First Asset Management, a subsidiary of FirstHoldCo Plc, has recorded a significant milestone with the upgrade of its corporate rating to ‘AA’ from ‘AA-’ by independent rating agency DataPro, reflecting the firm’s strong fundamentals and sustained resilience within Nigeria’s asset management industry. The rating upgrade, disclosed in DataPro’s latest report, […]
FINANCE
In a significant move to protect the integrity of national policy and maintain public order, the Federal Ministry of Solid Minerals Development has formally stepped forward to debunk claims recently circulated by the Northern Elders Forum (NEF). The controversy stems from allegations made by the forum suggesting that the President […]
The World Bank upgraded its prediction for Nigeria’s economic growth to 4.4% for 2026 and 2027, saying on Tuesday, that the country’s economy is expected to develop at its quickest rate in over ten years. This was revealed in the World Bank’s most recent Global Economic Prospects report. The most […]
Nigeria’s banking sector is entering a decisive phase as the March 31, 2026 recapitalisation deadline set by the Central Bank of Nigeria (CBN) edges closer. With less than three months to go, a group of lenders is still under pressure to raise fresh capital, restructure, or pursue alternative options to […]
Ben Enamudu, the chairman of the Chartered Institute of Taxation of Nigeria, Abuja District, has refuted claims that Nigeria’s new tax system taxes bank balances, stating that the reforms are intended to protect low-income earners and that only specific electronic transfers are subject to a ₦50 stamp duty. […]
The Budget Office of the Federation (BOF) has reiterated that Nigeria’s new Tax Reform Acts are legitimate and properly enacted, warning that speculation and unverified claims threaten both public trust and democratic governance. The statement responds to concerns raised by the Minority Caucus in the House of Representatives, which suggested […]
PalmPay has announced the launch of a ₦400 million festive rewards campaign aimed at rewarding users for carrying out everyday transactions on its digital banking platform. The promotion will run from December 17, 2025, to January 8, 2026, and forms part of PalmPay’s Purple December campaign, which highlights […]
L- R: Partner & Head of Communications, Veritasi Homes & Properties Plc, Tobi Yusuff; Head of Capital Markets, FirstCap Limited, Oluseun Olatidoye; Managing Director, FirstCap Limited, Ukandu E. Ukandu; Chief Executive Officer, Veritasi Homes & Properties Plc, Adetola Nola; Chief Executive Officer, Pathway Advisors Limited, Alade Adekunle; and Company Secretary, […]
FBNQuest Merchant Bank has officially entered a new phase as the institution completes its ownership change, moving from First HoldCo Plc to EverQuest Acquisition LLP, a consortium led by Custodian Investment Plc. The confirmation marks a significant shift for the bank and sets the tone for its next stage of […]
FBNQuest Merchant Bank Limited has taken another bold step in its mission to raise a financially enlightened generation, as the institution brought its financial literacy outreach to Kings’ College Lagos on November 19, 2025. The session, organised in honour of World Savings Day, was designed to help students understand the […]