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L-R) Jeremy Awori, Chief Executive Officer, Ecobank Group; Papa Madiaw Ndiaye, incoming Chairman of Ecobank Group and Alain Nkontchou, outgoing Chairman, Ecobank Group Ecobank Transnational Incorporated (ETI) says the bank posted a profit before tax of US$581 million, up by eight per cent from US$540 million in 2022. The ETI, …

  Nigeria’s premier financial institution and financial inclusion services provider has bagged two awards: Best SME Bank in Africa and Best SME Bank in Nigeria at the highly converted Asian Banker Global Excellence Retail Awards 2024. The Excellence in Retail Finance Awards Programme, which includes the Global Excellence in Retail …

In a significant step towards nurturing the educational development of Nigerian youths, Stanbic IBTC has introduced a nationwide scholarship programme set to benefit 200 exceptional students across the country. This initiative highlights the organisation’s commitment to fostering education and providing outstanding students with opportunities to achieve their academic aspirations. The …

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), says badly managed banks should not have a lifetime guarantee. Moghalu’s statement is coming two days after the CBN revoked the banking licence of Heritage Bank due to the company’s “inability to improve its financial performance”. On …

The presidency says the two fiscal policy documents in circulation have not been approved by the federal government. According to the presidency on Thursday, the documents are still policy proposals subject to reviews at the highest level of government. “One of the documents titled Inflation Reduction and Price Stability (Fiscal …

The National Orientation Agency (NOA) says the federal government has not allocated funds for the promotion of the new national anthem, contrary to reports on social media. Lanre Issa-Onilu, the director-general of the agency, spoke on Wednesday at the presentation of the official version of the new national anthem in Abuja. …

First Bank of Nigeria Limited, the banking arm of First Bank of Nigeria Holdings (FBN Holdings), a leading financial service group led by Nigerian billionaire Femi Otedola, has successfully recovered a N456 billion ($305 million) loan from Heritage Bank just before the Central Bank of Nigeria (CBN) revoked the license …

    Emirates, the International Air Transport Association (IATA) and Airbus have joined forces to deliver an enhanced Competency-Based Training and Assessment (CBTA) programme for the A350 type rating, as the airline prepares for the delivery of 65 A350s from mid-2024. An initial cohort of 256 pilots will be trained as part …

    Lagos, Nigeria: Fidelity Bank Plc (“Fidelity Bank” or the “Bank”) has concluded all necessary arrangements to raise a total of up to ₦127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred Million Naira) by way of a Rights Issue to existing shareholders and a Public Offer (the “Combined Offer”). The …

The Federal High Court sitting in Lagos on Wednesday granted the Federal Government an order of interim forfeiture of properties valued at N11,140,000,000.00 linked to the embattled former Central Bank of Nigeria (CBN) governor, Godwin Emefiele. Justice Chukwujekwu Aneke made the order sequel to a motion filed and argued by …