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 […]
Banks weigh options for meeting the new LDR threshold
Deposit money banks are reassessing their strategy to meet the new minimum Loan-to-Deposit Ratio, LDR, of 65 percent prescribed by the Central Bank of Nigeria, CBN, mid last year.
C & I Leasing N3.2bn rights issue closes today
C & I Leasing Plc Rights Issue of N3.2 billion will close today, Monday, January 13, 2020, following the extension period granted the company by the Securities and Exchange Commission (SEC). The SEC had granted C&I Leasing Plc a 10-day extension for the closure of its Rights Issue which initially ended December 27, 2019.
BUA Cement shares up 6.63% to N41 per share
THE shares of BUA Cement Plc rose again by 6.64 percent on Friday, a day after its listing on the Nigerian Stock Exchange (NSE) following buy interest from investors. The stock, which was listed at N35 per share, rose to N41 after investors bought 8.198 million units valued at N336.14 million in 161 deals.
Banker advocates millennial focused cross generational workplace
A BANKER and the Convener of the Employee Marketplace (EMP) Initiative, Mr. Nduneche Ezurike, has called on organisations to embrace millennial focussed cross generational workplace.
ABCON cautions FG on France involvement in ECO currency
Association of Bureaux De Change Operators of Nigeria (ABCON) has advised the Federal Government to be wary of the involvement of France in the Eco currency project.
N479.9bn inflow to boost interbank liquidity
THE interbank money market will this week receive liquidity boost of N479.9 billion from matured treasury bills, hence expectation of decline in cost of funds.
How investors purchased N19trn treasury bills in 2019
INVESTORS purchased N19 trillion worth of treasury bills (TBs) in 2019, with Open Market Operations (OMO) bills accounting for 85 percent of the purchase.
CIS seeks overhauling of financial system to attract growth, development
CHARTERED Institute of Stockbrokers (CIS) has called for the overhauling of the nation’s financial system to attract more growth and development in the economy.
Ecobank unveils N70bn agric financing scheme
ECOBANK Nigeria has announced an Agriculture Businesses Finance Scheme where it plans to disburse additional loan of N70 billion for practitioners in different value chains of agriculture within the next two years. This announcement is coming just as the bank is set to organise an agribusiness and food summit next month.
Allow private sector to do more — CIBN boss charges FG
PRESIDENT/Chairman of Council, Chartered Institute of Bankers’ of Nigeria (CIBN), Dr. Uche Olowu has called on the federal government to allow increased private sector participation in the development of the country.
