Capital market

The First Bank Of Nigeria had Announced new banking guidelines for their international transactions. In a Statement to it’s customers, the bank said international transactions on its naira Mastercard will be suspended from September 30, 2022. The bank said such transactions would not be available on its naira credit card, …

First Bank Of Nigeria Holdings PLC, has indicates interest to do away with 65% of their equity in FBN Insurance Limited to their partner, Sanlam Emerging Market. Sanlam have an existing equity of 35% with FBN Insurance before these new discussions. FBN who made the ongoing discussion to sell the …

Nigeria has overtaken South Africa as the biggest economy in Africa as the latter enters its second recession in two years. South Africa’s Gross Domestic Product shrank by 1.4 per cent in the fourth quarter of 2019, following a revised 0.8 per cent contraction in the third quarter, data from …

Cheque books with Diamond bank logo has been declared invalid beginning from the 1st of March 2020 According to Access Bank, the decision to discontinue accepting cheque books bearing the logo of its merger partner is to increase efficiency in service delivery. They further advised customers who want to get …

The President, Major General Muhammadu Buhari (retd.), wrote a letter to Nigerians to commemorate the New Year. The letter was made available to newsmen on Wednesday in Abuja. Read the full content of the letter below: A LETTER FROM THE PRESIDENT AT NEW YEAR My Dear Compatriots, NIGERIA’S DECADE Today …

The Federal Government of Nigeria has explained why the former executive chairman of the Federal Inland Revenue Service(FIRS), Babatunde Fowler was removed from office. The Federal Government who explained through the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said Babatunde Fowler’s tenure as executive chairman …

The Former Vice-President, Atiku Abubakar, has expressed worry over rates of borrowing in the last four years, saying that the administration of President Muhammadu Buhari, has taken more loans in the last three years, than it did in the 30-year period preceding 2016. Atiku who said this was reveal by …

Lauretta Onochie, aide to President Muhammadu Buhari on Social Media, have asked the CEO of Air Peace Airline, Chief Allen Onyema, to return to the United State of America to face those who indicted him for money laundering, adding that she was not carried away with his humanitarian act of …

Peoples Democratic Party (PDP) Chieftain, Chief Sunny Onuesoke has reiterated that President Muhammadu Buhari’s decision to close all the land borders in the country remain the best for the economic development of Nigeria He explained that although Nigerians are presently feeling the pains in view of inflated prices of edible …

Closing Nigeria’s borders to stop smuggling of rice and other goods into Nigeria from neighbouring West African countries is one of the most crude and retrogressive decisions and actions of the Buhari government in recent times. A rational and deep-thinking government with long term strategies of maximising Nigeria’s strengths and …