31
AugFidelity Bank to acquire Union Bank UK
Fidelity Bank Plc has notified the investing public that it has entered a binding agreement to acquire a 100% equity stake in Union Bank UK Plc, for which the Central Bank of Nigeria (CBN) had issued a letter of “No Objection”. The Union Bank UK commenced London operations in 1983 […]
31
AugStock market extends bearish trend, down by 0.07%
The Nigerian stock market on Tuesday extends the bearish trend as the All Share Index dropped by 0.07% to close at 49,642.69 points from the previous close of 49,676.75 points. The Market Capitalisation declined by 0.07% to close at N26.776 trillion from the previous close of N26.794 trillion, thereby sheddingN18[…]
30
AugUBA partners MFS Africa on innovative payment solutions
The United Bank for Africa Plc and MFS Africa have entered into a partnership that will enable both institutions offer innovative and timely solutions to a wide range of customers, especially in the area of remittances, electronic money services and SME payments. According to a statement, both financial institutions signed[…]
30
AugFG proposes N19.76tn as 2023 budget, petrol subsidy to continue till mid 2023
The Federal Government of Nigeria has proposed a budget N19.76 trillion for 2023 with a projected deficit of N11.30 trillion. According to the Minister of Finance, Zainab Ahmed, the government projected the total revenue of N8.46 trillion, out of which N1.9 trillion is expected to come from oil related sources[…]
