Stanbic IBTC Commits 27% of N148.71bn Rights Issue to SMEs and Commercial BankingStanbic IBTC Holdings Plc has announced that 27% of the proceeds from its ongoing N148.71 billion rights issue will be ...
Economic & Corporate NewsInflation Data on the HorizonInvestors are bracing for critical inflation data:Producer Price Index (PPI): Scheduled for release Tuesday.Consumer Price Index (CPI): Expect...
NGX Breaks Records with N12.2 Trillion Raised from Bonds & Listings in 2024! The Nigerian Exchange Limited (NGX) marked a significant milestone in 2024, recording a total of N12.17 trillion f...
Jefferies Financial Group Posts Strong Q4 Earnings and Boosts DividendJefferies Financial Group delivered robust financial results for the fourth quarter of fiscal 2024, reflecting significant growth ...
Smaller Banks Face Daunting Recapitalization Challenges Amid New CBN Mandates Detailed Breakdown:Key Points from Analysts:• Pressure on Smaller Banks:Afrinvest Securities Limited has warned tha...
Eight Nigerian Banks See Market Value Surge to ₦7.2 TrillionAs of December 24, 2024, the total market capitalization of eight major Nigerian banks rose to ₦7.20 trillion, reflecting a ₦109.10 bi...
CBN’s Rising MPR: Fighting Inflation or Straining Growth? The Central Bank of Nigeria (CBN) has consistently increased the Monetary Policy Rate (MPR) since February 2024 to combat runaway infla...
NGX Cracks Down: 3,792 Sanctions Issued Over 13 Years Key Highlights• The Nigerian Exchange Group (NGX) has imposed 3,792 regulatory sanctions on stockbroking firms between 2011 and 2023.• 19...
Nigeria’s Inflation Rate Surges to 34.60% in November 2024 The National Bureau of Statistics (NBS) has reported a further increase in Nigeria’s inflation rate, which rose to 34.60% in Novembe...
ASSIBIFI Advocates Worker Protection Amid Banking Sector Recapitalisation The ongoing recapitalisation in Nigeria’s banking sector is reshaping the industry, and the Association of Senior Staff...