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NOVA Merchant Bank Transitions to Commercial Banking, Names Adebowale Oyedeji CEO

NOVA Merchant Bank Limited has announced plans to transition into a full-fledged commercial banking business following its acquisition of a national commercial banking licence. The...

[Audio Receivables?] Sterling Bank Billion Naira Loans Sold to Parthian, Cambridge Springs Go Unpaid

In what could be a case of financial shenanigans, Sterling Financial Holdings Company (HoldCo) the parent company of Sterling Bank seems to be perpetually...

[Nice Job!] NDIC Employee Benefits of N66.5bn Gulp 25% of Total Income

It’s a nice cushy job, if you can get it! Employees of the Nigeria Deposit Insurance Corporation (NDIC) earned a hefty N66.5 billion as employee...

Ruto Eats Tinubu’s Dinner as Biden Makes Kenya Major Ally

With an economy worth over $2trillion in Purchasing Power Parity (PPP) terms, huge oil and gas reserves, strategic location and Africa’s most populous nation...

Landmark Loses N42bn From Demolitions to Relaunch in Two States, West Africa

Landmark Africa a tourism development company is set to rebound from the recent demolition of its Lagos beachfront property which cost it N42 billion...

What is ESG and How is Nigeria Getting Ready for the Energy Transition?

By BALA AUGIE Companies in Nigeria are gradually embracing ESG as the country (a major oil producer) looks with some trepidation to the looming energy...

Jaiz Bank Generates Record N5.84bn First-Quarter Profits Amid Headwinds

Profits ofthe largest non-interest lender in Nigeria, Jaiz Bank Plc, has reached an all-time high of roughly N5.84 billion in the first quarter, up 300...

UBA to Emerge Most Profitable Nigerian Bank in 2024 – Akinyemi

United Bank for Africa (UBA) will emerge as the most profitable Nigerian bank by the end of 2024, according to Muyiwa Akinyemi, Deputy Managing...

Higher Interest Rates Lift Fortune of Nigeria’s Biggest Banks

Higher interest rates are lifting the fortunes of Nigeria’s biggest banks as they continue to benefit from the monetary policies while foreign exchange revaluation...

First Bank Value Destruction Was Almost Complete, Then Otedola Stepped In

On March 08 2017, FBN Holdings (the parent company of First Bank) closed trading at N2.96 per share. A decade earlier in 2007 First...

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