Banking and Finance

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First Bank spends N121bn on adverts as directors’ earnings rise 24%, travels jump by 119%

Odinaka Anudu -
THE operating expenses of FirstHoldco Plc, First Bank's parent company, increased by 42 percent...

How Aso Savings and Loans fell into deep insolvency before CBN licence withdrawal

Yakubu Ibrahim -
ASO Savings and Loans fell into severe insolvency before the Central Bank of Nigeria...
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Otedola raises First Bank stake to 17.6%, tightens grip on Nigeria’s oldest lender

Yakubu Ibrahim -
First Bank or FirstHoldco Chairman, Mr Femi Otedola, on Thursday, acquired additional 369,986,122 shares...

CBN revokes licenses of Aso Savings, Union Homes for non-complaince with BOFIA

Stella Odiche -
THE Central Bank of Nigeria (CBN) has revoked the licenses of Aso Savings and...
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Do you remember Allstates Trust Bank in Nigeria? Here’s why it collapsed

Yakubu Ibrahim -
MANY adult Nigerians still remember Allstates Trust Bank, which was once loved by the...

CBN gives PoS providers 30 days to link NIBSS, UPSL

Yakubu Ibrahim -
THE Central Bank of Nigeria (CBN) has ordered all acquirers, processors and payment terminal...
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Nigeria, South Africa, Egypt record highest foreign reserves in Africa

Yakubu Ibrahim -
NIGERIA, South Africa and Egypt have the highest emerging markets foreign reserves in Africa,...

Full list of 82 CBN-approved BDC operators

Stella Odiche -
THE Central Bank of Nigeria (CBN), on Monday, granted final licenses to 82 Bureaux...
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