FBN Holdings Injects N25bn into FirstBank

FBN Holdings Plc has injection of N25 billion equity capital into its commercial banking subsidiary, First Bank of Nigeria Limited, being the net proceeds of the company’s...

Banks Squeezed as CBN Shores up Naira

Nigeria’s banks are expected to take a big hit to revenues and face rising borrowing costs this year as the central bank measures to support the Naira.

Union Bank Launches TechVentures To Support Tech Based Businesses

Union Bank has announced the launch of TechVentures, a unique banking proposition which provides tailored services to technology companies. The solution was unveiled at...

CRR: CBN holds N900b customers’ deposits with banks

THE Central Bank of Nigeria (CBN) has been holding on to N900 billion of lenders’ deposits as Cash Reserve Ration (CRR) since January. By...

COVID-19 crisis highlights need for flexible energy systems, bigger role for renewables

The COVID-19 crisis has highlighted the need for Africa to develop flexible energy systems in which renewables and decentralised technologies play a far larger role, according to...

Access Bank Completes Acquisition Of Transnational Bank Of Kenya

Access Bank’s Logo and Trans National Bank’s Logo The Board of Access Bank PLC has announced the lender’s successful completion of the acquisition of...

Nigerians Mock FCMB Customers Over Bank’s 4 Days Network Issues

FCMB customers are wailing on micro blogging site, Twitter. The bank’s customers are crying out over the lender’s persisting network issues. Our Source brings you the...

FirstBank Set To Hold Webinar On Education

FirstBank of Nigeria Limited has announced the convening of a Business Clinic to promote the growth and sustainability of the educational sector, especially in the light of the coronavirus, which ...

FirstBank Rewards its Verve Card Holders with Free Fuel

First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider is set to reward customers for Verve Card usage in its Free Fuel Promotion.

FCMB Group Eyes 96% Stake In AIICO Pensions

FCMB Group has notified the Nigerian Stock Exchange that its pensions arm, FCMB Pensions Limited, is to acquire 96 per cent of AIICO Pensions Limited.
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Ignore council’s statement, I remain UNILAG VC – Ogundipe

Embattled Vice-Chancellor of the University of Lagos (UNILAG), Prof. Oluwatoyin Ogundipe has described his removal from office as false.He said he remains...

LAWMA ISSUES SEAL ORDER ON IPODO MARKET OVER FILTH

Lagos Waste Management Authority (LAWMA) has issued an intention to seal order, on Ipodo Market, Ikeja for indiscriminate waste disposal, non-compliance and...

FEEDERS FOUNDATION FEEDS CHILDREN AND EMPOWERS PRIVATE SCHOOL TEACHERS IN LAGOS SLUM COMMUNITY

The Feeders Foundation, wholly dedicated to the Feeding, Education, Empowerment and Development of people, especially ones in low-income communities, has recently fed...