Stanbic IBTC Bank has honoured 84 of its customers with N28m in the just concluded Reward4Savings Promo 3.0. This prestigious event took place at the iconic Stanbic IBTC Towers on Walter Carrington Crescent, Victoria Island, Lagos; marking the end of a nationwide initiative to promote a strong savings culture […]
Category: Money Market
Money Market
Nigeria’s GDP to record improved growth by 2026 – Wale Edun
Mr Wale Edu, the Minister of Finance and Coordinating Minister of the Economy, has expressed optimism that Nigeria’s Gross Domestic Product (GDP) will record an improved performance by 2026. Edun said this at the Access Bank Annual Corporate Forum 2024 on Thursday in Lagos with the theme, ‘Nigeria’s Economic rebirth: […]
Bank of England Holds Interest Rates At 5%
By Prosper Ndubuisi The Bank of England (BoE) has opted to maintain interest rates at 5 per cent in its latest monetary policy review. The decision by the Monetary Policy Committee (MPC) was reached with a majority of 8-1, with one member advocating for a reduction to 4.75 per […]
FBN Holdings Plc Reschedules 12th Annual General Meeting
FBN Holdings Plc has announced the postponement of its 12th Annual General Meeting (AGM), initially scheduled to be held virtually on August 22, 2024. The meeting has now been rescheduled for Tuesday, September 3, 2024. This change was disclosed in a notice sent by the company to the Nigerian […]
United Capital Launches New Subsidiary, UCEE Microfinance Bank …..Appoints Esther Adeola-Balogun As Managing Director/CEO
United Capital Group, a Pan-African investment management and financial services group has announced the official launch of its newest subsidiary, UCEE Microfinance Bank, at a ceremony held at the Bank House in Marina, Lagos. The event was attended by the Chairman of Heirs Holdings Group, Tony O. Elumelu, alongside other […]
NIBSS celebrates milestones, promises inclusive payment system
The Nigeria Inter-Bank Settlement System Plc (NIBSS) at its 30th Annual General Meeting (AGM) promised to leverage emerging technologies and deepen partnerships to ensure seamless and inclusive payment for all Nigerians. The AGM marked a significant milestone in the history of NIBSS, as it celebrated three decades of advancing Nigeria’s […]
FBN Holdings Engages Solicitors To Defend Against Barbican Capital Suit
FBN Holdings Plc has disclosed that it has engaged its solicitors to defend the interest of the company against the lawsuit filed against it by Barbican Capital Limited. This was contained in a statement by the company. The HoldCO acknowledges the recent media coverage concerning the lawsuit filed […]
Zenith Bank’s N290 Billion offer to strengthen international presence
The Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Dr Adaora Umeoji, has urged the investing public to invest in its ongoing N290 billion hybrid offer for global growth. Umeoji said this at the bank’s Facts Behind the Offer at the Nigerian Exchange Limited (NGX) on Monday in Lagos. […]
Fidelity Bank Extends Public Offer and Rights Issue to August 12, Increases Offering Size by N78.35 billion
Fidelity Bank Plc has announced an extension of its public offer and rights issue until August 12, 2024. Originally set to conclude on July 29, 2024, this extension has been approved by the Securities and Exchange Commission (SEC) and will see an increase in the total offer size from N127.1 […]
Financial experts want Tinubu withhold assent to 70% forex windfall levy
Some financial experts have urged the Federal Government to reconsider the imposition of a 70% foreign exchange (forex) windfall levy on banks. They urged President Bola Tinubu to withhold assent to the Finance Act (Amendment) Bill 2024 as passed by the National Assembly, which increased the windfall levy on banks’ […]