30 results
- 7 Jun 2017
Google Brings Smart Charts to Sheets
Google is introducing a way for users to instantly visualise data using machine learning in Google Sheets. Sheets is similar to Microsoft's Excel; however, the document is hosted in Google Drive and…
- 26 Oct 2025
Afreximbank Targets $250bn Balance Sheet Growth in 10 years
The African Export-Import Bank (Afreximbank)’s shareholders have set an ambitious target to grow the balance sheet of the bank to $250 billion within 10 years. George Elombi, president of Afreximbank…
- 31 Oct 2025
UBA Reports N538Bn Profit After Tax in Q3 2025, Strengthens Balance Sheet
Following its recently released half-year financials, Africa’s Global Bank – United Bank for Africa (UBA) Plc, has announced its audited results for the third quarter ended September 30, 2025, where…
- 2 Dec 2019
CBN’s Order to Banks on Loans May Weaken Balance Sheets – IMF
International Monetary Fund (IMF) has said the directive from the Central Bank of Nigeria (CBN) that deposit money banks should achieve a minimum loan-to-deposit ratio could weaken their balance…
- 27 Aug 2026
MTN Mulls Banking Licences in Some Markets to Lend Directly to Subscribers
MTN Group, Africa’s largest telecommunications operator, has said that it is exploring banking licences in some of its markets as it considers using its own balance sheet to expand lending.
- 29 Mar 2023
FG Arraigns First Bank MD, Others over Alleged Forgery
Federal Government has charged First Bank of Nigeria Ltd, its managing director, and three other individuals with alleged forgery, according to report by bizwatchnigeria.ng. The charge sheet filed…
- 12 May 2026
Fidelity Bank Hits N1trn Milestone as Earnings Surge 45%
Fidelity Bank Plc has reported a 45 percent increase in gross earnings for the 2025 financial year, as the lender’s shareholders’ funds crossed the N1 trillion mark following sustained balance sheet…
- 11 Jun 2026
Access Holdings Affirms Long-Term Value Strategy @ 4th AGM
Access Holdings Plc has held its 4th Annual General Meeting (AGM), reaffirming its strategic transition towards long-term value creation, balance sheet resilience, and disciplined growth, even as it…
- 10 Aug 2016
CBN to Allow Banks Write-off Some Bad Loans this Year
Central Bank of Nigeria (CBN) is to allow banks to write-off bad loans this year that they have already made provisions for to help them to clean up their balance sheets. Pressure has been building…
- 26 May 2016
Ebonyi State, UDS Sign MoU Development Strategy
Following the signing of a term sheet for the purchase of Ere Egwa farms, last month, UDS Plc has signed the share subscription agreement to finalise the transaction. The company has now completed…
- 2 Mar 2016
IBM Plans to Sell $150m Worth of Lenovo Group Shares
Computing giant International Business Machines Corp plans to sell up to $150 million worth of shares in China's Lenovo Group Ltd (0992.HK), IFR reported on Wednesday, citing a term sheet of the deal…
- 24 Mar 2014
Mouka Announces Sleep Like a Millionaire Promo
Mouka Limited, manufacturers of mattresses, pillows, beddings sheets and other polyurethane products today announced the launch of a promotion tagged “Sleep like a Millionaire”, in its quest to…
- 4 Apr 2019
FCMB Eyes Debt Sale to Boost Capital
FCMB plans to raise tier II debt and retain profits this year to boost its balance sheet after the adoption of stricter accounting standards impacted its capital ratios, it said. The banking group…
- 22 May 2025
Fidelity Bank’s N10.5tr assets base reinforces stakeholders’ confidence -Insiders bid for more equity stakes
Fidelity Bank Plc added N1.63 trillion to its assets base within three months to strengthen its position as one of the seven largest banks in Nigeria, in terms of assets base. Regulatory filings…
- 21 May 2025
Fidelity Bank’s N10.5tr assets base reinforces stakeholders’ confidence
Fidelity Bank Plc added N1.63 trillion to its assets base within three months to strengthen its position as one of the seven largest banks in Nigeria, in terms of assets base. Regulatory filings…
- 4 Jul 2021
BBNaija Host Reveals Why Explicit Content was not Shown
Ebuka Obi-Uchendu, host of Big Brother Naija, has revealed why some scenes were not shown to viewers during the lockdown season. Ebuka Obi-Uchendu, host of Big Brother Naija, Ebuka, speaking on…
- 25 Mar 2019
UBA Hinges Future Performance on Cost Efficiency, Improved Asset Quality
United Bank for Africa (UBA) Plc, Pan African financial institution, has assured its local and international investors that it’s prudent focus on improved asset quality as well as the continuous…
- 21 Nov 2025
CBN’s N75 Trillion Credit Milestone to Private Sector Falls Flat as Productivity Crisis Deepens
By Blaise Udunze Nigeria’s financial system is flashing red, and not because of a scarcity of money. Ironically, the Central Bank of Nigeria (CBN) and the nation’s banking proudly tout a historic…
- 14 Jan 2026
The Missing Pieces in Nigeria’s Banking Recapitalisation
By Blaise Udunze Nigeria’s economy will be experiencing yet another round of reform; after the new tax implementation, the banking sector recapitalisation exercise will begin within less than three…
- 16 Oct 2025
How Nigerian Banks Built a N219 Trillion Asset Empire on Depositors’ Funds
By Blaise Udunze In the first quarter of 2025, Nigeria’s 10 largest banks proudly reported a combined total asset base of N218.99 trillion, up from N212.75 trillion at the end of 2024, according to a…
- 2 Jun 2016
Aviation Industry Profitability Improves- IATA
The International Air Transport Association (IATA) revised its 2016 financial outlook for global air transport industry profits upwards to $39.4 billion (from $36.3 forecast in December 2015). That…
- 19 Oct 2025
Richer Banks, Poorer Economy: The Hidden Crisis in Nigeria’s Financial System
By Blaise Udunze Across Africa, banks are getting bigger but not necessarily better. From South Africa’s Standard Bank to Morocco’s Attijariwafa and Egypt’s National Bank, financial institutions are…
- 18 Jan 2026
Zenith Bank Top Nigerian Bank Pick Ahead of GTCO, AccessCorp
Renaissance Capital Africa (Rencap) has named Zenith Bank Plc its top conviction pick among Nigerian banks, ahead of GTCO and AccessCorp, in a fresh research report highlighting the lender's robust…
- 4 Aug 2014
Global Digital Production Market Continues to Appreciate
According to new research from International Data Corporation (IDC), the worldwide digital production color market continued its unabated growth of top-line shipment value in 2013. The industry…
- 31 Jul 2022
NOVA Merchant Bank Grows Earnings by 25.7 Per Cent YoY, Reflecting Growth in Market Share
NOVA Merchant Bank Limited has announced its Audited Full Year 2021 financial results, showing an impressive 25.7% year-on-year growth in gross earnings to N17.03b (2020: N13.55b), as loans and…
- 29 Jun 2020
Unity Bank Repositions to Grow Profits
Unity Bank Plc said it is now positioned to increase lending activities and grow profitability. Its audited result and accounts for financial year ended December 31, 2019, of the lender showed…
- 7 Feb 2021
AXA Mansard Gets AM Best BBB- Rating
Rating agency, AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of AXA Mansard Insurance Plc. The outlook of these Credit…
- 14 Aug 2013
Banks Agree on N105Bn Sinking Fund to Clean Up Banking Mess
Deposit Money Banks (DMBs) in the country have agreed to set aside some N105 billion for a sinking fund to cover the cost of cleaning up the system after the 2008-2009 banking sector crisis and…
- 17 Jan 2013
SON Closes Chinese Warehouse over Inferior Aluminum Coils
Standard Organisation of Nigeria (SON) has sealed off Three Friends International, a warehouse belonging to a Chinese firm, over substandard aluminum coils. Mr. Bede Obayi, head, Inspectorate…
- 23 Oct 2018
AfDB Launches Landmark $500M Credit Insurance Deal with ATIA, UK Reinsurers
The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) announce the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s…