Data shows that Nigerian tier-1 banks, also called FUGAZ, have reported to have surmounted a total of N102.96 billion in income from the account maintenance charged to customers for the first nine mon...
A bill to amend the Central Bank of Nigeria Act scaled Second Reading at the House of Representatives on Thursday.On Thursday the House of Representatives went on the Second Reading for the amendment ...
As the unwavering macroeconomic challenges continue to cripple the nation's economy, breadmakers are also lamenting over the shortage of foreign exchange and the high cost of baking items that have le...
Despite the economic struggles, six banks in the Nigerian financial sector are reported to have gained profits by 214% to N2.06tn in the period that ended September 2023 when compared to the correspon...
Unity Bank Plc recently announced plans to strengthen its digital banking services despite the bank report for Q3 that ended September 2023 showing how the bank recorded a loss of N47.917bn.The unaudi...
The Lagos State Government and the African Export-Import Bank (Afreximbank), in collaboration with Access Holding Plc, signed a contract worth $1.35 billion on Monday to boost infrastructure and food ...
The Federal Government in collaboration with the Ministry of Power has reached an agreement with a Chinese consortium to improve power distribution lines—the contract is worth $463 million.Additiona...
On Monday, October 23, the Federal Executive Council said it was set to approve the application for a $3.45 billion loan from the World Bank to boost five items.These projects include renewable energy...
Fidelity Bank, which is popularly known as Fidelity Bank Plc., is a commercial bank in Nigeria that has its headquarters in Victoria Island, Lagos. Fidelity is a licensed commercial bank with internat...
On Sunday, Rite Aid, an American drugstore, filed for bankruptcy as the firm plans to close some of its stores across the United States as it suffers a decline in sales and opioid lawsuits.In recent y...