In furtherance of the need to empower female business owners across the country, The ELOY Foundation, in partnership with FirstBank presents the ELOY Foundation Business Shower, created to support female entrepreneurs on their journey to building sustainable businesses. The support…
FIRSTBANK secures $150 million Afreximbank Pandemic Trade Impact Mitigation Facility (PATIMFA) to support businesses in Nigeria
13 June 2022 – African Export Import Bank (Afreximbank) has announced the disbursement of a US$150 million finance facility to First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider. The funding was provided under Afreximbank’s Pandemic Trade…
BREAKING: Malabu: Nigeria loses $1.7 billion JP Morgan Chase case
Judge Sara Cockerill ruled Tuesday that the Nigerian government could not show that it had been defrauded in the case. Nigeria has lost its $1.7 billion claim against JP Morgan Chase Bank over the transfer of proceeds from the sale…
Google announces accelerator programme for women-led start-ups
Synopsis: The programme will focus on issues such as access to networks, funding, hiring challenges and mentorship, which many female founders face due to a variety of factors, including low representation. New Delhi: Google India on Tuesday announced the launch…
Nigeria’s Largest Stock Exchange Plans to Adopt Blockchain for Settling Trades
Young Nigerians have made up a large part of crypto trading volume, and they tend to ignore local exchanges, according to Paxful. The largest stock exchange in Nigeria – Nigerian Exchange Ltd. – will reportedly roll out a blockchain-enabled trading…
Stock market investors gain N158bn
Investors’ shares in the Nigerian stock market rose by N158bn last week as 29 firms recorded price appreciation. The All-Share Index of the Nigerian Exchange Limited and market capitalisation increased by 0.55 per cent to close the week at 53,201.38…
Bitcoin & Ether Post Double Digits Losses – Crypto Market Cap Tumbles
Bitcoin tests an 18-month low as speculative assets tumble Ethereum runs out of options after falling below $1000 Sentiment steps back, is this week make or break? Since peaking in November last year, Bitcoin has remained under pressure amid an…
ABCON decries multiple exchange rates, seek CBN’s support
The President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, has decried multiple exchange rates existing in the Nigerian financial system and urged the Central Bank of Nigeria (CBN), to use Bureaux De Change…
Bargain hunting persists as gains in 16 stocks lift indices by N100b
Price gains in 16 stocks yesterday, sustained the bullish profile of the Nigerian Exchange Limited (NGX) as market capitalisation increased further by N100 billion. The All-Share Index (ASI) grew by 184.42 absolute points, representing a growth of 0.35 per cent…
*FirstBank – Reaping the Benefits of a Solid Legacy*
FirstBank delighted investors with a pleasant surprise when it announced stellar results confirming that its turnaround strategy pinned on the pillars of innovation, resilience and digging deep is working. Its profit after tax spiked 108% to N32.4billion on the back…