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 […]
FG sees 8% export expansion under AfCFTA
The Federal Government said that the African Continental Free Trade Area (AfCFTA) agreement can increase Nigeria’s total exports by 8.0 per cent.
Cost of funds to fall as N606bn inflow boosts interbank liquidity
THE rise in the cost of funds in the interbank money market last week will be reversed this week due to inflow of N606 billion inflows from maturing treasury bills (TBs)
Role of the rule of law in attracting foreign investment
The strength of the Rule of Law in a country ranks among the top three considerations when multinationals make decisions about where to locate foreign direct investment – above considerations such as the cost of doing business and access to national and regional markets.
Our 5-Cs of lending to SMEs — Access Bank
Many small and medium scale business owners have many challenges in accessing loans from commercial banks. In its radio programme, smedigest on Inspiration 92.3 FM, Access Bank Plc outlines briefly the what it takes for SMEs to access business loans from the bank. The bank’s Group Head, Emerging Businesses, Mrs Ayo Olojede, and her colleagues, Olakunle Ajilabu and Tamunotonye Onianwah, fielded questions.
Digital switch-over: How Mba, others allegedly shared NBC’s N2.9bn — Witness
A principal witness, Abubakar Aliyu Madaki, on Wednesday and Thursday, September 25 and 26, 2019, gave vivid account of how a former director-general of National Broadcasting Commission NBC, Emeka Mba and four others, allegedly transferred N2.9billion (Two Billion, Nine Hundred Million Naira) belonging to the Commission to different private bank accounts before Justice Mojisola Giwa-Ogunbanjo […]
Kenya central bank approves merger of lenders NIC, CBA Group
Kenya’s central bank said on Friday that it had approved the merger of Commercial Bank of Africa and NIC Group, making it the second major merger in the sector this year. The central bank said in a statement in Nairobi that following the merger, effective Oct. 1, 2019, all subsidiaries would operate under a non-operating […]
NDIC commences payment to depositors of 154 failed MFBs
The Nigeria Deposit Insurance Corporation (NDIC) said it had commenced payment to depositors of 154 Micro Finance Banks (MFBs) that the Central Bank of Nigeria (CBN) revoked their licenses in 2018 due to insolvency. Alhaji Umaru Ibrahim, Managing Director, NDIC, said this at the Corporation’s day at the ongoing 14th edition of Abuja International Trade […]
Nigeria lost $157.5bn to illicit financial flows in 9-yrs — Buhari
..Says such massive assets loss resulted in dearth of resources By Johnbosco Agbakwuru President Muhammadu Buhari on Thursday said that Nigeria lost an estimated US$157.5 billion to illicit financial flows between 2003 and 2012. Quoting from the 2014 Global Financial Integrity Report in his address to the High-Level National Side-Event organised by the African Union […]
South Africa records FDI inflows of 26.3bn rand in Q2
South Africa saw larger Foreign Direct Investment (FDI) inflows in the second quarter than the first quarter as domestic firms received debt and equity funding from foreign parent companies, central bank data showed on Wednesday. The South African Reserve Bank (SARB) said in its quarterly bulletin that the country had FDI inflows of 26.3 billion […]
CBN clarifies cashless policy transaction charges
The Central Bank of Nigeria (CBN) says the transaction charges on deposit and withdrawal in furtherance of the implementation of its cashless policy is on the amount in excess of the set limits. The Director, Corporate Communication Department, Mr Isaac Okorafor, made the clarification in an interview with News Agency of Nigeria (NAN) in Abuja […]
