CBN Defers 293rd MPC Meeting Again Amid Expectations
In spite of expectations by stakeholders, the Central Bank of Nigeria (CBN) has shelved its bi-monthly Monetary Policy Committee (MPC) meeting for the second time.
Fidelity Bank to Raise N32bn from Shareholders
Fidelity Bank Plc has proposed a capital raise of N32 billion from its shareholders to drive the lender’s growth agenda for the financial year 2024.
Heirs Holdings Acquires 45% of Oil Minning Lease 17 from SHELL, ENI
Heirs Holdings Acquires 45% of Oil Minning Lease 17 from SHELL, ENI
Heirs Holdings, the leading African strategic...
Nigerian Banks Valuations Still Attractive In spite of Profits Drop, Says CSL
Nigerian Banks valuations are expected to remain attractive despite expectation
FirstBank Processed ₦6trn transactions through FirstMonie network – CEO
First Bank of Nigeria Ltd says it has processed transactions worth over N6 trillion on its FirstMonie Agent network as at July...
Banks Record Gains Over Shares Buying Festival
Nigerian deposit money banks (DMBs) listed in the stock market recorded valuations jump on Tuesday after the shares buying festival that greeted Godwin Emefiele’s suspension as
Inter-bank Rate Drops as Liquidity Pressures Ease, Naira Tumbles
Following reduced pressures on the financial system liquidity, the average interbank rate has dropped to a double-digit low, traders note shows while the Nigerian...
Providus Bank to Acquire Largest Share in Unity Bank
Providus Bank Limited has moved to acquire majority stake in Unity Bank Plc, as part of the former’s business expansion plan.
Fitch Affirms Fidelity Bank Ratings With Stable Outlook
Fitch Ratings has affirmed Fidelity Bank Plc’s credit rating at ‘B-‘ with a stable outlook, according to its recent report. The global rating agency also upgraded the bank’s National Short-Term...
Fitch Downgrades Coronation Merchant Bank Credit Ratings
Fitch Ratings has downgraded Nigeria-based Coronation Merchant Bank Limited's (CMB) Long-Term Issuer Default Rating (IDR) to 'CC' from 'B-' and its Viability Rating (VR) to 'cc' from 'b-'.
