By Afrinvest Research Global Macroeconomic Review & Outlook Recovery Weakens amid Resurging COVID-19 Cases The International Monetary Fund (IMF) in its January 2020 World Economic Outlook...
Sovereign Trust Insurance Plc. has released its third quarter results for the period ended September 30, 2021 and the underwriter posted double-digit growth in its key...
The Chartered Institute of Bankers of Nigeria (CIBN) has decried rising cyber-attacks on banks and other financial institutions, which it fears could undermine the industry’s gains....
The National Pension Commission (PenCom) has disclosed that Pension Fund Operators (PFOs) in the country generated a total earnings of N109.68 billion in the financial year...
State governments, private employers indicted 5.1 other accounts not properly documented The National Pension Commission has said that a total of 3.5 million retirement savings...
The former managing director of Fidelity Bank Plc, Nnamdi Okonkwo has debunked viral news that he was arrested by the Economic and Financial Crimes Commission, EFCC....
Fidelity Bank Plc has announced the introduction of a new savings campaign that will run till July 2022 and will see customers rewarded with cash prizes...
Economic experts in the country have reacted to the money and credit statistics report recently released by the Central Bank of Nigeria (CBN) which indicate significant...
Nigeria’s foreign exchange reserve sustained its decline as the Central Bank of Nigeria (CBN) stepped up its interventions in the FX market. Thus, the gross reserves...
According to news reports, Flutterwave, a digital payment platform, has acquired Disha, a content creator. This is Flutterwave’s first acquisition since it was launched in 2016....
The Central Bank of Nigeria (CBN) has reported that there was N2.907 trillion currency in circulation in Nigeria as at end-December 2020. This was disclosed in...
MTN Nigeria and Airtel Africa Plc have received approval in principle to operate payment service bank (PSB) in the country. The two leading telcos disclosed in...
Data from the CBN show that gross official reserves rose by USD5bn (13.7% m/m), to hit USD41.8bn last month, its highest point since October ’19. This...
Heritage Bank Plc has launched Octiplus App, a robust innovative and advanced digital banking experience, “Octiplus”. Octiplus is a bank-agnostic, all-in-one digital banking application, which grants...
First Bank of Nigeria Limited created FirstSME Account to add to its SME product family in support of small and medium scale business owners by sustaining...
Financial Inclusion in Nigeria has been further threatened Nigerian banks closed 234 branches and 649 Automated Teller Machines (ATMs) in 2020. The International Monetary Fund (IMF)...
By CSL Analysts The need for improved lending to the private sector amid the pandemic-induced economic shocks on many sectors of the economy cannot be...
The Nigerian banking sector’s credit to the private sector was topped by N425 billion in September as aggregate rose from the N33.4 trillion in August to...
Amidst controversy trailing the disappearance of eNaira Speed Wallet, the end user application for operating Nigeria’s Central Bank Digital Currency (CBDC), the app has reappeared on...
United Bank for Africa Plc (UBA) has reported that in the nine month period spanning January to September 2021, it received a total of N6.1 trillion...