[REVEALED] FBN Holdings sells merchant bank for N35.6bn
FBN Holdings, the parent company of First Bank of Nigeria, sold its 100% equity stake in FBNQuest Merchant Bank for
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Money
FBNH’s customer deposits surge by N6.62trn in one year under Otedola
FBN Holdings Plc, the parent company of First Bank of Nigeria, grew its customer deposits by 62 percent in 2024
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Stanbic IBTC fintech unit Zest to get N4bn in fresh capital as losses widen
By Joseph Olaoluwa Stanbic IBTC Holdings Plc, a midsize lender in Nigeria, plans to recapitalise its fintech subsidiary, Zest Payments
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FCMB’s full-year earnings rise to N108bn
By Mary Adenike The earnings of FCMB Group Plc, the parent company of First City Monument Bank, rose by 16
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Wema Bank’s annual profit more than doubles to N88.83bn
Wema Bank posted a profit after tax of N88.83 billion last year, up from N35.99 billion in 2023. Its customer
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CBN deploys FX code as latest tool to prop up naira
By Joseph Olaoluwa The Central Bank of Nigeria has launched the Nigeria Foreign Exchange Code (FX Code), to ensure stability
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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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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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