By Seun Ibiyemi In the first nine months of this year, 10 Deposit Money Banks in Nigeria collectively generated approximately N4.20 trillion, according to an analysis of their quarterly financial reports. The banks listed on the Nigerian Exchange Limited saw…
President Bola Tinubu on Friday congratulated the retired Group Chief Executive Officer of First Bank Nigeria Limited, Dr Adesola Adeduntan, for his service at Nigeria’s oldest bank. The President’s good wishes were contained in a statement signed by Special Adviser…
Prof. Bello Ibrahim, the Chairman Borno State Internal Revenue Service,said that the agency has no plan to introduce any new tax in the state for now. Ibrahim in an interview on Sunday in Maiduguri, said the state was for now…
The International Monetary Fund (IMF) member countries have elected an expanded Executive Board of 25 Executive Directors, including three representing Sub-Saharan Africa(SSA.) IMF Media Centre disclosed this in a statement on Saturday in Abuja. According to the statement, the completion…
The Niger Delta Development Commission (NDDC) has partnered with Providus Bank as part of efforts o collaborate with financial institutions as part of its efforts to accelerate economic growth and development in the Niger Delta region. Speaking during the commissioning…
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has set the wheels in motion to expand its operations in the Middle East with plan ongoing to open a subsidiary in Saudi Arabia, its largest economy. This move which is…
FarmSlate, a startup connecting smallholder farmers with financiers, has won the First City Monument Bank (FCMB) Agritech Hackathon 2024. Its winning solution uses artificial intelligence, the Internet of Things, and geospatial analytics to achieve this. The startup received N3.5 million…
By Esther Agbo The Nigerian Senate has called on the Nigeria Deposit Insurance Corporation (NDIC) to prioritise efforts in securing maximum returns from the liquidation assets of the now-defunct Heritage Bank. This directive, aimed at protecting the interests of remaining…
The International Finance Corporation (IFC) and the Central Bank of Nigeria (CBN) have announced a partnership and collaboration which aims to increase local currency financing for Nigeria’s priority sectors, addressing a critical gap in funding for key areas such as…
Dangote Cement Plc saw a marginal increase in its pre-tax profit in the first nine months of 2024 to N406.38 billion as high finance and production costs gulped revenues during the period. This is according to the company’s unaudited financial…
