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 […]
Capital market can provide funds to bridge N3 trn infrastructure gap — United Capital MD
Managing Director, MD, Investment Banking at United Capital Plc, Babatunde Obaniyi in this interview speaks on fund raising from Nigerian capital market to finance infrastructure deficits , mergers and acquisitions to meet capital requirements of corporate entities, apathy for equities, need for diversification to fixed income, instruments, power sector challenges, among other issues. Excerpts:
CBN to disburse lower Naira denominations through microfinance banks
THE Central Bank of Nigeria (CBN) has released guidelines for the disbursement of lower denominations of the naira through microfinance banks (MFBs) across the country.
Oyegun @ 80: Don’t die without joining APC, Osinbajo tells PDP
ABUJA— Vice President Yemi Osinbajo has called on leaders of the opposition Peoples Democratic Party, PDP, to make a decision to join the ruling All Progressives Congress, APC, at least before they die.
Banks’ borrowings from CBN to hit N23tr by year end
THERE are indications that banks borrowing from the Central Bank of Nigeria, CBN, may hit N23.7 trillion this year, with interest payment of N15 billion going by the current thrust and impacts of the CBN monetary measures. This represents 109 percent and 86 percent increases against the N11.33 trillion and N8.4 billion recorded in 2018.
LAPO MfB raises share capital to N3.5bn
By Providence Emmanuel LAPO Microfinance Bank, MfB, Limited has increased its authorised share capital by 75 per cent to N3.5 billion from N2 billion. This was done by the creation of three billion additional ordinary shares of 50 kobo each, which ranks pari-passu in all respects with the existing ordinary shares. Securities dealers blame market […]
Offshore investors to sustain dumping of fixed income assets
THE increasing selloff (dumping) of fixed income assets (bonds and treasury bills) by offshore investors is expected to persist this week, even as the Debt Management Office, DMO, offers N145 billion worth of FGN bonds.
Access Bank offers collateral-free loans, business support to SMEs
The Emerging Business Team of Access Bank led by Mrs. Ayo Olojede discusses how small and medium enterprises can get financial and other supports from Access Bank, especially business loan without collateral. Excerpt:
Ecobank engages new set of graduates in training
ECOBANK Nigeria through its training academy has commenced entry level development programme for new set of Graduate Trainees. A statement from the bank said the training programme is an intensive eight-week medley of learning interventions for fresh graduates.
Conoil assures shareholders of improved returns
By Peter Egwuatu SHAREHOLDERS of Conoil Plc have expressed optimism over a possible improvement in the company’s returns on investment, in line with its tradition of delivering good dividend. In his address to shareholders at the 49th Annual General Meeting, AGM, of the company in Uyo, Akwa Ibom State, the Chairman, Dr. Mike Adenuga, stated that […]
Equity market: Investors’ negative sentiment persists
INVESTORS’ negative sentiment continued in the equity market on the Nigerian Stock Exchange, NSE, despite the N0.30kobo interim dividend declared by Guaranty Trust Bank Plc.
