News

The Nigeria Inter-Bank Settlement System (NIBSS) has reported a staggering 219.6 million active bank accounts in Nigeria as of March 2024. Comparing this data to earlier releases by NIBSS, it's...

Microsoft founder Bill Gates has revealed his collaboration with the Federal Government to develop a 'one-identity' technological platform to integrate diverse data sets. During a meeting with President Bola Tinubu...

Recent dividend declarations by major Nigerian banks underscore a nuanced relationship between shareholder returns and the Central Bank of Nigeria's (CBN) capitalization directives. Despite the CBN's push for substantial capital...

Pop musician Davido disclosed his earnings during his most recent sold-out show at Madison Square Garden, which has a capacity of 19,000 people in New York, USA. He estimated that...

The reorganisation of Zenith Bank Plc into a holding company was authorised by all of the bank's shareholders at a virtually convened Extraordinary General Meeting (EGM) on Friday, April 26,...

The statutory contribution made by nine banks to the Asset Management Corporation of Nigeria increased by 25.81 per cent to N306.06bn in 2023 from N243.28bn in the previous year. This...

Standard Chartered Bank has announced the appointment of Dalu Ajene is the Chief Executive Officer of the bank’s operations in Nigeria. Ajene takes over from Lamin Manjang, the Vice Chairman...

There was no respite for equity market investors in the past week, as they saw a N785bn reduction in their net value. This marked the fourth consecutive week of negative...

The naira has demonstrated signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend. The new rate represents a 9.8 per cent increase...

A sell-off in the shares of certain highly capitalised businesses last week resulted in N784 billion in losses for investors on the stock market. Despite indications of recovery in certain...