Business

* With over 4.6 trillion-naira loans to customers in Q3 2023, FirstBank is committed to economic growth and transformation.  At the dawn of the new year, it is natural for the Nigerian banking sector operators to anticipate dynamic shifts in regulations, increased digital innovations, and a focused approach toward sustainable growth and financial inclusion, while both the government and private sector ...

The Federal Government has slashed its oil production target from 4 million barrels per day (bpd) to 2.6 million bpd. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which confirmed the target cut on Tuesday, said the oil and condensates production target of 2.6 million barrels per day (bpd) by 2026, is an ambitious jump from 2023 production levels of around 1.6 ...

The Nigeria Social Insurance Trust Fund (NSITF) has kicked against the deduction of 40 per cent, amounting to N1.4billion from employers’ contributions by the Ministry of Finance as an operating surplus in line with the Fiscal Responsibility and Finance Act of 2020, despite the fact that NSITF is not a revenue-generating agency. It said it is one of the clogs in ...

Zenith Bank Plc has been named the “Best Bank for Digital Solutions in Nigeria” in the Euromoney Awards for Excellence 2023, underscoring the bank’s pioneering and outstanding achievements in delivering cutting-edge digital financial solutions. Speaking on the recognition, the Group Managing Director/CEO of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, said, “We are delighted to receive the distinction as the Best ...

FirstBank, Nigeria’s premier financial institution, is set to ignite the annual DecemberIssaVybe fun time energy with the sponsorship of heavyweight sensational Nigerian singer, Asake’s super star musical concerts in Abuja and Lagos. Asake also known as Mr Money, an award-winning singer and the rave of the moment, famed for his monster global Afrobeat hit songs, will be performing in Abuja ...

Leading financial institution, Fidelity Bank, has been listed as one of most capitalized banks in Nigeria based on Q3 2023 financial results. According to an article published in Thisday newspapers, the bank reported a capital base of N410.75 billion as of September 2023 against N314.3 billion in 2022. Also featuring on the list are Zenith Bank, UBA, First Bank, Access ...

Bloomberg announced today that FirstBank UK Limited (FirstBank UK), the UK subsidiary of First Bank Nigeria Limited, the premier West African bank, has adopted Bloomberg’s Trade Order Management System (TOMS). By integrating TOMS into its workflow, FirstBank UK will have access to a comprehensive suite of data and analytics, communications, as well as order and execution management solutions, enabling it ...

Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the Chartered Financial Analyst (CFA) Institute to promote efforts and activities that support the formation, training, and updating of human capital in finance and investment for the overall development of the Nigerian financial services sector. The MoU, was signed by the Group Managing Director/CEO of Zenith Bank Plc, Dr. ...

Fidelity Bank Plc has become an official signatory of the UN Principles for Responsible Banking (PRB) – a single framework for a sustainable banking industry developed through a collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI). The Principles are the leading framework for ensuring that banks’ strategy and practice align with the vision society ...

Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the French Government to establish a subsidiary of Zenith Bank Plc in France. The MoU, which was signed by the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, and the French Minister for Trade, Attractiveness and French Nationals Abroad, Mr. Olivier Becht on Friday, November 24, 2023, ...