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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Fidelity Bank pioneers self-service feedback system for *770#

FIDELITY Bank Plc has again demonstrated its desire to continuously improve on customer service with the introduction of a personalized self-service feedback system on its flagship Instant Banking Product *770#. This pioneering initiative, which is the first of its kind in the Nigerian banking industry, will take customer service a notch higher.

H1: Diamond Bank’s asset base hit N2tr as profit rises by 2.8%

DIAMOND Bank Plc has achieved asset base of N2 trillion in the first half, H1 of 2017, while its profitability rose by 2.8 per cent during the period.
The bank disclosed this in its H1 2017 financial results released on the floor of the Nigerian Stock Exchange (NSE) in Lagos.

N967bn inflow to revive interbank market liquidity

THE interbank money market will this week receive liquidity boost of N966 billion inflow from statutory allocation funds and payment of matured treasury bills (TBs). The expected inflow will revive market liquidity, which fell drastically last week by 92 per cent to N12 billion on Friday from N177.48 billion on Monday.

Recession: CBN warns as FG records N2.51trn deficit in 6 mths

The Central Bank of Nigeria, CBN, yesterday, warned that the nation’s economy may relapse into another recession, citing the N2.5 trillion budget deficit recorded by the Federal Government in six months and other factors as major threats to a fragile economic recovery.

Insurers generate N1.7tr in six years

THE Nigerian Insurers Association (NIA) has said that insurance companies generated about N1.72 trillion gross premium in six yeaom 2011 to 2016.

Money Laundering: 200 insurance brokers not registered with NFIU

AT the backdrop of Nigeria’s suspension from the Egmont Group of Financial Intelligence Units, the National Insurance Commission, NAICOM, has said that 200 insurance brokers out of the 358 operating in the country are yet to register with the Nigerian Financial Intelligence Unit, NFIU, on money laundering and terrorism financing.

Cost had most impact on businesses — Guinness CEO

The Managing Director, Guinness Nigeria Plc, Mr. Peter Ndegwa, in this interview with Financial Vanguard, spoke on issues that challenge manufacturing companies in Nigeria , brewery sector, Guinness brands, proposed capital raising, future prospects, among others. Excerpt: By Peter Egwuatu WHAT are the challenges  facing the manufacturing industry in the country? The economic environment has […]

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