Banking & Finance

Fidelity Bank takes the lead in sustainability reporting, publishes 2023 ISSB-compliant report

Fidelity Bank takes the lead in sustainability reporting, publishes 2023 ISSB-compliant report

Key Points First Nigerian bank to publish a report following the International Sustainability Standards Board (ISSB) standards. The report details… Read More

1 year ago

Proshare’s 2024 Rankings: Access Holdings Leads the Pack of Top Tier-1 Banks

Key Points Top Performers: Access Holdings, Zenith Bank, FBN Holdings, Ecobank, UBA, and GTCO have been named leading Tier-1 banks… Read More

1 year ago

Banking stocks propel market rebound as benchmark index climbs

The Nigerian equity market continued its upward momentum from the previous session, with the benchmark index rising by 0.23 per… Read More

1 year ago

CSCS discontinues payments to investors with Heritage Bank accounts

Key Points Direct cash settlement services discontinued for accounts of Heritage Bank investors. Investors must complete KYC with new account… Read More

1 year ago

Recapitalisation: Access Holdings N351 billion rights issue to open July 8

Key Points Fundraising Initiative: Access Holdings Plc aims to raise N351 billion through a rights issue to recapitalise and support… Read More

1 year ago

CPPE commends CBN for ending redundant price verification system

Key Points CBN discontinued the price verification system portal Expert underscored the importance of collaboration between CBN and the private… Read More

1 year ago

Economic Red Flags: Nigeria’s Debt Repayment Exceeds Recurrent and Capital Expenditures

Key Points Nigeria's recurrent spending has significantly increased, creating an infrastructure gap. Debt repayment currently exceeds both recurrent and capital… Read More

1 year ago

NGX Unveils E-Offering Platform Ahead of Bank Recapitalisation

In light of the forthcoming bank recapitalisation in Nigeria, the Nigerian Exchange Group (NGX) has embarked on a proactive initiative… Read More

1 year ago

CBN allows IMTOs to sell FX on Nigeria’s official market

Key Points The Central Bank of Nigeria (CBN) allows eligible International Money Transfer Operators (IMTOs) to sell foreign exchange (FX)… Read More

1 year ago

India fines Binance $2.25 million amid ongoing legal battle in Nigeria

India’s Financial Intelligence Unit (FIU) has imposed a hefty fine of $2.25 million on the world's largest cryptocurrency body, Binance,… Read More

1 year ago