First Bank announces name change
First Bank of Nigeria Holdings PLC has changed its name to to First HoldCo Plc and FirstHoldCo, respectively. The decision, approved at the company’s 12th Annual General Meeting in November 2024, was officially announced on February 11, 2025. The company…
First Bank lays off 100 senior staff in major restructuring move
First Bank of Nigeria (FBN) has laid off about 100 senior staff members in a major organisational shakeup. According to a report by Nairametrics on Monday, sources familiar with the matter said the bank’s top executives were asked to leave…
Access Bank Set to Enter Moroccan Market Amid African Expansion
Telegram Doha – Nigeria’s largest bank by assets, Access Bank, has announced plans to establish operations in Morocco as part of its continental expansion strategy. The move comes after the bank successfully raised $228 million through a rights issue of…
CBN honours OPay for financial inclusion innovation
Nigeria leading financial institution OPay has been recognised with the prestigious International Financial Inclusion Conference (IFIC) Award for Financial Inclusion Innovation by the Central Bank of Nigeria (CBN). The award was presented at the 2024 IFIC, a flagship event that…
Why we will pick our rights, buy more, by UBA’s shareholders
Shareholders across Nigeria’s leading shareholders’ associations have embarked on massive mobilisations for the ongoing N239.4 billion rights issue by United Bank for Africa (UBA) Plc. A survey of shareholders and receiving agents showed that the N239.4 billion rights issue got…
UBA America celebrates 40th anniversary
United Bank for Africa Plc is celebrating 40 years of its American branch in fostering economic and cultural ties between Africa and the United States. According to the lender, established as a representative office in New York in 1982, UBA…
FG partners World Bank on power sector reforms
The Federal Government and the World Bank have expressed their commitment to providing electricity access to 300 million people across Africa by 2030. This was as they promised to implement critical reforms to boost productivity in the Nigerian power sector….
CBN sacks NIRSAL Executive Directors
The Central Bank of Nigeria (CBN) has terminated the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). The decision, approved by CBN Governor Olayemi Cardoso on Friday, marks the latest in a…
Court summons CBN gov
A Federal High Court in Abuja has summoned the Governor of the Central Bank of Nigeria and the Head of the Legal Services Department of the apex bank to appear before it with specific documents on Monday, September 2, the…
Geometric Power laments gas shortage
The management of the Geometric Power Plant has decried the acute shortage of natural gas supply to its 188-megawatt plant in the Osisioma Industrial Estate in Aba, Abia State, saying it is affecting the state’s economic growth. In a press…