First Bank named Nigeria’s strongest brand in 2026 by Brand Finance
First Bank, West Africa’s premier financial institution and financial inclusion service provider, has been recognised as the strongest brand in Nigeria in the “Nigeria 25 2026” ranking by Brand Finance, a leading independent brand valuation and strategy consultancy. The Bank achieved an AAA+ rating, the highest possible distinction, underscoring its unmatched brand strength and leadership […]
African Alliance shareholders support moves for recapitalization drive
SHAREHOLDERS of African Alliance Plc  have thrown their support to the board and management of the company in their ongoing quest to reposition the firm and ensure it is fully recapitalized before the deadline specified by the National Insurance Commission (NAICOM).
Union Bank charity spreads xmas joy to communities
Union Bank has embarked on its 2019 UnionCares charity drive, spreading cheer to the less privileged and putting smiles on the faces of thousands across the country. This is in line with the financial institution’s commitment to support the communities within which it operates.
Banks grow total assets by 10% to N41.4 trn in 12mths
The total assets of the 27 deposit money banks rose by 10 percent, year-on-year to N41.4 trillion in the 12 months ending October 2019.
Sustaining e-payment growth requires partnerships, data analytics — Experts
PAYMENT systems experts have identified partnerships and utilisation of data analytics as key factors that would sustain triple digit growth record under the Payment System Vision (PSV) 2020.
Equity lending: SEC engages PenCom for review of guidelines
THE Securities and Exchange Commission, SEC has revealed that it has begun negotiations with institutional investors like the National Pension Commission, PenCom, to review its guideline to enable Pension Fund Administrators, PFAs, to lend their equities in the stock market.
Cost of funds to decline further as N405bn hit interbank market
INTERBANK lending rates are expected to decline further this week in response to inflow of N405 billion from maturing treasury bills.
TOMS Shoes creditors to take over the company
TOMS Shoes LLC’s creditors have agreed to take over the maker of casual footwear in exchange for restructuring its debt, according to a company letter sent to employees on Friday and people familiar with the matter. Credit ratings agencies had warned that TOMS, which is known for its charitable giving, would not have been able […]
Facebook’s Libra has failed in current form: Swiss president
Facebook’s Libra project has failed in its current form and needs reworking to be approved, said the president of Switzerland where the cryptocurrency is seeking regulatory consent. “I don’t think (Libra has a chance in its current form), because central banks will not accept the basket of currencies underpinning it,” Ueli Maurer, who is Switzerland’s […]
Seplat wins PETAN, Frontier, CAMCAN awards
SEPLAT Petroleum Development Company Plc, listed both on the Nigerian Stock Exchange, NSE, and London Stock Exchange, LSE, recently won the Petroleum Technology Association of Nigeria’s (PETAN) 2019 Local Content Operator Award, the Frontier Energy Independent Player in Africa (Leopard) Award and the Capital Market Correspondents Association of Nigeria (CAMCAN) Most Profitable Company in Oil/Gas on the Nigerian Stock Exchange (NSE) Award for the year.
Demutualisation of NSE will provide multiple income, options for dealers – ASHON boss
SECURITIES dealers have expressed their readiness for the take-off of the demutualisation of the Nigerian Stock Exchange, NSE, stressing that it will give them multiple income streams and options to trade.
