Banking and Finance

FBN Holdings Plc has announced a change in its brand name to First HoldCo Plc (FirstHoldCo). The company in a statement by its Secretary, Adewale Arogundade, said the change will be implemented across all its subsidiaries. It said the rebranding marked a significant milestone…

The Central Bank of Nigeria (CBN) says its recently announced policy imposing charges on cash withdrawal by customers from Automated Teller Machines (ATMs) of banks other than theirs, is mutually beneficial to both the banks and customers. CBN’s Acting Director, Financial Policy and…

Keystone Bank has confirmed that it is now fully owned by the Federal Government of Nigeria, stating that the takeover will enhance its stability and facilitate a smooth recapitalisation process. The bank disclosed this in a statement on its Instagram page on Tuesday…

The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has identified blockchain technology as a key tool for improving efficiency and strengthening market regulation. Speaking during a session with a delegation from the Algorand Foundation at the SEC headquarters in…

The Securities and Exchange Commission (SEC) has reaffirmed its commitment to ensure investors get equitable access to financial services and investment opportunities. A statement by SEC said the commission’s Executive Commissioner, Corporate Services, Mrs Samiya Usman, made the commitment on Sunday. Usman said the…

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says the apex bank is determined to curb inflation and stabilise the nation’s economy. He stated this in Abuja during the Monetary Policy Forum 2025, featuring fiscal authorities, legislative, private sector, development…

FCMB Group Plc’s gross earnings experienced an increase of 53.93% year-over-year, December 31, 2024, rising to N794.8 billion compared to N516.3 billion reported for the year 2023. The company also reported a pre-tax profit of N117.2 billion for the year ended December 31,…

The Naira rose to N1,493 in the official foreign exchange market on Thursday. According to data published by the Central Bank of Nigeria (CBN), the exchange rate for the Nigerian Foreign Exchange Market (NFEM) fell to N1,493 per dollar from N1,506 per dollar…

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said inflation would have risen to 42.81 per cent by December 2024 if not for the bank’s policy interventions. Cardoso who spoke at the 2025 Monetary Policy Forum, also projected that diaspora…