Asset manager PIC set to invest $100m in AFC
The Public Investment Corporation, Africa’s largest asset manager has given formal notification to make a $100 million inaugural equity investment
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Money
Jaiz Bank’s half-year profit rises 27%
Jaiz Bank Plc posted a profit after tax of N2.54 billion for the first half of 2020, up from about
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Sterling Bank’s half-year profit jumps 41%
Sterling Bank Plc has said its profit after tax for the first half of 2022 rose by 40.8 percent year-on-year
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FX market turnover falls 43%, naira weakens further: FMDQ
The total turnover in the FX spot and derivatives markets fell by 42.81 percent this week to $538.30 million from $941.28 million
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FBN Holdings’ half-year profit jumps 48%, customer deposits top N6tn
FBN Holdings Plc, the holding company of First Bank of Nigeria Limited, has reported a profit of N56.54 billion for
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Union Bank’s H1 profit hits N12.3bn on higher interest income
Union Bank of Nigeria Plc has reported a profit before tax of N12.3 billion for the first half of this
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FCMB’s half-year profit surges 80% as interest income rises
FCMB Group has reported a profit after tax of N13.66 billion for the first half of this year, compared to
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US agency partners Access Bank, commits $280m for Nigerian SMEs
US International Development Finance Corporation (DFC) has signed a commitment letter for $280 million in financing for Access Bank Plc
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FG borrows more from CBN, now owes it N19tn
Despite growing concerns about its repeated recourse to central bank financing, the Federal Government borrowed N1.55 trillion from the Central
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Dollar scarcity deepens as Nigeria’s forex reserves hit seven-month low
The shortage of dollars in Africa’s biggest economy is worsening as its foreign exchange reserves have dropped to a seven-month
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