ANALYSIS

By Ikechukwu Amaechi Fidelity Bank Plc has dismissed as unfounded the story making the rounds that it is on the verge of bankruptcy following a Supreme Court judgment linked to a legacy $3 million credit facility granted by the defunct FSB International Bank in 2002. The bank made the clarification...

 By Friday Atufe Several media platforms have gone to town with the news of the Supreme Court ruling on a dispute between the defunct FSB International Bank and Sagecom Concepts Limited with some of them questioning the ability of Fidelity Bank (the judgement debtor) to make the payment.   As...

By Mallam Olawale Rasheed Assuming office under a very hostile environment can be quite challenging. For Governor Ademola Adeleke, the battle for the Governorship did not end with winning on July 16th; the war extended till the Inauguration day on November 27th. Overcoming the odds to rejig the system and...

  2022 was a remarkable year for Union Bank of Nigeria ("Union Bank"). The leading financial institution celebrated its 105th year of serving Nigerians with the announcement of the completion of a landmark transaction that saw the integration of the Bank with Titan Trust bank to form a stronger union....

  An analysis by Chinyere Joel-Nwokeoma (NAN)   The Nigerian stock market opened trading in 2021 with great expectations, having been adjudged the best globally in 2020 with a return of 50.03 per cent. Operators and analysts had predicted a positive outing for the stock market in 2021, based on...

By Garba Shehu The purpose of the President’s trip to Turkey, December 16th to 19th was to participate in the 3rd Turkey-Africa Partnership Summit, with an appealing theme: “Enhanced Partnership for Common Development and Prosperity.” Our national strategy was laid out before departure, based on a strong optimism that the...

  By Lukman Otunuga, Senior Research Analyst at FXTM In an encouraging development, inflation in Africa’s largest economy fell for the fourth consecutive month in July. Consumer prices rose 17.4% from a year earlier, lower than the 17.8% witnessed in June and below the 17.5% estimates in a Bloomberg survey....

• FG in talks with China, considers Internet firewall to block VPN access • A4AI Nigeria says situation creates $1.2b loss for MSMEs • Raises questions of our readiness for investors, says ALTON The suspension of Twitter, a leading micro-blogging platform, has begun to take its toll on struggling Nigeria’s...

A News Analysis by Ismail Abdulaziz, News Agency of Nigeria (NAN) Successful implementation of a national anti-corruption policy and the strategy for the fight against corruption via concerted actions of ministries, departments and agencies, remains an integral part of the United Nations Anti-Corruption Strategies. This, according to analysts, is to...

By Momodu Abutu Mother nature has a way of depositing its vast treasures wherever it pleases. In the wonderful world of hydrocarbons, these resources are either placed onshore (on land) or offshore (in water). Beneath the hidden depths of world’s seas ranging from a few hundreds to several thousand feet...