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Verod Capitals Verheijen and Auwal Lawal are New Owners of Polaris Bank

The owners of the investment vehicle , Strategic Capital Investment Limited (SCIL), used for the acquisition of Polaris Bank Limited are Danladi Verheijen, Co-Founder/CEO of Verod Capital and Auwal...

Kogi State Lost N170bn by Not Acquiring 5% of Dangote Cement

…as current/past Governors lack foresight Some twelve years ago in 2010, there was fanfare and excitement in Nigeria’s financial markets following the listing on the...

NNPCL’s Lower Borrowing Costs Signal Stronger Balance-Sheet

Despite oil theft, the coronavirus pandemic, and vandalism of facilities that undermined production, Nigerian National Petroleum Company Limited (NNPCL) has maintained lower borrowing costs...

Nigerian Banks Face Earnings Dip After Latest Policy Rate Hike – S&P

S&P Global Ratings believes banks in Nigeria could see reduced earnings, alongside weaker lending growth and asset quality, after the Central Bank of Nigeria...

Nigerian Firms Dash for Cash in Liquidity Push Ahead of Elections

Nigerian companies are increasingly maxing out credit lines and resorting to commercial paper and bond issuances, as they seek to grab cash amid an uncertain...

Nigeria Banks Profitability Returns to Pre-pandemic Level

Banks’ profitability in Nigeria have exceeded the pre-pandemic levels in the first half of 2022, as a hawkish tone by the central bank and devaluation...

Inside Zenith Bank, Nigeria’s Most Profitable Bank

Zenith Bank Plc is undoubtedly the most profitable lender in Nigeria as it continues to surmount regulatory and macroeconomic headwinds. It has weather many storms,...

Stanbic, Trustfund Lead as Nigeria Pensions Shareholder’s Funds Hit N211.27bn Post Recapitalisation

Nigeria Pension industry shareholder’s funds has surged after a successful push by the regulator PENCOM for operators to increase their balance sheet size. Stanbic IBTC...

Nigerian Firms Step up Capital Spending Despite Macroeconomic Concerns

Nigerian companies are investing in new assets, a move that is encouraging to investors who fret that deteriorating consumer purchasing power, foreign exchange scarcity,...

Manufacturer’s Battle Rising Input Costs as Operating Expenses hit N2.19trn

Nigerian manufacturers are battling with mounting cost of production as they are spending more to produce each unit of products. For instance, the 22 largest...

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