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19 Bank Workers Sacked, As Nigerian Banks Lose N1.17 billion To Fraud

Fears, Concerns For Nigerian Banks In 2022

December 14, 2021

ANALYSTS at Vetiva Research, in a new report, say that the operating environment in Nigeria will remain tough for Nigerian banks as a result of harsh interest rates, inflationary pressures, and potential competition from telcos, especially the new payment service banks (PSBs)

Markets

Renaissance Capital Projects Rise In Benchmark Interest Rate Next Year

December 14, 2021

Renaissance Capital Limited, a leading emerging and frontier market investment banking firm says the monetary policy committee of the Central Bank will likely raise benchmark interest rates next year to cushion steep headline inflation rate effects. In a presentation by Renaissance Capital’s

Finance & Economy·FEATURES

High Costs, Run-away Inflation Greet 2021 Yuletide

December 14, 2021

Majority of Nigerian households spend 196 per cent of their monthly income on Christmas There is an air of uncertainty among majority of the population as Nigeria’s inflation is set for the 8th consecutive monthly decline, yet financially embattled Nigerian consumers face

Femi Otedola Sells Geregu Shares After Plan To Acquire Transcorp Fails

Finance & Economy·News

Otedola Gets Upper Hand, Increases Shareholding To 7.5% In FBN

December 14, 2021

Billionaire investor and chairman of Geregu Power Plant, Femi Otedola has announced an increase in his shareholdings of FBN Holdings, (First Bank parent company) to 7.57per cent. This was disclosed in a letter to the bank by Mr Otedola dated December 9,

Finance & Economy

Access Bank’s Shareholders Think Restructuring To HoldCo Dec 16

December 13, 2021

Shareholders of Access Bank Plc will be presented with the scheme of arrangement to restructure the bank to a holding company for approval at the Court-Ordered Meeting on December 16,

News

FBN Holdings MD Designate, Nnamdi Okonkwo Gets Baton Of Office

December 13, 2021

The immediate past head of Fidelity Bank, Nnamdi Okonkwo, who was recently appointed group managing director of FBN Holdings Plc has received the baton office to steer the ship of the company when the outgoing MD, U.K Eke finally bows out.

News

UAE Bans Nigeria, DR Congo, Passengers Over COVID-19

December 13, 2021

The United Arab Emirates (UAE) has issued a travel restriction on passengers from Nigeria and the Democratic Republic of Congo over COVID-19.

News

Abuja DisCo Gets New Interim Management Board

December 13, 2021

Abuja Electricity Distribution Company (AEDC) has unveiled a new interim management board to steer the ship of the company.

Sports

UCL Round of 16 Draws: PSG Face Real Madrid, Atletico Madrid, Inter Milan Get Man United, Liverpool Tests

December 13, 2021

Draws for the Round of 16 stages of the UEFA Champions League was held in Nyon, France on Monday afternoon with some great games in prospect. Sadly for football faithful around the world, there will be no face-off between Lionel Messi and

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Latest

Fears, Concerns For Nigerian Banks In 2022

Renaissance Capital Projects Rise In Benchmark Interest Rate Next Year

High Costs, Run-away Inflation Greet 2021 Yuletide

Otedola Gets Upper Hand, Increases Shareholding To 7.5% In FBN

Access Bank’s Shareholders Think Restructuring To HoldCo Dec 16

FBN Holdings MD Designate, Nnamdi Okonkwo Gets Baton Of Office

UAE Bans Nigeria, DR Congo, Passengers Over COVID-19

Abuja DisCo Gets New Interim Management Board

UCL Round of 16 Draws: PSG Face Real Madrid, Atletico Madrid, Inter Milan Get Man United, Liverpool Tests

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