Business
Fitch affirms rating on FBN Holdings, First Bank
FirstBank By Babajide Komolafe Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of FBN Holdings Plc (FBNH) and its subsidiary, First Bank of Nigeria Ltd (FBN), at ‘B-’ with
E-payment transactions in Q1 2021 rise 82% to N66trn
Banks grow e-payment income by 51% to N53bn Account maintenance fees up 60% to N30.9bn By Babajide Komolafe & Elizabeth Adegbesan Nigeria’s financial system has recorded further surge in the value of
Shares of Access, FBN, Zenith contribute 43% to total equities turnover
Transactions in the shares of Access Bank Plc, FBN Holdings and Zenith Bank Plc accounted for 609.988 million shares worth N6.593 billion in 4,870 deals at the end of last
Underwriters settle N4 billion #EndSARS protest claims
The Nigerian Insurers Association (NIA) has said that insurance companies in the country paid N4 billion as claims arising from over 2,000 businesses affected by the #EndSARS protests. The post
Recyclan Empower partner to supply traceable, blockchain secured feedstock of post-consumer pet
Recyclan, the market leader in sustainable recycled PET supply from Africa, today announces a partnership with EMPOWER to set a new standard in the transparent The post Recyclan Empower partner
PFAs eye alternative investment options to boost revenue uptake
Pension fund administrators (PFAs) in the country have concluded plans to look for an alternative investment option in bonds and treasury bills to increase returns on investments The post PFAs
Transcorp Hotel to increase visibility across Africa
Transcorp Hotels Plc has assured that it will continue to invest in new businesses and asset-light initiatives as well as increase its footprint across Africa leveraging cutting-edge technology. The post
Insurer reports N19.7b gross premium in Q1
AIICO Insurance Plc has announced that its gross written premium (GWP) grew by 12.2 per cent year-on-year (Y-o-Y) to ₦19.7 billion in the first quarter of 2021 (Q1 2021) The
Keystone commends Nasarawa farmers, says group deserves more support
The management of Keystone Bank Limited has commended the expansion project of farmers in Nasarawa State after visiting the farm on Wednesday, saying the team was impressed The post Keystone
Allianz acquires 65% stake in Jubilee Insurance
Allianz has announced the completion of the acquisition of a 66 per cent stake in Jubilee Holdings general insurance arm in Kenya for an undisclosed amount making it the majority
