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 […]
Stock market in Q1’18: Investors gain N1.38trn in 3months
DESPITE the bearish trend that prevailed in the equities market on the Nigerian Stock Exchange, NSE, for most part of March 2018, activities in the market ended the first quarter, Q1’18, on a bullish note, resulting in N1.38 trillion gains to the investors.
UBA rewards high performance, promotes 2,000 staff across Africa
IN line with its commitment to reward excellence and high performance, Pan-African financial institution, United Bank for Africa (UBA) Plc, has announced the promotion and elevation of about 2000 of its work force, representing about 17% of total staff strength across the group.
CBN recommends corporate bonds to finance houses
THE Central Bank of Nigeria, CBN, has recommended corporate bond issuance to finance houses (FHs) as a strategy for tackling the challenge of paucity of funds confronting the subsector.
MFBs need higher capital base to enhance public confidence — Bosak MfB
Head of Recovery, Bosak Microfinance Bank Limited, Mr. Charles Onwuchekwa, in this interview said that the proposed increase in the capital base of MFBs is overdue and will enhance public confidence in the MFB segment.
We want to improve efficiency in collection of consumption taxes – LIRS boss
Recently the chairman, Lagos Internal Revenue Service, Mr Ayodele Subair, spoke about the technology application in the collection of the state’s consumption tax, saying it is targeted at improving efficiency while plugging leakages.
AMEN President begins youth empowerment programme
THE President of Association of Micro Entrepreneurs of Nigeria (AMEN) has commenced a youth empowerment programme in Ijegun community of Alimosho Local Government Area, Lagos State.
N177bn inflow to moderate cost of funds in interbank
COST of funds is expected to moderate downward this week, in response to inflow of N177 billion from matured Treasury Bills (TBs).
Buhari’s order to MDAs is too late
Lateness in getting the budget passed each year has contributed to our deepening poverty
Bank customers fault NIN as single identifier for transactions
BANK customers have faulted the imposition of the National Identification Number (NIN) as single identifier for banking transactions, saying this could undermine achievement of the nation’s financial inclusion goal.
Banks borrow N52tr from CBN as liquidity pressure intensifies
BANKS’ borrowing from the Central Bank of Nigeria (CBN) shot up by 80 percent to N52 trillion in 2017, from N29 trillion in 2016, due to pressure to survive the impact of high interest rate regime and ceaseless liquidity mop-up, driven by the tight monetary policy of the apex bank
