The failure of three banks to declare dividends for shareholders in their 2025 full-year financials has been blamed on bad loans, with Nestoil Limited, an indigenous oil giant, accounting for …
FinanceNews
Category:
Finance
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BankingFinanceLawNews
FCT High Court dismisses FHT Mega Express suit against Parallex Bank & awards cost of N500,000 against the company in favour of the Bank
by Reporterby Reporter 3 minutes readThe Federal Capital Territory High Court has dismissed in its entirety the suit filed by the logistics firm, FHT Mega Express Limited against Parallex Bank Limited, wherein the company claimed …
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BankingFinance
Remita begins API key resets amid alleged hack exposing KYC data of Nigerians
by Reporterby Reporter 2 minutes readRemita, a Nigerian payment platform used to process salaries of most government and private sector workers, has asked its partners to urgently regenerate their API credentials and whitelist their IP …
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BankingFinanceNews
BREAKING: Nigerian Data Watchdog Probes Remita, Sterling Bank over alleged breach of citizens’ personal information
by Reporterby Reporter 2 minutes readThe Nigeria Data Protection Commission (NDPC) has launched an investigation into an alleged data breach involving prominent financial technology firm Remita Payment Services Ltd. and Sterling Bank, according to SaharaReporters. …
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AwardFinanceInvestmentNews
DealMakers AFRICA 2025: Celebrating West Africa’s power players in finance and deals
by Reporterby Reporter 8 minutes readLAGOS, Nigeria, March 20, 2025 The pulse of West Africa’s financial elite came alive in Lagos as industry leaders gathered for the prestigious DealMakers AFRICA Annual Gala Awards, an evening …
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BusinessFinanceInvestment
Evaluating Truforte Business Group’s brokerage services for small business acquisitions
by Reporterby Reporter 4 minutes readWhen small business owners look to buy or sell a business, navigating the complexities of the market demands expertise. Truforte Business Group presents itself as a potential ally in this process, offering …
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BankingFinanceNewsPropertyReal Estate
FirstBank makes home ownership possible for Nigerians with single-digit interest rate loan
by Reporterby Reporter 2 minutes readFor millions of Nigerians, homeownership has long felt like an ambition deferred. Squeezed by rising property prices, persistent double-digit inflation and high commercial lending rates, the dream of owning a …
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EconomyFinanceNews
Odu’a Investment targets N1trn assets, N30bn profit by 2030 in new roadmap
by Reporterby Reporter 3 minutes readThe Odu’a Investment Company Limited (OICL) has unveiled a five-year strategic roadmap targeting N1 trillion in total assets, N50 billion in group revenue, and N30 billion in profit before tax …
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BankingFinanceNews
First Holdco Plc – Taking the bull by the horn with a record impairment charge; grows gross earnings to N3.4 trillion
by Reporterby Reporter 3 minutes readFor The Unaudited Full Year Ended December 31, 2025 First HoldCo Plc has announced its unaudited financial results for the year ended 31 December 2025, reflecting a year of …
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BankingFinanceLawNews
Abuse of Court Process: Parallex Bank urges Court to dismiss FHT Mega Express’ N7.15bn suit
by Reporterby Reporter 4 minutes read* Alleges forum shopping, suppression of material facts, and multiplicity of proceedings as court fixes February 4, 2026, for hearing A leading new generation financial institution in Nigeria, Parallex …