Business/Economy

Access Bank UK to Acquire Majority Stake in AfrAsia Bank to Bolster Regional Expansion   CHIGOZIE AMADI Access Holdings Plc has announced that its UK-based banking subsidiary, Access Bank UK Limited, has signed a binding agreement to...

FBN Holdings Shareholders Approve N14.4bn Dividend Payout, Okay Oyedeji as New GMD   CHIGOZIE AMADI The shareholders of FBN Holdings yesterday unanimously approved a total of N14.4 billion as dividend for the financial year ended Dec. 31,...

*Says 27.25% MPR implies borrowing cost will rise to 40% CHIGOZIE AMADI Chairman of Equipment Leasing Association of Nigeria (ELAN), Mrs. Elizabeth Ehigiamusoe, says the Nigerian economy has been walking on its knees, as the consequences...

IMF: Children Born in Nigeria, Other Resource-rich African Nations 25% More Likely to Live in Poverty   CHIGOZIE AMADI A child born in a resource-rich country (RIC) like Nigeria and other sub-Saharan African countries today is expected...

UBA Begins N239.4bn Capital Raise via Rights Issue, Paves Way for Strategic Expansion CHIGOZIE AMADI United Bank for Africa (UBA) Plc. has initiated its N239.4 billion capital raise through a rights issue, aimed at reinforcing its...

*Okays $2.2bn new borrowing plan, N250bn real estate investment fund *Crude oil price pegged at $75 per barrel, exchange rate N1,400 to dollar, and oil production of 2.06million barrels per day CHIGOZIE AMADI The Federal Executive Council...

.Names Henrietta Ugboh as Independent Non-Executive Director CHIGOZIE AMADI Africa’s Global Bank, United Bank for Africa (UBA) Plc, has collaborated with Mastercard to launch a commemorative debit card in celebration of UBA’s 75th anniversary. This collaboration aims...

Financial inclusion catalyst for economic growth – FG CHIGOZIE AMADI The Federal Government has reiterated its commitment to financial inclusion as a key driver of economic growth. Vice President Kashim Shettima gave the assurance at the 2024...

Makinde presents N678bn budget for 2025 to Oyo Assembly CHIGOZIE AMADI Gov.Seyi Makinde of Oyo State  on Wednesday, presented a budget of N678.06 billion for the 2025 fiscal year to the state House of Assembly for...

Ecobank Nigeria bags Deutsche Bank’s client excellence award   CHIGOZIE AMADI Deutsche Bank AG has honored Ecobank Nigeria with the Client Excellence Award for outstanding performance in institutional cash management for the previous year. During the award presentation...