Nigeria’s Gross Domestic Product (GDP) grew by 3.46% year-on-year in real terms during the third quarter of 2024, according to a report by the National Bureau of Statistics (NBS). This represents an improvement over the 2.54% recorded in Q3 2023 and a slight increase from the 3.19% in Q2 2024, […]
Category: Money Market
Money Market
FBN Holdings Shareholders Approve N14bn Dividend …Endorses Oyedeji As New GMD
The shareholders of FBN Holdings have unanimously approved a total of N14.4bn as dividend for the financial year ended Dec. 31, 2023. They gave the approval at the company’s 12th Annual General Meeting which was conducted virtually on Thursday. The approved dividend translated to 40k per share. […]
Bola Onadele, FMDQ pioneer MD to retire in 2025
The pioneer Chief Executive Officer of FMDQ Group Plc, Mr Bola Onadele, is set to retire from the group in 2025 after 11 years of exceptional achievements and outstanding strides. This is contained in a statement issued by FMDQ Group on Tuesday in Lagos. The statement said that effective Dec. […]
Access Bank UK Expands Footprint With New Hong Kong Branch …Becomes First W’African Bank In Asian Country
The Access Bank UK Limited has announced the official opening of its Hong Kong branch (a restricted licence bank) today. This expansion represents a key milestone in the bank’s global growth strategy and underscores our commitment to serving clients in the Asia-Pacific region. The launch of the Hong Kong […]
Access Bank launches ‘Power of 100 Africa’ to celebrate women leaders
Access Bank has launched its “Power of 100 Africa” initiative, aimed at recognising and celebrating women who have made contributions to various fields across the continent. The bank made the announcement at a news conference on Tuesday in Lagos. The bank’s Deputy Managing Director, Mrs Chizoma Okoli, said the initiative, […]
Access Bank Partners SaltinGTein To Unveil Winbundle Airtime2Win
Access Bank has collaborated with SaltinGTein to introduce the Winbundle Airtime2Win feature on its digital platform, allowing customers to participate in a raffle when purchasing airtime. Through Winbundle Airtime2Win, customers purchasing airtime via *901# will receive 70 per cent of the airtime value, while the remaining 30 per cent […]
GTCO: CBN Responds to attempts to misinform the banking public and reasserts its role as Apex banking authority
In a strong support for GTCO and move to debunk false allegations being levelled against the GTCO and its Executive Management by faceless and unqualified entities using the media, the Central Bank of Nigeria (CBN), issued a Press Release today reassuring the public that their deposits with Nigerian Banks are […]
Access Bank’s Contributions in Africa’s Transition to a Low Carbon Economy
Africa is facing a growing challenge of managing its waste and natural resources in a sustainable way. The current traditional linear economic model, characterized by a “take, make, dispose” pattern that is extracting, consuming, and disposing of materials, is inefficient, wasteful, and harmful to the environment and human health. According […]
Access Holdings Reports N2.2trn Gross Revenue In Half Year 2024
Access Holdings has released its interim consolidated and separate financial report for the half year ended June 30, 2024. The report showed that the bank grew its gross revenue by 133.5 per cent in six months to N2.2trn from N940bn during the comparable period of last year. […]
Jaiz Bank Wins 2024 Global Most Promising Islamic Bank Award
By Prosper Ndubuisi Jaiz Bank, Nigeria’s non-interest bank, has emerged the global most promising Islamic bank in 2024. The Global Islamic Finance Awards (GIFA) yesterday announced Jaiz Bank the overall winner in this category over two other nominees of equal pedigrees, during the Global Islamic Finance Summit (GIFS) […]