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 […]
Category: Money Market
Money Market
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) […]
Stanbic IBTC Bank splashes N28m on customers in 3.0 grand finale
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 […]
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 […]