By Seun Ibiyemi Shareholders of First HoldCo Plc may receive dividends again at the end of the current financial year as the company projects improved earnings and stronger capital positions across its subsidiaries. The Group Managing Director and Chief Executive Officer of First HoldCo, Wale Oyedeji, gave the assurance during the company’s 14th Annual General…
By Seun Ibiyemi Abbey Mortgage Bank Plc has reaffirmed its commitment to sustainable growth, innovation and long-term value creation following the successful conclusion of its 34th Annual General Meeting (AGM). The AGM, held on May 25, 2026, brought together shareholders, board members, management, regulators and other stakeholders to review the bank’s performance, strategic direction and…
By Seun Ibiyemi Fidelity Bank Plc recorded a 37.9 per cent increase in gross earnings to N434.95 billion in the first quarter of 2026, reflecting continued expansion in its core banking operations. The bank disclosed this in its interim report and accounts for the three months ended March 31, 2026, released on the Nigerian Exchange….
United Bank for Africa (UBA) has inaugurated a four-storey Innovation Hub and Business Office at the University of Lagos (UNILAG), in a move aimed at strengthening collaboration between industry and academia while promoting innovation, research and youth development. The facility, located within the university campus, was officially unveiled on Monday and is designed to serve…
By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to strengthening its Deposit Insurance Funds (DIFs) to enhance the stability and resilience of Nigeria’s financial system. Managing Director and Chief Executive of the Corporation, Thompson Oludare Sunday, made this known during a courtesy visit to the Director-General of the Budget Office…
By Seun Ibiyemi The Nigerian naira closed the trading week ended May 22, 2026, with a mixed but largely stable performance across the foreign exchange market, as improved liquidity and continued policy support helped reduce extreme volatility, even though underlying demand pressures persisted. Data from trading activities across the official and parallel markets showed that…
By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to youth leadership development and stronger collaboration between academia and industry through a strategic immersion programme organised in partnership with Nile University of Nigeria. The initiative, known as the Executive Industry Immersion Challenge (EIIC), brought together students of the executive MBA programme…
By Seun Ibiyemi Wema Bank has reaffirmed its ambition to join Nigeria’s tier-one banking league in the near future following a strong rise in profitability and fresh capital injection aimed at accelerating growth. Speaking at the bank’s Annual General Meeting (AGM) in Lagos, the Managing Director of Wema Bank, Moruf Oseni, said the bank’s management…
… Nigeria’s external reserves rebound to $49.49 billion in May …CPPE lauds CBN for retaining interest rate at 26.5% amid global economic uncertainty By Seun Ibiyemi The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 per cent following the conclusion of its 305th…
By Seun Ibiyemi The Nigerian Naira traded within a relatively stable range in today’s foreign exchange market, as continued interventions by the Central Bank of Nigeria (CBN) and steady dollar inflows helped cushion pressure on the local currency. Market data indicated that the naira hovered around ₦1,350–₦1,380 per US dollar across official and parallel market…
