Public debt stock may hit N130tn by Dec – Report
Public debt stock may hit N130tn by Dec – Report
CHIGOZIE AMADI
Nigeria’s public debt stock is projected to hit N130tn this year, raising concerns about the country’s debt-to-gross domestic product ratio.
This was revealed in a...
Recapitalisation: Banks Require N4.1tn to bridge funding gaps, Says Afrinvest Report
•Says banking sector alone can’t achieve $1tn economy
•Cardoso: capital injection not an ambush on industry, policy inclusive, well-thought out
CHIGOZIE AMADI
The banking industry in Nigeria would need N4.1 trillion (about $3 billion) to meet the...
Otedola Backs Windfall Tax, Carpets Banks over $500m Expenditure on Private Jets
•Says extravagant lifestyle erodes public trust in financial institutions, diverts crucial resources from priority sectors, others
•Insists core banking values must be upheld
•Declares recapitalisation will improve operational efficiency, technological innovation, customer service
CHIGOZIE AMADI
The Chairman, FBN...
Sheriff’s Absence Stalls Hearing in AMCON’s Motion against Seizure of Arik Aircrafts, Properties
Sheriff’s Absence Stalls Hearing in AMCON’s Motion against Seizure of Arik Aircrafts, Properties
CHIGOZIE AMADI
Hearing in a suit by the Asset Management Corporation of Nigeria (AMCON) against the order for seizure of Arik Air properties,...
FBN Holdings Grows Profit by 101% to N411.99 Billion in First Half 2024
FBN Holdings Grows Profit by 101% to N411.99 Billion in First Half 2024
CHIGOZIE AMADI
FBN Holdings Plc yesterday announced N411.99 billion profit before tax (PBT) in its unaudited half year (H1) accounts for the period...
Windfall Levy: Bankers Meet Tinubu, Seek Clarifications
•We want prosperity democratised, support govt on levy, says Elumelu
•Balogun: we’re confident of government’s support for economic growth
CHIGOZIE AMADI
Nigeria’s banking sector representatives yesterday, met formally with President Bola Tinubu at the State House, Abuja,...
External Reserves Up $4.35bn in 3 Months, Hit 16-month High of $36.5bn
External Reserves Up $4.35bn in 3 Months, Hit 16-month High of $36.5bn
CHIGOZIE AMADI
Nigeria’s external reserves witnessed substantial increase of $4.35 billion over the past three months to reached a 16-month high of $36.5 billion...
Winners Emerge from the Stanbic IBTC Savings Promo
Winners Emerge from the Stanbic IBTC Savings Promo
CHIGOZIE AMADI
Winners have emerged in another round of Stanbic IBTC Reward4Saving 3.0 promo draws as 70 customers have been rewarded with cash prizes of N100,000 each.
The bank in a statement noted...
Food Security: Sokoto Govt Distributes Fertilizer to Farmers
Food Security: Sokoto Govt Distributes Fertilizer to Farmers
CHIGOZIE AMADI
To enhance food security, Sokoto State governor Ahmed Aliyu, has distributed free fertilizer to farmers in the state
Aliyu, while speaking during the flag off the distribution...
FCMB Group Set to Raise N110.9bn from Capital Market
FCMB Group Set to Raise N110.9bn from Capital Market
CHIGOZIE AMADI
FCMB Group Plc, yesterday launched its public offer seeking to raise N110.9 billion additional capital through the issuance of 15.197 billion shares at N7.30 per...
