Business

Guaranty Trust Holding Company Plc Gives Notice of Late Annual Report Issuance

Guaranty Trust Holding Company (GTCO) Plc has said that its Audited Financial Statements (AFS) for the year ended 31 December 2023, will not be published within the first quarter in line with statutory requirements. In an advertorial published in some...

Shareholders Bemoan Foreign Acquisition of Indigenous Insurance Firms

The Independent Shareholders Association of Nigeria (ISAN) has described as pathetic the acquisition of local insurance firms by foreign conglomerates under the aegis of Foreign Direct Investment (FDI), saying it portends bad omen for sustainable growth of the Nigerian...

Unity Bank Holds Financial Literacy Training For Students

Unity Bank Plc has facilitated financial literacy training in thirty-one schools across Nigeria as part of the lender’s activities marking Global Money Week, 2023. The Managing Director/Chief Executive Officer of Unity Bank Plc, Mrs. Tomi Somefun took part in...

Foreign Airlines’ $743m Blocked Funds Deplete Nigeria’s DFIs

As funds estimated at $743 million belonging to foreign airlines remain blocked in Nigeria, stakeholders are worried that the situation, which is already affecting the flow of Foreign Direct Investments (FDI) into the country, may have far reaching consequences...

Financial Inclusion: More MSMEs Embrace Cashless Ecosystem

A large number of micro, small and medium enterprises (MSMEs) have migrated to the cashless ecosystem amid scarcity of Naira notes. The development has accentuated the 95 percent Financial Inclusion target of the Governor of Central Bank of Nigeria,...

Access Bank Gets Approval To Acquire Atlas Mara Of Zambia

March 24, (THEWILL) - The Central Bank of Zambia has approved Access Bank’s proposed acquisition and merger of African Banking Corporation Zambia Ltd (Atlas Mara Zambia). Access Holding, in a notice to the Nigerian Exchange Group on Friday, said its...

CBN Raises Benchmark Interest Rate to 18%

March 21, (THEWILL) - The Central Bank of Nigeria on Tuesday raised its benchmark lending rate to 18 per cent in an aggressive push to contain the nation’s inflationary pressure. In January, the CBN Monetary Policy Committee (MPC) raised its...

Seplat Women’s Group Throws Weight Behind Roger Brown

Against the backdrop of the ongoing sponsored smear campaign against Roger Brown, the Chief Executive Officer (CEO) of Seplat Energy Plc, a group known as Seplat Women's Awesome Network (SWAN) has declared their support for Roger Brown, the CEO...

Unity Bank Appoints Acting Chairman, Non-executive Director

Unity Bank has announced that the chairman of its board of directors, Aminu Babangida, will be retiring from the organisation with effect from 18 March. Oluwafunsho Obasanjo, a non-executive director at the lender, will also exit by way of retirement...

FCMB Group Announces Issuance of Series I Bond

FCMB Group Plc has successfully completed the issuance of a N20,686,000,000 Perpetual 16% Fixed Rate Resettable NC5.25 Additional Tier I Capital Subordinated Bonds (“the Series I Bond” or “the AT1” or “the Instrument”) under its N300,000,000,000 Debt Issuance Programme. The...