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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Less than 1% MfBs has national licences

Less than 1% MfBs has national licences

Less than one percent of Microfinance Banks, MfBs, licenced by the Central Bank of Nigeria, CBN, have national licence to operate in the country.

FG’s borrowings for 2018 budget to hit N2tr — FSDH

FG’s borrowings for 2018 budget to hit N2tr — FSDH

Says naira devaluation will worsen public debt FSDH Merchant Bank has  projected that the federal government will borrow up to N2 trillion to finance its budget in 2018, describing the nation’s debt service-to-revenue ratio, which rose to 79 percent in first quarter 2018, Q1’18, as very high and unsustainable. The bank also warned that the […]

Turnover in I&E rises 24% to $29.7bn in H1’18

Turnover in I&E rises 24% to $29.7bn in H1’18

THE volume of dollars traded in the Investors and Exporters, I&E, window rose by 24.2 percent to $29.7 billion in the first half of the year, H1’18, from $23.9 billion traded in 2017.

CAMA allows shareholders to be members of audit committee —Adebisi

CAMA allows shareholders to be members of audit committee —Adebisi

National Coordinator, Independent Shareholders Association, ISAN, Mr. Adeniyi Adebisi, in this interview with Financial Vanguard spoke on audit committee membership and the provision of CAMA as well as government policy that affects the petroleum marketing companies quoted on the Nigerian Stock Exchange, NSE.

NPF Microfinance Bank grows profit by 14%

NPF Microfinance Bank grows profit by 14%

NPF Microfinance Bank Plc has grown its profit after tax, PAT, by 14 percent to N631.89 million in its financial year ended December 31, 2017 from N554.9 million in 2016.

NBC pledges continued investment in glass bottle

NBC pledges continued investment in glass bottle

NIGERIA Bottling Company, NBC, bottlers of Coca Cola has said it will continue to invest in glass bottles as content container for its brands as it is more environmentally friendly, and helps the consumer to have a healthier drink.