The Nigerian Exchange (NGX) opened the week on a bearish note, losing ₦121 billion in market capitalization on Monday as investors reacted to the Central Bank of Nigeria’s (CBN) new forbearance directive targeting the banking sector. The All-Share Index (ASI) fell by 191.30 points, representing a 0.17% decline, to close […]
BANKING
In an effort to counter the dominance of well-known international companies and offer evaluations that more correctly reflect the continent’s economic reality, a new African-led credit rating agency is scheduled to launch by the end of September, Bloomberg said on Monday. By the end of 2025 or the beginning […]
First Asset Management Limited, a subsidiary of First HoldCo Plc, has been awarded the prestigious title of Fund Manager of the Year 2024 at the inaugural Capital Market Choice Awards hosted by Nairametrics Financial Advocate Limited. The recognition highlights the firm’s exceptional commitment to excellence, innovation, and long-term wealth creation. […]
Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, has been ranked among Nigeria’s top 10 most valuable brands, according to the 2025 Brand Finance Nigeria 25 report. The financial services giant recorded a 206% year-on-year increase in brand value—one of the highest growth rates in the sector—moving […]
At the recently concluded 2025 Development Bank of Nigeria (DBN) Service Ambassador Awards held in Lagos, leading financial institutions were celebrated for their role in boosting small business growth across the country—with United Bank for Africa (UBA) Plc emerging as the biggest winner of the night. UBA clinched four key […]
In Nigeria’s volatile financial climate, access to quick and flexible funding is critical for the survival and growth of small and medium-sized enterprises (SMEs). First Bank of Nigeria Limited has responded with its redesigned Retail Temporary Overdraft (RTOD) facility, providing vital short-term cash flow support to entrepreneurs across the country. […]
The Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), has officially launched the Non-Resident Bank Verification Number (NRBVN) platform in Abuja, marking a significant step forward in the country’s efforts to boost financial inclusion for Nigerians living abroad. The new digital platform allows Nigerians […]
A growing number of bank customers in Abuja are switching from SMS to email transaction alerts in response to increasing service charges by Nigerian banks. This move comes amid public outcry over what many consider exploitative banking practices, especially following the announcement by GTCO that its SMS alert charges would […]
First Asset Management Limited, an industry leader in Nigeria’s investment management sector and a key subsidiary of First HoldCo Plc., has crossed an impressive threshold, surpassing ₦1 trillion in Assets Under Management (AUM). This significant achievement reflects the firm’s steadfast dedication to delivering exceptional service and high-quality investment outcomes, while […]
L-R: Head, Private Trust, FBNQuest Trustees, Rotimi Obende; Group Head, Wealth Management and Investment Advisory, FirstBank Nigeria – Private Banking, Dike Nze-Dike,; Head, Marketing and Business Development, FBNQuest Trustees, Abimbola Ajinibi; Acting Managing Director, FBNQuest Trustees, Babajide Fetuga; Private Trust Specialist, FBNQuest Trustees, Mutiat Olatunji and Head, Trust Investment and Strategy, […]