The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has concluded his participation in the high-level Bretton Woods at 80 Forum, where he represented Africa’s interests on the global financial stage.   The forum, organised by the International Monetary Fund (IMF) and World Bank Group (WBG), brought together a select group of […]

For Nigeria to achieve the $1trillion Gross Domestic Product (GDP) by 2026, the Nigeria Deposit Insurance Corporation (NDIC), among other stakeholders, have emphasized on the need for banks and Fintech companies to collaborate and drive the  real sector growth. Delivering a keynote address at the 2024 annual conference of the Finance Correspondents Association of Nigeria […]

  The Bank of Industry (BoI) has said Nigeria must boost its production capacity towards attaining a one trillion-dollar economy by 2026.       The divisional head, Services, Bank of Industry, Dr. Isa Omagu made this known at the annual workshop of Finance Correspondents Association of Nigeria (FICAN) held at the weekend in Lagos […]

  Growing investor confidence and strong market participation have continue to boost optimism about Fidelity Bank’s stock as the bank experienced a remarkable 20% surge on the Nigerian stock market, with its share price surpassing the N13 mark by the third week of September. This upward trend follows the bank’s combined offer, which included a […]

Nigeria’s leading financial services group, United Capital Group, acted as the Lead Issuing House and Coordinator for the successful issuance of the FGN Domestic Dollar Bond, Nigeria’s first ever domestic US dollar-denominated bond. The transaction generated unprecedented domestic demand, raising over US$900 million, to achieve over 180% subscription levels, emphasizing United Capital’s placing power in […]

Guaranty Trust Holding Company Plc (GTCO), has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2024, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦1.004trilion, becoming the first Nigerian financial institution to cross the ₦1trillion mark in profit. This […]

    NASD PLC has embarked on implementation of a number of key initiatives to strengthen its operations, diversify revenue sources, boost profitability and deliver value to shareholders. The premier OTC Exchange in Nigeria has traded N50bn by week 36 this year as against N37. 57bn traded in the entire period of 2023. Its Enterprise […]

 Unity Bank Plc has projected gross earnings of N27 billion and a Profit After Tax of N4 billion in Q4, 2024, in its latest earnings forecast released to the Nigerian Exchange Group. Although the projected gross earnings represent a marginal increase from the N26 billion projected for Q3 2024, the lender continues to maintain a […]