Nigeria’s Forex Market Liquidity Surges 355% in One Week
The Nigerian official foreign exchange market saw its turnover jump more than fourfold this week, according to data on trades
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Money
Meet Amaka Onwughalu, First Female Chairman at Fidelity Bank
Fidelity Bank Plc, a mid-size Nigerian lender established 37 years ago, has appointed Amaka Onwughalu as its first female chairman
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Biggest Shareholder Otedola Invests Extra N15.27bn in FirstBank’s Parent
Femi Otedola, chairman of First HoldCo, has bought additional shares worth N15.27 billion in the parent of the country’s oldest
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Standard Chartered Hands Over Cameroon Business to Access Bank
Standard Chartered has announced the successful handover of its Cameroon business to Access Bank Cameroon. It said on Monday that
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Nigeria’s Forex Reserves Jump to Six-Year High of $44.61bn
Nigeria has seen its foreign exchange reserves surge to $44.61 billion, the highest level since 8 August 2019, according to
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Smaller Nigerian Banks Beat Big Rivals in Earnings Growth
*Wema, Stanbic, Sterling see nine-month profits jump 160% Some mid-sized Nigerian banks more than doubled their combined earnings in the
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Fidelity Bank Exits Trillion-Naira Club, Posts First-Half Profit Drop in Seven Years
Fidelity Bank Plc, one of Nigeria’s mid-sized banking groups, has fallen out of the trillion naira valuation club after its
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Zenith Bank’s Loan Book Shrinks to N9.37trn Amid Decline in Profit
Zenith Bank, Nigeria’s second biggest bank by market capitalisation, saw its loans and advances to customers drop to N9.37 trillion
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FirstBank’s Parent FirstHoldCo Posts 24% Decline in Nine-Month Profit
First HoldCo, the parent company of First Bank of Nigeria, reported a profit after tax of N450.87 billion in the
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Fintech HabariPay Becomes GTCO’s Most Profitable Non-Banking Unit
HabariPay Limited, the fintech subsidiary of Guaranty Trust Holding Company (GTCO), overtook the group’s asset management business to become its
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