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 […]
Assessing Nigeria’s quest for 80% financial inclusion
SINCE 2010, there have been series of efforts across the world to increase financial inclusion, which refers to the number of people that have access to financial services.
Investors anticipate higher yields on TBs as N786bn hit interbank market
The Central Bank of Nigeria (CBN) is expected to offer higher yields on treasury bills to be auctioned this week in a bid to mop up N786 billion inflow into the interbank money market this week.
Union Bank donates 6,000 care bags to underprivileged
Union Bank, through its UnionCaresinitiative, provided relief for thousands of the underprivileged by donating over 6,000 care bags containing staple food items.
VFD Group pulls out N1.6bn shareholding from NEM Insurance
THE VFD Group said it has divested its N1.6 billion shareholding from NEM Insurance following disagreement with the management over strategic direction of the company.
Registrars to give periodic report on e-dividend progress —SEC
IN an effort to ensure that more investors keyed into the e-dividend initiative and also make the registration more seamless, the Securities and Exchange Commission, SEC, has directed Registrars to provide periodic update on investors’ e-dividend registration status.
NEM Insurance, Resort Savings record worst performance in bearish market
DESPITE the bullish trend which persisted in the last two trading days on the Nigerian Stock Exchange, NSE leading to a halt of persistent decline since the beginning of the year, NEM Insurance Plc and Resort Savings & Loans Plc recorded the worst performance last week.
Abraaj to convert $10m loans in C&I Leasing to equity
C &I Leasing has announced plans by Abraaj Group, managers of the Aureos Africa Fund, to convert its $10 million loan stock to the company to equity.
Wapic Insurance launches ombudsman desk
WAPIC Insurance Plc, one of the leading underwriters in the country, has launched an ombudsman desk that would investigate and mediate fair settlement of commercial disputes between the company and its customers. The company said the move is part of efforts to sustain the robust relationship it has built with customers over the years.
Linkage Assurance sees brighter future with improved technology
MANAGING Director/Chief Executive Officer of Linkage Assurance Plc, Daniel Braie, has said that the increased investment in technological infrastructure and quality manpower holds a bright future for the company.
CBN spent N2.36tr to mop up N18.7tr in 2018
THE Central Bank of Nigeria, CBN, is estimated to have spent about N2.36 trillion to mop up N18.7 trillion through OMO treasury bills from the interbank money market in 2018.
Insurance can serve as security in an election year – Lawal
Managing Director and Chief Executive Officer of Sterling Assurance Nigeria Limited, Mr. Fatai Lawal in this interview urges citizens to secure their lives and property with insurance in an election year.
Nigeria accounts for 40% of our businesses in Africa – CEO, Continental Re
Dr. Femi Oyetunji, Group Managing Director/CEO, Continental Reinsurance, CRe Plc, in this interview with Financial Vanguard, spoke on issues affecting the insurance and reinsurance business in Africa. Excerpts:
CBN’s forex intervention rises 118% to $48bn
THE Central Bank of Nigeria, CBN, cash injection into the nation’s foreign exchange market rose by 118 percent to about $48 billion in 2018 from $22 billion in 2017.
BEDC reconnects 42 communities across coverage states
MANAGEMENT of BEDC Electricity PLC (BEDC) says it has reconnected 42 communities within its franchise states of Delta, Edo, Ondo and Ekiti states which were hitherto without power supply to the national grid, as at end of November 2018.
Stock market to recover N2trn loss post-election – Shareholder
Mr Patrick Ajudua, National Chairman, New Dimension Shareholders Association, NDSA in this interview spoke on the stock market performance in 2018 and the outlook for 2019 and some of the things that government should do top attract foreign investors. Excerpts:
