Court Freezes Nestoil Assets in $1B Debt Case
Federal High Court issues Mareva injunction against Nestoil, freezing company assets amid explosive $1 billion debt case with Sahara Energy. Legal battle reveals corporate financial tensions.
Category : Banking
NB Hits ₦1.04 Trillion Revenue in 9 Months
Nigerian Breweries Plc achieves unprecedented financial performance with ₦1.04 trillion revenue in nine months, showcasing remarkable growth despite economic challenges.
FirstBank Redeems $350M Eurobond, Shows Financial Strength
Nigeria's premier banking institution, FirstBank, has successfully redeemed its $350 million Eurobond, demonstrating robust financial health and reinforcing investor confidence in the Nigerian banking sector.
Nigeria Needs Supportive Regulators for Treasury Excellence
Financial experts reveal how supportive regulators could transform Nigeria's treasury management landscape, driving economic growth and attracting crucial investments.
UBS Beats Expectations with $1.8 Billion Profit
Swiss banking powerhouse UBS delivers stunning Q1 results, exceeding expectations with $1.8 billion profit and recovering massive provisions. Nigerian investors watch closely as global banking shows strong recovery signs.
Deutsche Bank Posts Record €5.7 Billion Profit
Germany's banking giant Deutsche Bank reports historic €5.7 billion profit driven by strong trading and investment banking performance in 2023.
Access Holdings Buys National Bank of Kenya for ₦179B
Nigerian financial giant Access Holdings PLC has finalized a historic acquisition of National Bank of Kenya, marking one of Africa's largest cross-border banking transactions worth ₦179 billion.
Santander Bank Posts Record €11.1 Billion Profit
Spanish banking giant Santander reports historic €11.1 billion profit for 2023, driven by strong European and American markets. See how this impacts global banking.
Recover Money Sent to Wrong Bank Account in Nigeria
Sent money to wrong bank account in Nigeria? This comprehensive guide reveals exactly what to do immediately, your legal rights, and how to successfully recover your funds from Nigerian banks.
DLM Funding SPV PLC Announces Major Capital Raise
DLM Funding SPV PLC reveals groundbreaking funding initiative with CBN approval, offering Nigerian investors access to high-yield debt securities through major stockbrokers.
Nigeria's Money Supply Drops 1.58% in September
CBN's aggressive monetary policy triggers significant decline in money supply during September, signaling tighter financial conditions for Nigerian businesses and consumers.
GTCO Records ₦900.8 Billion Profit in Q3 2024
Guaranty Trust Holding Company Plc (GTCO) announces exceptional financial performance with Profit Before Tax hitting ₦900.8 billion in Q3 2024, showcasing remarkable growth and market leadership.
Bank MD Jailed: 12-Year Sentence for N135M Fraud
A Nigerian High Court has convicted and sentenced a bank Managing Director to prison for misappropriating customer funds totaling N135 million in a landmark financial crime case.
Naira Surges: GTBank, UBA Cut Dollar Rates
Nigeria's currency surges against USD, reaching strongest level in months as major commercial banks reduce rates following EFEMs platform introduction.
APPNL Gets Dual Credit Rating Upgrades
Africa Prudential PLC receives simultaneous rating upgrades from two leading agencies, signaling strong financial health and enhanced market confidence in Nigeria's business services sector.
ICAN UK Chapter Now Has Over 550 Registered Members
The Institute of Chartered Accountants of Nigeria UK chapter reveals impressive membership growth with over 550 professionals now registered in their updated database, strengthening Nigerian accounting presence globally.
Lapo MFB Drives Climate Resilience & Sustainable Finance
Lapo Microfinance Bank takes center stage in driving crucial conversations about climate resilience and sustainable financial practices across Nigeria's economic landscape.
Nigeria's FATF Delisting: Economic Implications
Expert analysis reveals the significant implications of Nigeria's removal from FATF grey list and the crucial next steps for maintaining financial integrity.
Nigerian Banks Lose Billions to Fraud in 2025
New data reveals alarming fraud cases across Nigerian banks with millions disappearing through digital channels. Discover the banks most vulnerable to financial crimes and what this means for customers.
Ecobank Leads Nigeria's Top Banks in Customer Deposits
New data reveals Nigeria's top 10 banks by customer deposits, with Ecobank leading the pack. Discover which financial institutions Nigerians trust most with their money and the staggering amounts involved.
Forex Broker Comparison Guide for Nigerian Traders 2024
Master forex trading in Nigeria with our comprehensive broker comparison. Learn how to analyze fees, spreads, and trading services to maximize your profits in the Nigerian market.
Sterling HoldCo Profit Soars 127% in Stunning Growth
Sterling Financial Holdings Company reports explosive 127% profit growth, reaching ₦21.8 billion as assets surpass ₦2.1 trillion in latest financial results.
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