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Money

FEATURED Latest Money TOP STORIES 

GTCO’s Profit Tumbles 44% in First Quarter

April 30, 2025April 30, 2025 Markets Reporters 0 Comments GTCO

Guaranty Trust Holding Company, Nigeria’s biggest bank by market value, posted a profit of N258.03 billion in the first three

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FEATURED Latest Money TOP STORIES 

Africa Finance Corporation Taps ex-Citi Boss Samuel-Ogbu as Chair

April 26, 2025April 26, 2025 Markets Reporters 0 Comments Africa Finance Corporation, Ireti Samuel Ogbu

Africa Finance Corporation (AFC) has announced the appointment of Ireti Samuel-Ogbu as chair of its board of directors. She succeeds

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FEATURED Latest Money TOP STORIES 

AVCA, PEVCA Merge To Boost Private Capital in Nigeria

April 25, 2025April 25, 2025 Markets Reporters 0 Comments AVCA, PEVCA, Private capital

The African Private Capital Association (AVCA) and the Private Equity and Venture Capital Association, Nigeria (PEVCA) have announced a merger

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FEATURED Latest Money TOP STORIES 

UBA’s Loan Book Shrinks Amid Record-High Interest Rates

April 23, 2025April 23, 2025 Markets Reporters 0 Comments United Bank for Africa

The United Bank for Africa saw its loans and advances to customers decline to N6.83 trillion in March from N6.95

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FEATURED Latest Money TOP STORIES 

Zenith Bank’s Fraud Loss Deepens While Peers See Decline

April 20, 2025April 20, 2025 Markets Reporters 0 Comments Fraud loss, Zenith Bank

Zenith Bank Plc, Nigeria’s biggest bank by net profit, witnessed a 14-fold surge in fraud-related losses in 2024, while several

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FEATURED Latest Money TOP STORIES 

Ten Banks Cough Out N316bn in Windfall Tax on FX Gains

April 20, 2025April 20, 2025 Markets Reporters 0 Comments Foreign exchange gains, Nigerian banks, windfall tax

By Lydia Oluremi Ten of Nigeria’s commercial banks paid a total of N316 billion to the government from the foreign

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FEATURED Latest Money TOP STORIES 

FirstHoldCo Takes Lead in Profit Growth Among Nigeria’s Top Banks

April 18, 2025April 20, 2025 Markets Reporters 0 Comments FirstHoldCo, Most profitable Nigerian banks, Top banks in Nigeria

By Lydia Adenike First HoldCo, the parent of FirstBank of Nigeria, saw its profit for last year surge 118.13 percent

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FEATURED Latest Money TOP STORIES 

Profit at FirstBank Parent FirstHoldCo More Than Doubles to N677bn

April 18, 2025April 18, 2025 Markets Reporters 0 Comments FirstBank, FirstHoldCo

First HoldCo Plc, the parent of Nigeria’s oldest lender First Bank, posted a profit of N677 billion last year, up

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FEATURED Latest Money TOP STORIES 

Access Bank Cut Fraud Loss to N1.69bn in 2024

April 16, 2025April 16, 2025 Markets Reporters 0 Comments Access Bank

Access Bank lost N1.69 billion to fraud and forgery incidents last year, down from N6.15 billion in 2023. The lender’s

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FEATURED Latest Money TOP STORIES 

[REVEALED] Access Holdings’ Acquisitions Cost N253bn in One Year

April 16, 2025April 16, 2025 Markets Reporters 0 Comments Access Bank acquisitions, Access Holdings

Access Holdings, the parent of Nigeria’s biggest lender by assets Access Bank, incurred a total of N252.83 billion on further

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