Business

International credit ratings organisation, Fitch Ratings, has said that the higher capital requirement for banks operating in Nigeria inclusive of non-interest banks would boost the growth of the Islamic …

Investors in the Nigerian equities market lost N92 billion at the close of trading on Tuesday. This followed a dip in the share price of NASCON, THOMASWY, and MAY & …

Guinness Nigeria has announced Tolaram, a Singaporean firm as its new owners after signing an agreement to acquire United Kingdom enterprise, Diegeo’s 58.02 per cent shareholding in the company. Abidemi …

The Central Bank of Nigeria has again reassured the banking public of the safety of their deposits and the banking system’s resilience. The apex bank’s Acting Director of Corporate …

The plans of Fidelity Bank Plc to acquire and recapitalize Union Bank, United Kingdom has gotten the backing of Afrexim Bank as the multilateral financial institution has disclosed that it …

Billionaire entrepreneur, Elon Musk said on Monday that if Apple integrates OpenAI into its operating system, he will prohibit the use of Apple products across his companies. Musk, who …

The African Export-Import Bank has disbursed a $40m Intra-African Investment Facility to support Fidelity Bank Nigeria Plc’s acquisition and recapitalisation of Union Bank UK. The facility, provided in two …

Access Bank Plc has announced that it has successfully completed the acquisition of African Banking Corporation (Tanzania) Limited in line with its strategic expansion goals. Access Bank, in a …

The equity market gained N323bn on Monday buoyed by appreciation by Flour Mills Nigeria, Total Nigeria, Access Holding and 27 others. At the close of trading, the market capitalisation …

FBNQuest Trustees, a subsidiary of First Bank of Nigeria Holdings, has launched its Estate Planning Initiative in Ibadan, Oyo State. According to a statement made available to The PUNCH …