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 […]
BGL tasks NAIOCM to verify capital adequacy of insurers
BGL Plc has called on the National Insurance Commission (NAICOM) to carry out an industry wide capital adequacy verification exercise to evaluate the stability of the sector.
NGO tasks NEITI on prompt release of audit reports
An NGO, Publish What You Pay, has called on the Nigeria Extractive Industries Transparency Initiative (NEITI) to promote the extractive industry’s efficiency by promptly releasing audited reports of the industries.
PZ Cussons records N5.2BN profit
PZ Cussons Nigeria Plc has recorded N5.2 billion being profit after tax for the year ended 31st May 2011 despite the global economic challenges. Chairman of Board of Directors of the Company, Prof. Emmanuel Edozien who disclosed this at the 63rd Annual General Meeting, AGM, of the company in Calabar, Cross River State, said that the turnover of the company increased by 5 per cent from N62.7 billion last year to N65.9 billion in the year ended 2011.
Fashola launches Lagos mortgage arbitration rules
The Lagos State Government has launched the Housing Arbitration Rules of the Lagos Home Ownership Mortgage Scheme, HOMS, which is meant to provide speedy and effective resolution of disputes that arise under the scheme.is designed by the state government to meet the demand for large-scale affordable housing.
Nigerian inter-bank rates fall, liquidity tighten
Nigeria’s inter-bank lending rates dropped to an average of 10.75 per cent this week from 11.41 per cent last week. This has brought about an increase in banks’ use of the Central Bank of Nigeria, CBN, discount window to borrow cheaper funds.
Address housing deficit with capital market -GMA boss
An investment banker, Mr. Olu Abayomi-Sanya, has advocated the use of the capital market in addressing the housing deficit in Nigeria.
Obi of Onitsha now Unilever’s chairman
The Obi of Onitsha andChairman Anambra State Traditional Council, Dr. Nnaemeka Alfred Achebe, has been appointed chairman, Board of Directors of Unilever Nigeria Plc.
Cashless economy will curb money laundering, terrorism — Aboh
The Managing Director/CEO, Oceanic Bank International Bank Plc, Mr. John Aboh has explained the need for Nigerians to embrace a cashless economy which is being championed by the Central Bank of Nigeria (CBN).
NIA Allays member fears on Motor insurance Policy
Amidst fears that the Federal Road Safety Commission (FRSC) might hijack motor insurance policy from the insurance sector, the Nigeria Insurance Association (NIA) has stated that automation of motor certificates in the country has come to stay.
Banks’ nationalisation and shareholders’ plight
The Asset Management Corporation of Nigeria(AMCON) has now been operational in the country for about two years as one of the Federal Government’s decisive responses to the last global financial meltdown. By the expectations of the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), the Nigerian Stock Exchange (NSE) and the Federal Ministry of Finance in particular, AMCON held the prospects to redeem the nation’s troubled banking sector as well as restore confidence into the capital market.
