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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-'.

Fitch Downgrades Coronation Merchant Bank Credit Ratings

TheStreet NG - 0
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-'.
FCMB Plc has successfully raised N26 billion Tier-1 subordinated capital from the local bond market, according to a regulatory filing submitted to the Nigerian Exchange.

FCMB Group Raises N26bn to Boost Bank’s Capital

TheStreet NG - 0
FCMB Plc has successfully raised N26 billion Tier-1 subordinated capital from the local bond market, according to a regulatory filing submitted to the Nigerian Exchange.
Insurance Companies Collect N729.1bn Premium in First Three Quarters of 2023

Insurance Companies Collect N729.1bn Premium in First Three Quarters of 2023

TheStreet NG - 0
Insurance companies collected N729.1 billion as premium in the first three quarters of 2023, an increase of N196 billion over the N532.7 billion collected in the first three quarters of 2022.
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UBA's Leo Celebrates 6 Years of Impact, With New Offerings

UBA’s Leo Celebrates 6 Years of Impact, With New Offerings

TheStreet NG - 0
United Bank for Africa (UBA) Plc is celebrating the 6th year of operation of its flagship artificial intelligent Digital Assistant and Chatbot - Leo, and has announced new offerings aimed towards deepening the face of digital banking in Nigeria.
Fidelity Bank to Raise N32bn from Shareholders

Fidelity Bank to Raise N32bn from Shareholders

TheStreet NG - 0
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.
Moniepoint Introduces New Initiative to Reward Customers

Moniepoint Introduces New Initiative to Reward Customers

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Moniepoint Microfinance Bank (MfB) has introduced a new initiative “Moniepoint Personal Banking Refer and Earn” programme aimed at rewarding its customers this Christmas season.
Insurance Companies Collect N729.1bn Premium in First Three Quarters of 2023

Insurance Companies Collect N729.1bn Premium in First Three Quarters of 2023

TheStreet NG - 0
Insurance companies collected N729.1 billion as premium in the first three quarters of 2023, an increase of N196 billion over the N532.7 billion collected in the first three quarters of 2022.
Experts Applaud CBN Over Planned Recapitalisation of Banks

Experts Applaud CBN Over Planned Recapitalisation of Banks

TheStreet NG - 0
Two financial experts have commended the Central Bank of Nigeria (CBN) for its plan to further recapitalise Deposit Money Banks (DMBs) in the country.

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Dangote refinery thirsty for crude but short on credit

Dangote refinery thirsty for crude but short on credit

TheStreet NG - 0
Nigeria's Dangote refinery, the $20 billion plant funded by Africa's richest man, is having trouble reaching its full refining potential
Telcos Want FG to Address Pricing Challenges, Others

Telcos Want FG to Address Pricing Challenges, Others

TheStreet NG - 0
Telecom operators in Nigeria have on Thursday urged the Federal Government to facilitate a constructive dialogue with industry stakeholders to address pricing challenges
Nigeria, 15 Other Countries Get $36.5m to Eliminate Trachoma

Nigeria, 15 Other Countries Get $36.5m to Eliminate Trachoma

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Nigeria and 15 other countries have been boosted with 36.5m dollars in new funding, to eliminate trachoma in their countries.
UN Agencies, Partners Inaugurate New Global Campaign to Boost Lifesaving Vaccinations

UN Agencies, Partners Inaugurate New Global Campaign to Boost Lifesaving Vaccinations

TheStreet NG - 0
Two UN agencies alongside the Bill and Melinda Gates Foundation and the global vaccine alliance Gavi launched a collaborative campaign to boost global vaccination programs, marking the beginning of World Immunization Week.