Finance

First Bank named Nigeria’s strongest brand in 2026 by Brand Finance

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 […]
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Excess crude account drops to $5.27bn

Excess crude account drops to $5.27bn

…As FG, States, LGs share N721.505bn in April
The Minister of State for Finance, Mr. Yerima Ngama, has said that the country’s Excess Crude Account (ECA) has dropped to $5.27billion. He made this known after the monthly Federal Accounts Allocation Committee(FAAC) meeting in Abuja.

‘Imposition of 35% import duty on CPO detrimental to industries’

‘Imposition of 35% import duty on CPO detrimental to industries’

The recent imposition of 35 percent duty on importation of Crude Palm Oil, CPO, into the country by the federal government is beginning to take a toll on associated food industries, as they have started to experience acute shortages in supply of the product, industry stakeholders have said.

No management contract with Rivers to operate aircraft – Caverton

No management contract with Rivers to operate aircraft – Caverton

Caverton Helicopters has told the House of Representative Committee on Aviation, and its counterpart on Justice that they had no management contract with Rivers State government to operate its aircraft and consequently could not have been under pressure to disown it over the aircraft.

Investors decry growing corporate donations to regulatory agencies

Investors decry growing corporate donations to regulatory agencies

*Say they amount to inducement *Five banks donate N232.65m to FRC in 2012
Shareholders have expressed displeasure over the increasing level of financial donations by corporate organisations to various government and regulatory agencies in the country, calling on the federal government and the National Assembly to put a stop to the practice.

Nigeria a rising economy – Clark, ex-Canadian PM

Nigeria a rising economy – Clark, ex-Canadian PM

Former Prime Minister of Canada, The Rt. Hon. Joe Clark, has described Nigeria as a country with a rapidly developing economy and Canada’s largest economic partner in sub-Saharan Africa, saying it is time his country and Nigeria forged a “new partnership”.