Union Bank of Nigeria has successfully completed the full redemption of its Series 2 bond, paying both principal and coupon totalling N6.31 billion on September 3, 2025. The repayment marks …
Banking
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BankingCapital MarketCorporate GovernanceDebt Management,FinanceINVESTMENT
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BankingEntertainmentEventsLagos NewsPartnershipsSportsSustainability
FirstBank Partners E1 Lagos GP, Nigeria’s First All-Electric Powerboat Racing Championship
First Bank of Nigeria Limited has announced its partnership with the E1 Lagos GP, the country’s first-ever all-electric powerboat racing championship scheduled to hold in October 2025. The bank, in …
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BankingCapital MarketCorporate EarningsEconomyFinanceINVESTMENTNigeria
Stanbic IBTC Half-Year Profit Jumps to N173.4bn on Strong Interest and Fee Income
Stanbic IBTC Holdings Plc has reported a profit after tax of N173.4 billion for the half year ended June 30, 2025, showing a 49 per cent rise compared with the …
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BankingEconomyFinanceGovernanceMonetary PolicySMEs
CPPE Urges CBN to Ease Monetary Policies to Support SMEs
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to adopt a more balanced policy direction that will make credit more affordable …
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BankingBusinessEconomyFinanceGovernanceWestern Africa
Bank of Ghana Cuts Policy Rate to 21.5% as Inflation Pressures Ease
The Monetary Policy Committee (MPC) of the Bank of Ghana has announced a major cut in the benchmark policy rate, slashing it by 350 basis points (3.5 per cent) from …
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BankingBusinessCapital MarketCorporate EarningsEconomyFinance
UBA Half-Year Profit Rises to N335bn Despite Drop in Pre-Tax Earnings
United Bank for Africa Plc (UBA) has announced its financial performance for the first half of 2025, showing a profit after tax of N335.53bn. This represents a 6.06 per cent …
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BankingBusinessEconomyEntertainmentYouth Empowerment
First Bank Partners Hit FM for Calabar Entertainment Conference 2025
First Bank of Nigeria Limited has been unveiled as the official banking partner for the 2025 edition of the Calabar Entertainment Conference (CEC), an annual gathering of stakeholders in Nigeria’s …
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BankingBusinessEconomyFinanceINVESTMENTStock Market
Nigerian Stock Market Loses N71bn as NGX Records Decline in Bellwether Stocks
The Nigerian Exchange (NGX) closed Tuesday’s trading session on a negative note, as the equities market lost about N71 billion in market capitalisation, driven largely by sell-offs in key bellwether …
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BankingEastern AfricaEconomyInfrastructureInternational RelationsKenyaNigeriaTrade
UBA Commits $150m to Kenya’s Roads Levy Programme
United Bank for Africa Plc (UBA) has announced a $150 million (KES 20.5 billion) commitment to Kenya’s Roads Levy Securitisation Programme, a $1.35 billion initiative designed by the Kenya Roads …
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BankingBusinessCapital MarketEconomyFinanceNigeria
Report Highlights FCMB’s Recapitalisation Strategy as Model for Nigerian Banks
A new report by geopolitical and economic research firm, SBM Intelligence, has praised the recapitalisation strategy of FCMB Group as one of the most effective approaches among Nigeria’s Tier-2 banks. …