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World Bank Proposes N750 Per Litre For Petrol Price In Nigeria

World Bank Proposes N750 Per Litre For Petrol Price In Nigeria

Seven months after the removal of fuel subsidy in Nigeria, the World Bank on Wednesday said the price of petrol should be around N750 per litre more than the N650 per litre currently being paid…

Stanbic IBTC Bank Re-Registered As Private Liability Company

Stanbic IBTC Holdings Plc on Wednesday announced that its banking subsidiary, Stanbic IBTC Bank, has been re-registered as a private company limited by shares. The bank made the announcement in a corporate notice filed with…

Banking Industry Total Assets Climb 47.21% As NPLs Decline

Banking Industry Total Assets Climb 47.21% As NPLs Decline

The Central Bank of Nigeria (CBN) has revealed that the total Assets of the banking industry increased by 47.21 per cent to N30.92 trillion just as the industry’s Non- Performing Loans (NPLs) declined to 4.1…

Fidelity Bank’s Half-Year Profit Hits 166% Amid Forex Reforms

Fidelity Bank’s Half-Year Profit Hits 166% Amid Forex Reforms

Fidelity Bank Plc turned in its biggest first-half net profit for the six months to June, riding on the wave of upward interest rate adjustments and a dramatic weakening of the naira by the Nigerian authorities.