the local bourse gained 13bps, recovering some of the prior week losses to settle at 99,665.05 points. Renewed investor interest in Tier-1 banking...
Shareholders of the International Monetary Fund agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt...