Archives for MONEY MARKET - Page 2
Heritage Bank: NDIC Declares ₦24.3bn Second Liquidation Dividend
BY NGOZI ONYEAKUSI Nigeria Deposit Insurance Corporation (NDIC) has declared a first liquidation dividend of ₦ billion in April 2025, at a rate of kobo per ₦ NDIC in statement …
Nigeria adds 4.3m new BVNs in 2025
Nigeria recorded a boost in its banking identity system in 2025 as million new Bank Verification Numbers (BVNs) were registered across the country. A BVN is a unique biometric identification…
Fidelity Bank Extends Support to Oluyole Cheshire Home in Ibadan
BY NGOZI ONYEAKUSI In the spirit of the festive season, leading financial institution, Fidelity Bank Plc has reaffirmed its commitment to inclusive community support through a charitable outreach to Oluyole…
Recapitalisation: FirstBank Meets ₦500bn Regulatory Requirement
...Shareholders commit to future injection of more capital to the Groups’ other subsidiaries BY NGOZI ONYEAKUSI Olusegun AlebiosuMD/CEO FirstBank First HoldCo Plc has announced that its commercial banking subsidiary, First…
Why 2026 Must Be the Year Nigeria’s Economy Works for All
BLAISE UDUNZE As the new economic year begins in Nigeria, statements and policies emanating from government officials' corridors project cautious optimism. One of the official narratives that expresses renewal of…
Nigeria’s banks close 229 branches as POS transactions surge
Nigeria’s banking industry is witnessing a major shift from traditional branch banking to electronic platforms, with 229 physical bank branches shutting down in just one year as customers increasingly rely…
Access Bank and Rebirth of National Theatre: Revitalising Nigeria’s Cultural Future
BY NGOZI ONYEAKUSI When the National Theatre Lagos first opened ahead of FESTAC ’77, an architectural marvel, a symbol of the cultural soul of a nation ready to introduce its…
FirstBank Introduces Exclusive 500-Seater Bleacher at Carnival Calabar & Festival 2025
Olusegun AlebiosuMD/CEO FirstBank FirstBank, West Africa’s premier financial institution and financial inclusion services provider, has officially announced its sponsorship of the Carnival Calabar & Festival 2025, unveiling a landmark addition…
FG spends N9.81trn on debt service from revenue of N13.67trn
The Federal Government devoted nearly three-quarters of its total revenue to debt servicing in the first seven months of 2025, underscoring the mounting strain Nigeria’s debt obligations are exerting on…
DEPOSITORS’ REIMBURSEMENT TO RECEIVE MAJOR BOOST AS NDIC, NIBSS SET TO SIGN MOU
BY NGOZI ONYEAKUSI The Nigeria Deposit Insurance Corporation (NDIC) and the Nigeria Inter-Bank Settlement System (NIBSS) Plc. are set to sign a Memorandum of Understanding (MoU) aimed at ensuring a…
