Oil prices jump, stocks fall over inflation, Russia concerns

Oil and gas prices surged while stock markets fell on Wednesday on renewed fears over Russian energy supplies and soaring inflation. Crude futures jumped more than four percent with Brent North Sea, the international benchmark, exceeding $120 per barrel. The…

FIRSTBANK REWARDS CUSTOMERS WITH 50 MILLION NAIRA WORTH OF PRIZES IN VERVE CARD CAMPAIGN 

FirstBank, Nigeria’s leading financial inclusion services provider has urged its customers to take advantage of the Bank’s ongoing Verve Card campaign designed to reward customers for their continued usage of the Verve debit Card. The Eight-week promo will end on…

The SPARK of kindness that is impacting communities through FirstBank staff initiatives

Have you seen the videos on this link: https://www.firstbanknigeria.com/home/impact/crs-week/? Piece of advice: Please hold your handkerchief or make sure there is a good supply of tissue paper while you view. The initiative that inspired the efforts and results seen in the…

FIRSTBANK REWARDS CUSTOMERS WITH 50 MILLION NAIRA WORTH OF PRIZES IN VERVE CARD CAMPAIGN

FirstBank, Nigeria’s leading financial inclusion services provider has urged its customers to take advantage of the Bank’s ongoing Verve Card campaign designed to reward customers for their continued usage of the Verve debit Card. The Eight-week promo will end on…

GTCO Reports N175bn Profit In 2021

Guaranty Trust Holding Co (GTCO) Plc has released its first Full-Year (FY) financial result as a group, which revealed a profit of N175 billion in 2021, reflecting a 13.21% decrease year on year. A breakdown of the annual result submitted…

UBA’s profit rose to N153bn in 2021 – Report

United Bank for Africa Plc said it recorded N153bn profit for the 2021 financial year ended December 31, 2021. This was disclosed in a statement, titled ‘UBA delivers N153bn profit, records 11 per cent balance sheet growth’, and filed by…

Ukraine invasion: Over 8,000 staff affected as KPMG, PwC suspend operations in Russia

PricewaterhouseCoopers (PwC) and KPMG International Limited have announced plans to exit Russia after 30 years of doing business in the country amid the invasion of Ukraine. In separate statements on Sunday, PwC said its Russian business with its 3,700 partners and…

NNPC moves to acquire FG’s power plants, meets BPE

The NNPC’s Group Managing Director, Mele Kyari, disclosed this when he led the management team of the oil company on a courtesy visit to the Bureau of Public Enterprises in Abuja, according to a statement by the BPE issued in…

‘There’s no cancellation’ — Seplat Energy says ExxonMobil deal still intact

Seplat Energy Plc says its deal with ExxonMobil Corporation is valid and subsisting. Seplat Energy responded to media reports which claimed the Nigerian National Petroleum Company (NNPC) Limited had exercised a right of pre-emption under the NNPC/Mobil Producing Nigeria Unlimited…

Press Release – FirstBank Partners with CDC/BII to Support Women and Small Business Owners with a US$100 million Credit Facility

Facility to strengthen FirstBank’s commitment to gender financing with US$30 million targeted to women-owned and led businesses. Partnership will enhance funding to local SMEs to boost growth and promote financial and social inclusion across Nigeria The facility adds US$100 million…