UBA Overtakes Access to Become Nigeria’s Top Bank in Africa Ranking
United Bank for Africa (UBA) has overtaken Access Bank in the latest ranking of Africa’s top 100 banks after a
Read more
Money
UN Backs African Push to Keep Mineral Wealth at Home
Five African mineral producers have been selected to join a new United Nations support programme designed to help resource-rich nations
Read more
Manufacturers Hail CBN’s Jumbo Rate Cut, Demand Lower CRR to Unlock Credit
The Manufacturers Association of Nigeria has welcomed the Central Bank of Nigeria’s decision to cut the Monetary Policy Rate by
Read more
Billionaire Otedola’s Fortune Hits $2bn as FirstHoldCo Shares Soar
Femi Otedola’s net worth has risen to $2 billion, according to Forbes, as a surge in FirstHoldCo shares lifts the
Read more
EBRD Makes First Pan-African Venture Capital Bet with $8 Million Investment
The European Bank for Reconstruction and Development has committed $8 million (€6.8 million) to Ventures Platform Pan-African Fund II, marking
Read more
Naira Hits Two-Month High as CBN Reopens OMO to Retail Investors After 7 Years
The naira has strengthened to a two-month high as the Central Bank of Nigeria (CBN) reopened its Open Market Operations
Read more
Otedola-led FirstHoldCo Slips Below N6trn Market Cap as Shares Drop
First HoldCo Plc slipped below the N6 trillion market capitalisation mark on Tuesday after its share price fell by 2.99
Read more
European Bank Lends KCB $100 Million to Expand SME Financing in Kenya
The European Bank for Reconstruction and Development (EBRD) is lending KCB Bank Kenya Limited US$100 million, approximately €85 million, to
Read more
FirstHoldCo Tops N5trn Valuation as Billionaire Otedola Bumps Up Stake
First HoldCo Plc, the parent company of Nigeria’s oldest bank, crossed the N5 trillion market capitalisation mark after chairman Femi
Read more
Nigeria’s Oldest Bank Becomes Most Valuable Lender as Shares Soar
First HoldCo Plc, parent of Nigeria’s oldest banking lender, has become the country’s most valuable listed lender after overtaking Guaranty
Read more