Access Bank PLC, Africa’s leading financial institution, today, announced a distinguished line-up of speakers for the maiden edition of its highly anticipated Africa Trade Conference 2025, set to hold on Wednesday, March 12, 2025, at the Cape Town International Convention Centre (CTICC), South Africa. Under the theme “Empowering Africa: Driving […]
Category: Money Market
Money Market
Lagos Approves FirstBank’s 40-Storey Headquarters At Eko Atlantic City
The Lagos State Government has officially granted approval to FirstBank Group for the construction of its state-of-the-art, eco-friendly headquarters in Eko Atlantic City. Governor Babajide Sanwo-Olu presented the certificate of approval during a groundbreaking ceremony held on Wednesday, marking the commencement of what will be Nigeria’s tallest building. […]
DMO Reappoints Stanbic IBTC Stockbrokers Official Federal Government Stockbroker
The Debt Management Office (DMO) of Nigeria has reappointed Stanbic IBTC Stockbrokers, a subsidiary of Stanbic IBTC Holdings Plc as the Government Stockbroker to the Federal Government of Nigeria. The company in a statement said the reappointment underscores the firm’s unwavering commitment to excellence; consistency in delivering […]
ICAN, Union Bank Partner On Nigeria’s Accounting, Financial Sector
The Institute of Chartered Accountants of Nigeria (ICAN) and Union Bank of Nigeria have reinforced their commitment to the advancement of Nigeria’s accounting profession and overall financial sector growth through a strategic partnership. This was marked by a courtesy visit by ICAN officials to Union Bank’s head office at […]
Stanbic IBTC Blames 2024 Accounts Delay On CBN Approval
Stanbic IBTC Holdings Plc has announced a delay in the release of its 2024 full-year audited financial statements, attributing the postponement to ongoing regulatory approval processes with the Central Bank of Nigeria (CBN). In an official notice addressed to the Nigerian Exchange Limited (NGX) and stakeholders, the […]
Unity Bank Grows Deposits By 23% In FY’2023
Unity Bank Plc posted gross earnings of N59.3bn for the full year ended December 31, 2023, representing a growth of 3.84 per cent year-on-year. In its audited financials submitted to the NGX Group Limited, the Bank also witnessed improvements across key performance indicators, including a significant appreciation of […]
CBN’s Decision To Hold Rates Is Risky Amid External Shocks, Excessive Public Spending – Adonri
The Managing Director of Highcap Securities Limited, Mr. David Adonri, has expressed concerns over the decision of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) to maintain all monetary rates, including the Monetary Policy Rate (MPR) at 27.5%. Adonri described the move as risky, citing potential external shocks […]
CBN Retains Benchmark Lending Rate At 27.50%
The Central Bank of Nigeria (CBN) has retained the country’s Monetary Policy Rate (MPR) at 27.50 per cent citing improvement in economic indices. The apex bank’s governor, Olayemi Cardoso announced the decision on Thursday at the 299th Monetary Policy Committee Meeting (MPC). The decision comes after […]
VFD Group Commits N5bn Into V Bank To Drive Digital Banking Growth
VFD Group Plc has injected N5bn to its subsidiary, VFD Microfinance Bank’s (V Bank) Expansion and Financial Inclusion, a move aimed at accelerating the bank’s growth and strengthening its position as a leading player in Nigeria’s digital banking space. In a written resolution sent to the Nigerian Exchange […]
Access Bank Restates Commitment to Community, Sustainability at 10th Access Bank Lagos City Marathon
Access Bank Plc has celebrated the 10th anniversary of the Access Bank Lagos City Marathon last Saturday, highlighting the platform’s ability to foster unity, promote healthy lifestyles, and showcasing African excellence on the global stage. Since its inception in 2016, the marathon has evolved into a premier event, attracting […]