Archives for MONEY MARKET - Page 71
Banks, telcos meet as USSD debt hits N100bn
Banks The accumulated debt from Unstructured Supplementary Service Data which Deposit Money Banks owe telecommunication firms has risen to over N100bn. As a result, banks and telcos are expected…
FirstBank Sponsors Davido Timeless Concert
The support of the timeless concert is part of the Bank’s First@arts initiative. First@arts by FirstBank showcases and facilitate the successes of the art and entertainment industry to the…
Fidelity Bank Unveils Initiative To Address Food Insecurity In Nigeria
The Fidelity Bank Plc, has launched a Corporate Social Responsibility (CSR) scheme tagged the Fidelity Food Bank, as part of its initiatives to reduce poverty and alleviate hunger in the…
NDIC COMMENCES VERIFICATION OF INSURED DEPOSITORS OF DEFUNCT PEAK MERCHANT BANK
NDIC MD In line with its mandate of deposit guaranty and reimbursement of depositors in the event of bank failure, the Nigeria Deposit Insurance corporation (NDIC) has commenced verification of…
FirstBank In The Business Of Impacting SMEs
Adesola Adeduntan - First Bank CEO Over the years, Small and Medium Enterprises (SMEs) have been recognised as the bedrock of every nation’s economy. In this regard, First Bank Nigeria…
Wema Bank Reports ₦131.1 bn Gross Earnings, declares 30kobo dividend
Wema Bank logo By Ngozi Onyeakusi---Wema Bank Plc, Nigeria's most innovative bank, has delivered a stellar fourth quarter 2022 performance and continues its evolution into an unrivalled market leader and…
Union Bank Posts Strong revenue growth in 2022
By Ngozi Onyeakusi--- Union Bank has announced the release of its audited financial statements for the year ended 31st December 2022, which reflects strong financial performance despite macroeconomic headwinds.…
Onyeali-Ikpe, Olusanya make top 10 on 2023 definitive list of women CEOs
By Ngozi Onyeakusi---The third annual Definitive List of Women Chief Executive Officers (CEOs) was revealed on April 19. Nneka Onyeali-Ikpe, Managing Director/CEO, Fidelity Bank Plc and Miriam Chidiebele Olusanya,…
Nigeria defaults in debt repayment to China
Debt illustration Nigeria has failed to service its debt to China which has accumulated to billion in the last two years. According to report by the Debt Management Office (DMO), the…
