Union Bank’s galloping horse finally gets into stable at Titan Trust
Onome AmugeJune 7, 2022
BY ONOME AMUGE It’s all done now. Titan Trust Bank Limited (TTB) formalised its majority stake acquisition of 89.39 percent of the bank with a galloping horse, Union Bank of Nigeria (UBN) Plc, taking it into its stable, thus officially becoming the controlling investor and majority shareholder in Nigeria’s second oldest bank. The off-market deal, […]
FCMB offers Nigerians low interest vehicle financing loans
Grace AirhuleJune 7, 2022
BY GRACE AIRHULE First City Monument Bank (FCMB) has introduced auto loans of up to N30 million for its customers and interested individuals at a reduced interest rate of N500,000 for a repayment period of up to five years. The initiative, according to the financial services holding company, is to enable Nigerians access and acquire […]
Macro dynamics leave CBN helpless as reserves drop $945m in 30 days
Businessam StaffJune 6, 2022
Business a.m. In the face of ongoing pre-election activities Nigeria’s foreign exchange reserves have continued their free fall and it’s now at $38.48 billion despite the positive rally in the price of oil to about $115 per barrel. Nigeria’s weak oil production capacity and its low investment into the oil and gas industry have continued […]
Scope Markets Review – A beginners Guide
Businessam StaffJune 6, 2022
Scope Markets is a regulated trading broker that provides traders in Kenya with the opportunity to engage in online Forex and CFD trading through the highly advanced and powerful MetaTrader 5 (MT5) platforms, which are available for use on desktop computers, the web, and mobile devices. In this comprehensive review we provide beginner traders in […]
Understand the Difference Between Breadth and Depth when Choosing an MSP
Businessam StaffJune 5, 2022
When it comes to selecting a Managed Services Provider for your business, you want to make sure your MSP can work with a variety of technologies. If your provider’s knowledge has a short breadth, you will be limited to the technologies your MSP knows. So, you want a provider who can service a range of […]
The Benefits Of Using Sports Betting Apps
Businessam StaffJune 2, 2022
There are many reasons why people love sports betting. For some, it is a way to show support for their favorite team. And for others still, it is a way to have some fun and excitement in their lives. Whatever the reason, there is no doubt that sports betting is a popular pastime for many […]
High capital cost slows Ghana’s private health insurance sector
Businessam StaffMay 30, 2022
Dan Armooh, chief executive officer, Acacia Health Insurance, says the high cost of capital is thwarting the growth of the private health insurance industry in Ghana, and stressed that cheap capital would help the industry to flourish. Per Ghanaian Times, he is reported as saying that some private companies had collapsed due to financial difficulties. […]
Nigeria, S/A lead as Africa’s BNPL market to explode to $85.4bn by 2028
Maduabuchi EfegadiMay 30, 2022
BY MADUABUCHI EFEGADI Nigeria and South Africa, the continent’s two largest economies, with a combined gross domestic product (GDP) value of some $805.38 billion (nearly $1 trillion) are in frontline positions to lead a growth projection as Africa and the Middle East (MEA) region prepare to explode in the growing financial space known as Buy […]
FBNHoldings grows Q1’22 profit to N32.44bn as total earnings hit N180.6bn
Charles AbuedeMay 30, 2022
BY CHARLES ABUEDE First Bank Holdings, Nigeria’s oldest financial institution, has reported a solid 107.7 percent year on year surge in its first quarter profit to N32.4 billion in 2022, according to its financial statement filed to the Nigerian Exchange Limited at the weekend. It also reported a 32.2 percent jump in its gross earnings […]
CBN safeguards naira with $3.36bn in last two months – Report
Habeeb AdamuMay 30, 2022
HABEEB ADAMU Data obtained from the Central Bank of Nigeria (CBN) monthly report for January shows that it pumped a total of $3.36 billion into the foreign exchange market in the last two months in a bid to safeguard the stability of the naira. An examination of the report on ‘Foreign Exchange Market Development’, […]