September 25
Nigeria: At 17.01 Percent, Prime Lending Rate Hit Highest Peak Since 2019
Despite the Monetary Policy Rate (MPR) remaining flat at 26.75 per cent between July and August 2024 (currently 27.25 per cent), the Nigeria's banking sector average prime lending… Read more »
September 24
Nigeria: The Alternative Bank Backs Nigeria Cup 2024, Debuts As Lead Sponsor With Ikoyi Golf Club
The Alternative Bank, a pioneering, specialized, and non-interest finance institution, has partnered the prestigious Ikoyi Golf Club to sponsor the 27th Nigeria Cup golf… Read more »
September 23
Nigeria: CBN's Monetary Measures Support Nigeria's Economic Stability, Growth
The Central Bank of Nigeria (CBN) is contributing significantly to efforts aimed at stabilising the economy, particularly through foreign exchange management, inflation control,… Read more »
Nigeria: Battle for Zenith Bank Basketball League Final Tickets Hots Up
The crunch battle for the eight final tickets of the 2024 Zenith Bank National Women's Basketball League started yesterday in two centres. Read more »
September 22
Nigeria: Reports - Six Banks Paid N453.71 Billion As Levies, Insurance Premium to Amcon, Ndic in H1, 2024
Kayode Tokede Read more »
Nigeria: Teams Arrive Abuja, Enugu for Zenith Bank Basketball League
All teams will be heading to Abuja and Enugu for the Second Phase of the 2024 NBBF/Zenith Bank Women's Basketball team with the record title holder of the league, the First Bank… Read more »
Nigeria: Recapitalisation - Mixed Sentiments Hit Banking Stocks As Index Recuperates
Following the banking sector recapitalisation exercise announced by the Central Bank of Nigeria in March 2024, the Nigerian Exchange Limited banking sector has witnessed sentiment… Read more »
September 19
Nigeria: Nigeria, AfDB to Collaborate in Food Security, Sustainable Economic Growth
The federal government and the African Development Bank (AfDB) have commenced discussions on areas of collaboration, including initiatives to strengthen food security, the Special… Read more »
Nigeria: Infinity MFB Secures Long-Term Rating From Datapro
Infinity Microfinance Bank Nigeria Limited has received an A- long-term rating from DataPro, one of Nigeria's foremost compliance, corporate governance, and fraud risk management… Read more »
Nigeria: Zenith Bank Proud of Basketball Growth in Nigeria
*2nd Phase of National Women's League to start on Sunday Read more »
September 16
Nigeria: Polaris Bank Inducted Premium Member of Nbcc
Polaris Bank has been inducted a premium member of the prestigious Nigeria-British Chamber of Commerce (NBCC), marking another milestone in the Bank's journey towards enhancing… Read more »
Nigeria: Firstbank Educates Businesses On Cyber-Fraud Amid Rising Threats
First Bank of Nigeria has taken proactive steps to educate businesses and customers on protecting themselves from the growing threat of cyber-fraud, particularly during the "ember… Read more »
Nigeria: Despite Economic Challenges, Banks, Others Raise N2.6tn From NGX
On the back of business expansion and drive to meet the Central Bank of Nigeria (CBN) minimum capital requirement, a total of 12 companies listed on the Nigerian Exchange Limited… Read more »
September 11
Nigeria: NAICOM Seeks NGF Collaboration in Deepening Insurance Penetration
The National Insurance Commission (NAICOM), has sought for cooperation of Nigerian Governors' Forum (NGF) in deepening insurance penetration across the country. Read more »
September 10
Nigeria: Sterling Bank Adopts Africa's First Indigenous Core Banking System Migration
Sterling Bank Limited has set a new precedent by migrating to the continent's first-ever indigenous core banking solution, SeaBaaS. Read more »
September 08
Nigeria: Wema Bank Embarks On Innovative Approach to Sustainable Development in Lagos
In an era where environmental sustainability intersects crucially with economic development, the concept of a circular economy has emerged as a vital solution to many of the… Read more »
September 05
Nigeria: At Zenith Bank Trade Seminar, Stakeholders Advocate Increased Investments in Non-Oil Exports
Stakeholders unanimously called for concerted efforts towards adding value to non-oil export products by processing them into semi-finished and finished goods to unlock significant… Read more »
September 03
Nigeria: Globus Bank Relocates Head Office As Agusto & Co., Gcr Reaffirms National Credit Rating of a-, Stable Outlook
Globus Bank yesterday announced that it has relocated its Corporate Head Office from No 6 Adeyemo Alakija, Victoria Island to Plot 722 Akinbo Savage, Victoria Island, Lagos State. Read more »
September 02
Nigeria: Zenith Bank Maintains Leading Position in Profitability As PBT Soars to N727 Billion in H1 2024 Result
Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2024, recording an impressive triple-digit growth of 117% in gross earnings from N967.3 billion… Read more »
Nigeria: Mutual Benefit Tasks FG On Policy Changes to Increase Insurance Patronage
The Managing Director and Chief Executive Officer Mutual Benefit Assurance plc, Mr Femi Asenuga, has urged Federal Government to effect policy changes that would increase insurance… Read more »
Nigeria: Zenith Bank's Basketball League First Phase Opens in Two Centres
The Indoor Sports Hall of the Akure Township Stadium is the venue of the Atlantic Conference which has eight teams competing for honours. They Are First Bank, Delta Force, MFM,… Read more »
Nigeria: Remittances - Fidelity Bank Partners Mastercard to Unveil 'Fidelity Send'
Fidelity Bank Plc and Mastercard have partnered to unveil a new initiative tagged, "Fidelity Send," to enhance swift cross-border payments and remittances in Nigeria. Read more »
September 01
Nigeria: Some Questions Arising From Nnpcl's 2023 Accounts
First, credit where it is due. NNPC Limited (NNPCL) deserves commendation for releasing its 2023 audited financial statement on time and for continuing the recent tradition of… Read more »
August 21
Nigeria: Sunu Assurances Pays N2.08bn Claims, Posts N2.5bn Profit
SUNU AssurancesPlc said it paid a total of N2.08 billion claims to its policy holders in the 2023 financial year, representing 41.5 per cent increase from N1.47 billion paid in… Read more »
Nigeria: UBA @ 75 - Power of Impact, Transforming Lives
Keeping faith with its Legacies of Promos and in commemoration of its 75th anniversary, the United Bank for Africa, UBA, has set aside over N200 million to reward its loyal… Read more »