For business and economic news from around the world
The Monetary Policy Committee (MPC) of the CBN increased Monetary Policy Rate (MPR) from 14 per cent to 15.5 per cent on Tuesday to tame inflation.
CBN’s MPC hikes Monetary Policy Rate to 15.5%, resolves to restore price stability Read More
In partnership with FirstBank – Nigeria’s premier and leading financial inclusion services provider – Verve International, Africa’s leading payment technology and card business, has launched its third National Consumer promo designed to reward users of FirstBank verve card with exciting gifts and cash prizes to appreciate their patronage and use of the card to carry-out their electronic banking transactions.
FirstBank partners Verve International, makes customers millionaires in the FirstBank Verve card promo Read More
Heritage Bank Plc has affirmed that adequate agricultural financing is critical in defining Nigeria’s trade competitiveness, which guarantees sustainable agricultural systems, generates foreign exchange – a critical aspect that equips the financial sector to respond to changing market requirements and address critical sector needs for global competitiveness.
Heritage Bank, others canvass adequate Agric Financing for finance services repositioning Read More
The Central Bank of Nigeria (CBN) has declared its readiness to give more support to members of the Ogun Famers and Commodity Association in its Anchor Borrowers Programme.
Anchor Borrowers Programme: CBN to give more support to Ogun commodity farmers Read More First Bank of Nigeria Limited has announced that it will host the Financial Markets Dealers Association’s (FMDA) quarterly meeting scheduled for 5pm on Friday, 16 September 2022, at Federal Palace Hotels, Victoria Island, Lagos. The event themed “Nigeria Macroeconomic Developments and Outlook: IMF View” will have its keynote address delivered by Ari Aisen, IMF Resident Representative for Nigeria.
FirstBank hosts the Financial Market Dealers Association quarterly meeting Read More
WorldStage Newsonline– United Bank for Africa Plc (UBA), Africa’s leading bank has released its interim consolidated and separate financial statements for the period ended 30 June 2022 with 16.1% rise in group profit after tax toN70.334 billion from N60.581 billion in H1 2021.
UBA grows profit by 16.1% to N70.334b in H1 2022 Read More
A Fast-growing Nigerian fintech startup, NowNow Digital Systems, said it had raised 13 million dollars in its seed round to improve financial inclusion across Africa.
Nigerian fintech startup raises $13m seed funding to promote financial inclusion across Africa Read More
WorldStage Newsonline– Fidelity Bank Plc has entered into a binding agreement for the acquisition of 100% equity stake in Union Bank UK Plc.
Fidelity Bank proposes 100% acquisition of Union Bank UK Read More
WorldStage Newsonline– Access Corporation has completed the acquisition of a majority equity stake in First Guarantee Pension Ltd. (FGPL).
Access Corporation completes acquisition of First Guarantee Pension Read More
Sky Capital and Financial Allied Limited, the financial services subsidiary of SIFAX Group, has appointed a new Managing Director and three non-executive directors for one of its subsidiaries, Skye Bank, Sierra Leone.
Sky Capital appoints MD, non-EDs for Skye Bank Sierra Leone Read More