JP Morgan To Establish Full Banking Branch In Nigeria
JP Morgan, an American bank, is planning to transform its Lagos representative office into a fully-fledged business branch as part of a broader strategy to expand its presence across Africa.…
Bank Of America Mortgage Applications Jumped 80% In Q1
The yield dipped to about 3.6% in September, the lowest since June 2023, Bank of America saw an 80% jump in mortgage applications between January and March, its executive of consumer…
DMO Crosses ₦1tn Sukuk Bond Issuance
It plans to raise N300 billion through Series Seven (VII) Sovereign Sukuk issuance for capital projects nationwide. Nigeria’s Debt Management Office (DMO) has surpassed N1 trillion in sovereign Sukuk bond…
Shell Cuts Spending, Boosts Shareholder Distribution
The oil major has a $3.5 billion buyback for the current quarter. Shell’s Chief Executive Officer, Wael Sawan has been focused on cutting costs and pivoting the company back to…