Nigeria’s $3.8bn Islamic finance industry holds huge growth potential: Fitch
The Islamic finance industry in Nigeria has significant potential for growth and is expected to continue to expand over 2024–2025,
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Money
Access Bank completes acquisition of BancABC Tanzania
Access Bank PLC has announced the successful completion of its acquisition of African Banking Corporation (Tanzania) Limited (BancABC Tanzania), in
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Naira pares gains as weekly forex liquidity loses 33%
The Nigerian currency lost some of its recent gains against the dollar this week as liquidity in the official foreign
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Nigerian banks boost buffers against potential bad loans
Nigeria’s biggest banks boosted provisioning against potential loan quality deterioration, even as high foreign-exchange gains and interest income drive drove
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Naira extends gain as weekly forex liquidity hits $1.82bn
The naira strengthened further this week as the turnover in the official foreign exchange market rose by more than a
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Umeoji takes up office as Zenith Bank’s first female CEO
Adaora Umeoji has assumed office as the first female group managing director and chief operating officer of Zenith Bank Plc.
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AIICO Insurance posts sevenfold jump in quarterly profit
AIICO Insurance Plc has reported a profit before tax of N10.08 billion for the first three months of this year,
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Access Holdings chair Aig-Imoukhuede gets lifetime achievement award
Aigboje Aig-Imoukhuede, chairman of Access Holdings Plc and Coronation Group, has been honoured with the African Banker Lifetime Achievement Award.
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FCMB doubles dividend, gets shareholders’ nod to raise N150bn
Shareholders of FCMB Group Plc have approved a 100 percent increase in dividend to 50 kobo for the 2023 financial
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Naira gains as weekly forex liquidity rises to $1.45bn
Foreign exchange liquidity on the official market rose by 7.41 percent last week, helping the Nigerian naira to strengthen against
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