The Central Bank of Nigeria(CBN), has disbursed cumulatively over N4.4 trillion in intervention funding to the private sector of the Nigerian economy as of July 2022. According to data compiled by Daily Sun from official statements contained in the monetary…
Banks drive 85% financial sector’s contribution to turnover
Three bank stocks – Sterling Bank Plc, Fidelity Bank Plc, and Access Holdings Plc – drove activities in the financial service sector of the Nigerian Exchange Limited (NGX) last week. With the development, the financial sector maintained its dominance in…
FirstBank commemorates its annual Corporate Responsibility & Sustainability week and promotes kindness across over 7 countries
The FirstBank CR&S Week is a dedicated week designed to offer opportunities for employees to give their time & resources to defined causes in line with the Bank’s CR&S strategic approach; The FirstBank CR&S Week is held in Nigeria and…
Naira begins new week on a negative note, exchanges N430 to dollar
The figure represented a decrease of 0.09 per cent compared with the N429.62 it exchanged for the dollar before the close of business on Aug. 12. The open indicative rate closed at N429.70 to the dollar on Monday. An exchange…
Mobile transactions in Nigeria hits N9.2 trillion in 7 months of 2022 – NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has revealed that bank customers in Nigeria transferred a total of N9.2 trillion over mobile devices between January and July this year. The 7 months data just released showed a surge in the usage…
Equities’ rebound lifts indices by N43 billion
Following gains recorded by BUA Cement and nine other stocks, the Nigerian Exchange Limited (NGX) rebounded yesterday, causing market capitalisation to inch up by N43 billion. In summary, the All-Share Index (ASI) grew by 80.03 absolute points, representing a rise…
FIRSTBANK COMMEMORATES 2022 INTERNATIONAL YOUTH DAY, DEDICATING THE WEEK TO CELEBRATING THE YOUTH
First Bank of Nigeria Limited has announced its commemoration of the 2022 International Youth Day, globally celebrated today, 12 August 2022 and themed “Intergenerational solidarity: Creating a World for All Ages.” The International Youth Day is commemorated every year on…
CBA FOUNDATION TAKES INTERVENTION AMONG UNDERPRIVILEGED WIDOWS TO THE NEXT LEVEL, WITH THEIR SOCIAL ENTERPRISE INITIATIVE
If indications from two separate but related events that were held few months ago are anything to go by, then one of Nigeria’s most vulnerable groups may be on the verge of experiencing better times. The events, hosted in two…
India’s Bharti Airtel posts 22% rise in quarterly revenue
BENGALURU, Aug 8 (Reuters) – Bharti Airtel (BRTI.NS), India’s second-biggest telecom operator, on Monday reported a 22.2% increase in quarterly revenue, boosted by 4G subscriber additions and higher data consumption. Average revenue per user (ARPU)– a key performance indicator in the…
Underwriter’s total assets increase to N12.8 billion
Despite the rising economic challenges in the country, underwriting firm, Capital Express Assurance, improved its total assets to N12.858 billion in the year 2021, compared to N11.95 billion recorded in the previous year. Speaking during the firm’s 21st yearly general…