Nigerians ask how Fidelity Food Bank services can be accessed
Following the well-publicized launch by Fidelity Bank Plc of its new CSR initiatives to reduce poverty and alleviate hunger in the society, known as Fidelity Food Bank at a Catholic Church in Lagos, many Nigerians especially Muslims who recently celebrated…
Access Bank leads other banks to jerk up interest on savings account
As part of efforts to return back the lost spirit of savings after the shocks of Emefiele’s failed naira redesign policy, Nigerian banks have announced a new interest rate on savings accounts. In an email to its customers, Access Bank…
ETFs: Popoola Hints on Potential Listings as Investors Face Market Challenges
The Chief Executive Officer, Nigerian Exchange Limited (NGX), Mr Temi Popoola has said that the market would see a renewal in Exchange Traded Fund listings as four new ETFs were in the pipeline. This was echoed by Popoola at the…
Ecobank leads other 8 banks in record customer deposit rise in 2022
Leading continental financial giant, Ecobank led other eight Nigerian banks listed on the Nigerian Exchange have recorded an increase in customer deposits in 2022. Checks on the banks’ unaudited financial records showed that customers deposit rose by 21.43 percent to…
Commonwealth ministers begin reform of global financial architecture
Finance ministers from various Commonwealth countries have called for a systemic reform of the global financial architecture to enhance access to development financing for vulnerable countries. The ministers agreed for India to be the chair and Nigeria to be the…
Fidelity Bank offloads 10.4% controlling stake for N13.97bn
Nigeria’s leading retail financial giant, Fidelity Bank Plc has sold a 10.4 per cent controlling stake in the financial institution to two unnamed investors after conducting a private placement. According to a statement released on Friday, the share acquisition was…
Nigerians reject CBN plans to corner dormant account balances, unclaimed funds
The Central Bank of Nigeria’s (CBN) proposal that banks should transfer funds in accounts that have been dormant for up to 10 years into a trust fund account has begun to receive massive rejection from Nigerians. Already, many experts say…
UBA records 28.9% year-on-year growth in Q1-23 EPS
United Bank for Africa (UBA) released its Q1-23 interim financials after the close of business on Thursday, which showed that the bank recorded a 28.9% year-on-year growth in EPS for the period under review (Q1-23: NGN1.47 vs Q1-22: NGN1.14). The…
Just in: MTN, Apple Music to offer Six-Month Free Trial to customers
Leading telecom services provider in the country, MTN Nigeria has partnered with US-based digital music platform, Apple Music, to offer free access to a premium selection of songsas part of efforts to ensure customers can enjoy quality entertainment on the…
NGX, stakeholders working on solutions to deepen ETFs market
Nigerian Exchange Limited (NGX) in collaboration with key capital market stakeholders will be organising a workshop to address the major challenges and opportunities in the Exchange Traded Funds (ETFs) market. The NGX ETFs Conference themed “ETFs in the Nigerian Capital…
