Business

Regulators Seize First Republic Bank, Sell to JPMorgan Chase

First Republic Bank’s 84 branches in eight states will reopen Monday as branches of JPMorgan Chase Bank.

2 years ago

‘Unfounded Speculation’: CBN Debunks Reports It Plans to Phase Out Redesigned Naira Notes  

The bank stated that the speculation is unfounded and a ploy by some interests to cause panic among members of…

2 years ago

It’s Unreasonable for Nigeria To Jettison Fossil Fuels Now, VP Osinbajo Says 

“It's important that we must emphasise that while climate change is an existential threat, our energy poverty and our development…

2 years ago

Banks Shun ‘Payable on Death Mandate’ Requests from Customers, Set to Mop Up N500bn

POD is an arrangement between a bank and a client that designates beneficiaries to receive the client’s entire assets after…

2 years ago

Zenith Bank Delivers Strong Q1 2023 Results with Exceptional 41% Gross Earnings’ Growth

The growth in the topline was propelled by substantial increases in both interest income and non-interest income.

2 years ago

‘UBA on the Right Track’: Alawuba Recounts Successes Following Bank’s Shareholders Meeting

He accorded the bank’s successes to improved customer relations.

2 years ago

In Landmark Deal, Otedola Sells Transcorp Stake to Elumelu

Sources indicate Elumelu bought Otedola out at a premium said to be between 4 to 6 times the current market…

2 years ago

Tony Elumelu’s Indirect Interest in Transcorp Increases to 25.58%

Femi Otedola, has also purchased additional shares of the company.

2 years ago

World Bank Projects 21% Fall in Global Commodity Prices in 2023, Sharpest Drop Since COVID-19

Food prices to remain near-record high, energy prices to dip by 26%.

2 years ago