COVID-19: IFC announces $2bn investment to lift Africa’s MSMEs The International Finance Corporation (IFC), a member of the World Bank Group, announced on Wednesday...
Polaris Bank Nigeria launches VULTe; a new Digital Bank Nigeria’s leading retail Bank Polaris has launched a digital bank called VULTe. Speaking at the...
Afreximbank closes historic $1.3bn bond African Export-Import Bank (Afreximbank), the continent’s financial giant, on Monday closed a $1.3 billion dual tenor bond issuance, the Bank’s...
NAICOM inaugurates working groups for IFRS 17 adoption The National Insurance Commission (NAICOM) has inaugurated the Sub Working Groups (SWGs) of the Insurance Industry...
AfDB president Adesina advocates finance of large scale youth-led businesses With Agency Report The African Development Bank (AfDB) has called on governments and private...
CIBN plans legacy projects across six geo-political zones The Chartered Institute of Bankers of Nigeria (CIBN) has approved plans to build a mini hall...
Pension administrators trade 12,681 RSA accounts worth N47.78bn in Q1 Transfer of Retirement Savings Accounts (RSA) among Pension Fund Administrators (RSA) in Nigeria hit...
PFAs stake N8.51trn pension funds on FGN securities As pension assets rebound to surpass N12trn Appetite for federal government securities among Pension Funds Administrators (PFAs)...
S&P Global Ratings sees stability in board changes at FBNH, Firstbank S&P Global Ratings said changes to the boards of First Bank of Nigeria...
UBA bags Bank of the Year award Pan-African financial institution, United Bank for Africa (UBA) Plc added to its growing list of laurels at...
Financial Inclusion: FirstBank’s Firstmonie agents hit 100,000 If you live in Lagos, Abuja or Port Harcourt, or you reside in any of the other state capitals,...
Pension assets dip by N7bn Latest report by the National Pension Commission (PenCom) has shown that aggregate pension assets in Nigeria took a dive...
FULL TEXT: Why we sacked FirstBank board — Emefiele Nigeria’s premier bank, First Bank, has for years been plagued by “bad credit decisions, significant and...
CBN Sacks FBN Board over removal of MD/CEO The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has sacked the entire members...
Great Nigeria Insurance paid N501.6m claim in Q1 Great Nigeria Insurance Plc (GNI) has revealed that it paid out the sum of N501.6 million...
Ecobank Group posts N40.3bn profits in Q1 It was a great start with renewed energy for Ecobank Transnational Incorporated (ETI) in 2021 as the financial...
Wema Bank hits N1trn asset valuation despite N13.51bn revenue shortfall Despite a recorded decline in its revenue in 2020, Wema Bank Plc has grown...
E-payment: Banks process N356.47trn in Q4 2020 alone A total volume of 3,464,811,083 transactions valued at N356.47 trillion was recorded in Q4 2020 as...
CBN to sanction banks, BDCs for rejecting old, lower dollar notes The Central Bank of Nigeria (CBN) has said it will sanction foreign exchange dealers that...
2020: Axa Mansard Insurance nets N6.04bn profit AXA Mansard Insurance plc, a member of the AXA Group has announced its audited financial results for full...