By Marcel Okeke A seemingly innocuous ‘war’ has been raging in the Nigerian financial services space for quite some time now: the ‘war’ to checkmate the...
The Bank of Industry Group (BoI) has reported a profit before tax (PAT) of N62.28 billion for the financial year ended December 31, 2021, 75 per...
Sovereign Trust Insurance Plc’s profit after tax rose by 42 per cent to stand at N974 million in the 2021 financial period. The Managing Director and...
The gross written premium of AXA Mansard Insurance Plc, a member of the AXA Group and a global insurance and asset management firm, rose by 27...
Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has launched a life insurance campaign with the theme ‘The good life’. The firm said the campaign...
The Central Bank of Nigeria (CBN) has granted MTN the final approval to operate as Momo Payment Service Bank Limited (Momo PSB). This was disclosed in...
About N54.98 trillion was processed through Nigeria’s electronic channels in the first two months of 2022, according to data from the Nigeria Inter-Bank Settlement System (NIBSS)...
The National Pension Commission (PenCom) and the Pension Operators Association of Nigeria (PenOp) are planning to provide free health insurance for contributors of the micropension scheme....
Shareholders of Guaranty Trust Holding Company (GTCO) Plc have unanimously endorsed the payment of a total dividend of N3 per share for the financial year ended...
A mortgage bank with headquarters in the Federal Capital Territory, Abuja, has lost prime properties valued at about N2 billion for defaulting on a loan obtained...
The Central Bank of Nigeria (CBN) has imposed an N800 million fine on three Deposit Money Banks (DMBs) in the country for violating regulations barring customers...
Shareholders have approved the payment of 2.80k dividend per share by the board of Zenith Bank which added to the earlier interim dividend of 30k to reach a...
The world’s banking systems saw significant capital increases ahead of the pandemic and are resilient to very large shocks. The Global Bank Stress Test is a...
Loans are meant to provide individuals or organizations with additional money to cover their expenses and other obligations—It is then paid back over an agreed period...
The Bank of Industry (BoI) has said it is currently shopping for $6 billion from foreign investors to improve the nation’s real sector. According to the...
The National Pension Commission has vowed to sanction Pension Fund Administrators (PFAs) over the spate of delays in the payment of pension benefits, among other related...
Leading telecoms operator in the country, MTN Nigeria has revealed that its paid 45.92 per cent of its total revenue in 2021 as taxes into government...
Despite oil rally, Nigeria’s foreign reserves dipped by $145.51 million week-on-week to close at $39.52 billion as at March 24, latest data obtained from the Central...
With technology now driving financial services and inclusion, embedded finance has just become another innovative way of tech application to further establish an ecosystem for what...
The National Insurance Commission (NAICOM) has restated that it is working on strategies to reduce failure of insurance companies in the country to pay claims to...