Two Federal Government of Nigeria (FGN) bonds have been offered for subscription in October at N1,000 per unit. A Debt Management Office (DMO) statement said the first offer is a two-year FGN savings bond due on Oct. 16, 2026, at an interest rate of 17.084 per cent per[Read More…]
Polaris Bank partners UI, NCF on environmental conservation, tree planting Polaris Bank Limited has collaborated with the University of Ibadan (UI) and the Nigerian Conservation Foundation (NCF) on environmental conservation through a tree planting initiative. This was disclosed during a courtesy visit to the UI Vice Chancellor, Prof. Kayode[Read More…]
The Central Bank of Nigeria has introduced an Electronic Foreign Exchange Matching System, (EFEMS) aimed at transforming the country’s foreign exchange market. This new system is set to be operational in the Nigerian Foreign Exchange Market by 1 December 2024, following a two-week test run scheduled for November.[Read More…]
Zenith Bank, one of Nigeria’s leading financial institutions, has restored improved services across its electronic transaction channels, ensuring customers have seamless access to banking services. In a statement released on Thursday via its X handle, the bank confirmed that customers can now conveniently conduct transactions across various platforms[Read More…]
Nigeria takes World Bank loan of $1.57 bn for 3 projects Nigeria has again taken another World Bank loan worth $1.57 billion to finance three projects in the health and educational sectors. The bank had earlier approved $2.25 billion loan for the country to boost its economic reforms. According[Read More…]
Polaris Bank recognised as Nigeria’s Best Bank in MSME lending Polaris Bank, Nigeria’s leading retail commercial banking has emerged as Nigeria’s Best Bank in Micro, Small, and Medium Enterprises (MSMEs) lending. The lender was recognised over the weekend for it’s long standing commitments to supporting MSMEs through several direct[Read More…]
BancABC Tanzania company to Operate as Access Bank Tanzania Limited Access Bank PLC has successfully satisfied all legal and regulatory requirements to complete its acquisition of African Banking Corporation (Tanzania) Limited, BancABC Tanzania or BancABC. With the acquisition now finalised, the entity in Tanzania will operate under[Read More…]
Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African banking group, is partnering the Women in Mining In Nigeria (WIMIN) for its annual Gold & Gemstone Conference & Exhibition. The 3-day event scheduled for Thursday, September 26th to Saturday, September 28th will be held at the[Read More…]
Fidelity Bank Stock record Over 20% Growth Following Combined Offer Growing investor confidence and strong market participation have continue to boost optimism about Fidelity Bank’s stock as the bank experienced a remarkable 20% surge on the Nigerian stock market, with its share price surpassing the N13 mark by the[Read More…]
Access Holdings reports N348.9 billion pre-tax profit in H1 2024 Access Holdings Plc, a leading global financial institution, announced its half-year audited financial results for the period ended 30 June 2024. The results which underscore the company’s continued resilience, focus on delivering sustainable performance and commitment to creating long-term[Read More…]
