No plans to revoke Polaris, Fidelity Bank, others licences – CBN
…Assures of safety of bank deposits Omeiza Bilal The Central Bank of Nigeria (CBN) has said that it has no...
Banking & Finance
Afreximbank disburses $40m to support Fidelity Bank’s acquisition of Union Bank UK
Omeiza Bilal African Export-Import Bank (Afreximbank) has announced the disbursement of a $40-million Intra-African Investment Facility to Fidelity Bank Nigeria...
Domestic equity market decline by N84bn
Domestic equity market on Thursday returned to bearish trend, declining by N84 billion. Market capitalisation of listed equities depreciated by...
We’ll recover N700bn loan owed liquidated Heritage Bank – NDIC
…Customers will get insured deposits, Corporation assures Omeiza Bilal The Nigerian Deposit Insurance Corporation (NDIC) has said that it will...
SEC DG canvasses stronger collaboration to tackle unclaimed dividends
Omeiza Bilal Acting Director General of the Securities and Exchange Commission Dr. Emomotimi Agama has charged relevant stakeholders in the...
Equity market gains N132bn
The local equity market on Wednesday returned to bullish trend, gaining N132 billion as gain in the shares of FBNHoldings,...
No plans to revoke more more banking licenses – CBN
Omeiza Bilal The Central Bank of Nigeria (CBN) has said that a report making the rounds that it plans to...
Equity market sheds N103bn as strikes commences
Domestic equity market on Monday opened in a bearish run, declining by N103 billion. Market capitalisation of listed equities went...
NDIC commences Heritage Bank liquidation, assures on prompt payment of insured deposits
Omeiza Bilal The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of Heritage Bank, assuring it will pay depositors...
Africa needs $402.2bn annually to boost structural transformation by 2030 – AfDB
Africa needs to close a financing gap of about 402.2 billion dollars annually by 2030 to fast-track its structural transformation....
