Commercial Licence: ‘We’ve Submitted Capital Raising Plan to CBN’ –Nova Merchant Bank

Commercial Licence: ‘We’ve Submitted Capital Raising Plan to CBN’ –Nova Merchant Bank As part of its transition to a national commercial banking license, Nova Merchant Bank Limited said that it…

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SMEDAN, Sterling Bank Unveil N5bn Loan for Small Businesses

SMEDAN, Sterling Bank Unveil N5bn Loan for Small Businesses  The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in collaboration with Sterling Bank Ltd., on Monday, unveiled five billion…

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Naira Sees Slight Daily Gain, Closes at N1,483/$

Naira Sees Slight Daily Gain, Closes at N1,483/$ In the foreign exchange market, the Naira appreciated against the dollar by 0.02% in the official NAFEM market, closing at ₦1,483.62 per…

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Unity Bank Expects N5.2 Billion as Profit in Q3, 2024

Unity Bank Expects N5.2 Billion as Profit in Q3, 2024 Retail lender, Unity Bank Plc has forecasted a Profit after Tax of N5.2 billion in the third quarter (Q3) of…

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Customs Intercept 280,135 Litres of Petrol in 7 days

Customs Intercept 280,135 Litres of Petrol in 7 days The Nigeria Customs Service (NCS), seized 280,135 litres of Petroleum Motor Spirit (PMS) valued at N115 million, its Comptroller-General, Bashir Adeniyi,…

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Oil Prices Climb on Demand Optimism, Tight Supply

Oil Prices Climb on Demand Optimism, Tight Supply Oil market rallied on Monday due to expectation increased demand and tight supply side. Market prices of crude oil, ICE Brent and…

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Afreximbank Supports Fidelity Bank’s Acquisition of Union Bank UK with $40m

Afreximbank Supports Fidelity Bank’s Acquisition of Union Bank UK with $40m Afreximbank said it has disbursed 40 million dollars Intra-African Investment Facility to Fidelity Bank Nigeria Plc to support Fidelity…

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NNPC Ltd Disowns Report on Alleged Inflated Subsidy Claims

NNPC Ltd Disowns Report on Alleged Inflated Subsidy Claims The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Monday disowned reports in some sections of the media alleging that it…

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Tariff Hike: N230m Monthly Electricity Bill not Sustainable – Unilorin VC

Tariff Hike: N230m Monthly Electricity Bill not Sustainable – Unilorin VC Vice-Chancellor of University of Ilorin, Prof. Wahab Egbewole, says the institution’s monthly electricity bill has jumped from N70 million…

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Equities Market Climbs by N323bn on Fresh Rally

Equities Market Climbs by N323bn on Fresh Rally Equities market wiped out weekly loss of N44 billion on Monday as investors sentiment picked up ahead of inflation data. The surge…

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