Abbey Mortgage Bank set to rebrand to commercial lender after 30 years
By Joseph Olaoluwa After three decades of operation as Abbey Mortgage Bank, the financial institution is on course to change
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GO54 founder Opeyemi Awoyemi exits board after sale to South Africa’s HOSTAFRICA
The deal marks Awoyemi’s second successful exit as a founder, having previously founded and exited from Nigerian job board Jobberman.
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Risevest responds to SEC allegations, reassures customers of funds safety
By Joseph Olaoluwa Risevest, a Nigerian fintech that gives customers access to selected global investments, has offered clarification to customers
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GTCO’s market capitalisation tops N2trn for first time ever
Guaranty Trust Holding Company (GTCO), the parent of GTBank, saw its market capitalisation hit the N2 trillion mark on Monday
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Cadbury Nigeria’s annual loss narrows to N10bn as revenue surges
By Mary Adenike Cadbury Nigeria Plc, a fast-moving consumer goods firm, saw its financial performance improve in 2024, its unaudited
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Otedola’s fortune up $500m in one year while Dangote, others see decline
By Mary Adenike Within a year, the fortune of Femi Otedola, chairman of Geregu Power Plc and FBN Holdings Plc,
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FX forward contracts fall 100% as naira firms
There were no foreign exchange forward contracts this week as the naira was little changed against the dollar, data from
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IEI’s annual profit doubles after Norrenberger acquisition
International Energy Insurance Plc (IEI) reported a profit after tax of N1.78 billion for the 2024 financial year, up from
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South Africa overtakes Nigeria in dollar billionaires’ wealth
By Mary Adenike South Africa saw the wealth of its dollar billionaires surpass that of their Nigerian counterparts last year,
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More CEOs optimistic about global economic growth, PwC survey shows
By Mary Adenike Almost 60 percent of CEOs around the world expect global economic growth to increase over the next
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