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 […]
Insurers cough out N 19.5 trn to natural catastrophes in 10 years
The world over has experienced an estimated lose of N19.5trillion ($130 billion) due to natural catastrophes in the last 10 years just as 2010 cost insurers N5.5trillion, according to Munich Re.
MFBs to drive total access to financial access
Despite the number of microfinance banks in operation, MFBs, the Central Bank of Nigeria, CBN, has employed more measures to reduce the number of economically active poor that are excluded from any form of formal financial services.
The Informal Economy and Entrepreneurial Development
According to World Bank estimates, between 25% and $40% of GDP in developing Asian and African countries comes from the informal sector. In Nigeria, Africa’s largest country, the figure might be close to 65% of GNP according to independent research.
We aren’t going to compromise negative shareholders’ funds — NSE
Mr. Emmanuel Ikazoboh, Interim Administrator of the Exchange, Mr. Onyewuchi Asinobi, Managing Di-rector, CSCS Limited and Binus Yaro, General Manager, Listing and Quotation Department of the NSE, in an interactive session with journalists, x-ray the performance of the capital market in 2010 and the future expectations of the Exchange.
AMCON to take shareholding in banks, second phase of bank bad debt purchase
Indications emerged last week that the Asset Management Company set up by the CBN will after all take up shareholding in banks from which they purchased bad debt.
