Banking, Finance & Investment

The Federal High Court in Lagos has indefinitely adjourned the case involving an alleged $225.8 million debt owed to First Bank of Nigeria Ltd and FBNQuest Trustees Ltd by General …

The yields on Nigerian Eurobonds experienced an uptick last week as foreign investors adjusted their portfolios in response to the U.S. Federal Reserve’s decision to maintain its current interest rates. …

Nigerian Deposit Money Banks (DMBs) have borrowed over N9 trillion from the Central Bank of Nigeria (CBN) to maintain their operations amid a significant liquidity crunch in the financial system. …

First Bank of Nigeria Limited has inaugurated its fifth fully automated branch, the FirstBank Digital Xperience Centre, located on Admiralty Way in Lekki, Lagos State. This initiative is part of …

The Central Bank of Nigeria (CBN) has declined the nomination of Dr. Adewale Bolorunduro, a former Commissioner for Finance in Osun State, as a Director of the state-owned Living Trust …

In a landmark development for Ethiopia’s financial sector, the Ethiopian Capital Market Authority (ECMA) has granted licenses to five new capital market service providers, including the country’s inaugural investment banks. …

Baobab Microfinance Bank has reaffirmed its commitment to empowering small and medium-sized enterprises (SMEs) and micro-entrepreneurs across Nigeria by disbursing loans worth over N323bn to more than 407,000 customers. This …

First City Monument Bank (FCMB) has broadened its reach by inaugurating a new branch in Ogbomosho, Oyo State, aiming to enhance financial inclusion and stimulate economic growth in the region. …

In a major show of investor confidence, First Bank Holdings Plc (First HoldCo) has announced a 25% oversubscription in its recently concluded rights issue, underscoring strong market appetite for its …

Union Bank has announced the commencement of the fourth edition of its ‘Save and Win Palli’ promo, a nationwide campaign designed to reward both new and existing customers with cash …