03

Apr

First Bank announces name change of its subsidiaries

First Bank of Nigeria Limited has announced that it has commenced a phased corporate name change for its subsidiaries in the United Kingdom and Sub-Saharan Africa. The name change was being implemented to align the subsidiaries with the parent brand and to enjoy the strong heritage and brand equity built by FirstBank Nigeria in its 129 years […]

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03

Apr

Nigeria’s public debt profile rises to N46.25tn

Recent publication by the National Bureau of Statistics has revealed that Nigeria’s public debt stock which includes external and domestic debt stood at N46.25 trillion (US$103.11 billion) in Q4 2022 from N44.06 trillion (US$ 101.91 billion) in Q3 2022. This shows that public debt (in national currency) grew by 4.96% in Q4 2022. External debt stood at[…]

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31

Mar

Stock Market Review: March 31, 2023

The stock market on Thursday closed on a positive note with 1.51% growth, bringing the All Share Index and Market Capitalisation to 54,413.21 points and N29.642 trillion respectively. In a stock market review with Mr Gilbert Ayoola, a capital market expert, the following were discussed: Excerpts: The market on Thursday closed on a bullish note with 1.51% growth. What[…]

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