Loan Charges from Nine Banks Hit N4.8tn Nine Nigerian banks collectively earned N4.85tn in interest income on loans and advances to customers in the first nine months of 2024, marking a growth of 114.95 per cent compared to N2.26tn recorded in the same period of...

Tax Reform Bill: Attribution before Derivation I have been studying this tax reform bill for sometime now but my worry is heightening by the day. The truth is that Tinubu’s tax experts who worked on the bill has inputed so much into the bill which...

First Bank Appoints New Managing Director, Others First Bank of Nigeria Limited, the commercial banking division of the financial services group, has announced the appointments of Olusegun Alebiosu, Ini Ebong and Omotunde Alao-Olaifa as managing director/CEO, deputy managing director and non-executive director, respectively. The appointments followed...

First Bank Appoints Alebiosu Acting MD First Bank of Nigeria, one of the country’s oldest and most prestigious financial institutions, has made a sudden change in leadership with the appointment of Mr. Alebiosu as the acting Managing Director (MD), with effect from April 2024. The bank...

First Bank to Seek Shareholders’ Approval for N300bn Capital Raise   First Bank Holding Plc, one of the nation’s premier commercial banks, will seek shareholders’ approval to raise N300 billion in additional capital at the group’s Extraordinary General Meeting (EGM) scheduled to hold virtually on Tuesday,...

Bank of Ghana suspends FX trading Licences of two Nigerian Lenders The Bank of Ghana has suspended the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBN Bank Ghana Limited (FBN). The suspension takes effect from March 18, 2024, and it will...