Banking

Recapitalisation: FBN Holdings offers N150bn rights issue

FBN Holdings Plc has opened its rights issue, offering 5.983 billion ordinary shares at 50k each, priced at N25 per…

2 years ago

First Bank: We’re not shutting down operations for system migration

First Bank has assured customers that its scheduled transition to a new cloud-based procurement and financial platform will not affect…

2 years ago

CBN: No deadline on old naira notes

The Central Bank of Nigeria (CBN) says it has not fixed any deadline for the circulation of the old N200,…

2 years ago

UBA records N2.3trn earnings, N603bn profit in Q3 2024

United Bank for Africa (UBA) Plc has announced N603.48 billion increase in its profit before tax in the third quarter…

2 years ago

FBN Holdings appoints Adebowale Oyedeji as GMD

FBN Holdings Plc has appointed Adebowale Oyedeji as its Group Managing Director (GMD), effective November 13, 2024. The Company Secretary…

2 years ago

CBN ex-deputy gov: Emefiele didn’t have Buhari’s approval for naira redesign

Edward Adamu, the fourth prosecution witness in the trial of the former Central Bank of Nigeria Governor, Godwin Emefiele, says…

2 years ago

Access Bank secures provisional licence in Namibia

Access Bank Plc has obtained a provisional licence from the Bank of Namibia to establish a commercial bank in Namibia.…

2 years ago

CBN sells $543m to banks in September

The Central Bank of Nigeria (CBN) says it sold $543.5 million to authorised dealer banks between September 6 and September…

2 years ago

World Bank approves $500m loan for power, irrigation projects in Nigeria

The World Bank has approved a $500 million loan to support the Sustainable Power and Irrigation for Nigeria (SPIN) project…

2 years ago

CBN unveils electronic forex matching system to curb speculation

The Central Bank of Nigeria (CBN) has announced the introduction of an Electronic Foreign Exchange Matching System (EFEMS) for foreign…

2 years ago

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