MONEY MARKET

Going by its statement to The Nigerian Stock Exchange (The NSE) at the weekend, it can be safely concluded that First Bank Plc is either planning merger with some banks or outright acquisition of some other lenders within or outside the country. The move, according to financial analysts, is in...

  To splash N1b on DiamondXtra customers   Access Bank Plc plans to grow its customer base over the next two years with a target to increase customer accounts from 41 million to 100 million by 2022. The bank at the weekend launched the 12th season of its DiamondXtra promo...

  Dr Adesola Adedmyuntan, Chief Executive Officer, FirstBank Nigeria, has restated the bank’s commitment to continue promoting an enabling environment for women to thrive and reach their maximum career potential. Adeduntan said this during the maiden anniversary celebration of FirstBank Women Network and International Women’s Day on Saturday in Lagos....

The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC) Alhaji Umaru Ibrahim has said that there is urgent need to bring more Nigerians into the financial services net. Ibrahim said the call has become necessary because about 40 per cent of Nigerians do not have access to financial services....

  The Central Bank of Nigeria (CBN) says market fundamentals do not support Naira devaluation this time around. The CBN made this known in a statement by the bank’s Director, Corporate Communications, Mr Isaac Okorafor in Abuja on Friday. Okorafor expressed dismay at speculative activities at the foreign exchange market...

In the bid to stimulate the growth of the economy, Nigeria’s leading retail bank, Access bank plc has launched TraderLite, an account that enables micro businesses, with turnover between N50, 000 – N1Million, operate their businesses with their individual name or registered business name. Speaking at the launch of the...

  The era of entrepreneurs borrowing from banks and not paying back is gone, Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele said on Saturday. Emefiele spoke in Lagos where he came for an assessment tour of the Dangote Refinery and Petrochemical Company in Ibeju-Lekki. He said that the...

Nigeria’s largest retail bank, Access Bank Plc., has been named as one of the top 500 global banking brands, according to leading business valuation and strategy consultancy, Brand Finance. Access Bank has demonstrated growth since it was last ranked as the fifth most valuable Nigerian bank in the 2017 Banking...

  The Central Bank of Nigeria (CBN)  on Thursday came under acerbic attack of the Senate as the red chamber condemned the high lending rates in the country, accusing the apex bank of not encouraging investors with the monetary policy. The Senate insisted that the CBN has not done enough...

Coronation Merchant Bank on Wednesday expressed optimism that the nation’s currency would not be devalued in 2020 as being speculated in some quarters. This, among others, were the resolutions reached at the Coronation Breakfast Session with the theme: “Re-risking the financial system,” held in Lagos. Speaking at the event, Mr...