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 […]
“Without natural capital accounting GDP growth is meaningless’
An official in the Ministry of Finance has said any system that does not have natural capital accounting is failing even if GDP is growing.
Tesla losses $80bn in one day, combined value of GM, Ford
Tesla shed about US$80-billion of its market value on Tuesday, an amount that overshadows the combined value of General Motors and Ford, after its surprise exclusion from the S&P 500 Index. Tesla’s shares recorded their worst single-day percentage drop ever and added to the broader sell-off in technology stocks, which have dominated Wall Street’s recovery […]
Sell pressure: NSE All-Share Index dips 0.33%
Trading on the Nigerian Stock Exchange (NSE) maintained negative mood on Tuesday with the All-Share Index losing 0.33 percent, amid sell pressure in banking equities. Specifically, the NSE All-Share which opened at 25,582.23 lost 84.91 points or 0.33 percent to close at 25,497.32. Similarly, the market capitalisation shed N44 billion or 0.33 percent to close […]
Tesla to sell $5 billion worth of stock as shares continue to rally
Tesla on Tuesday revealed plans to take advantage of its meteoric stock rise by raising up to $5 billion through a program to sell more shares of the popular electric vehicle company. Wall Street’s main brokerages, including Goldman Sachs, Bank of America and Morgan Stanley, will serve as sales agents for the stock selling program, […]
CBN orders banks to pay 10%of MPR as interest on savings deposit
By Babajide Komolafe The Central Bank of Nigeria (CBN) has ordered banks to henceforth pay 10% of it’s Monetary Policy Rate (MPR) as the minimum interest rate on savings deposit. The MPR is the benchmark interest rate of the CBN and it is presently 12.5 per cent. This implies bank customers will now get 1.25 […]
