Q1 2021: Cornerstone Insurance grows profit 39% to N688m despite paying N1.63bn claim Despite paying higher claims totaling N1.63 million in the first quarter...
MPC retains MPR at 11.5%, other parameters unchanged The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted unanimously to...
CBN reviews capital base for payment firms The Central Bank of Nigeria (CBN) has set new capital requirements for payment firms in the country....
FirstBank wins 3 awards at Global Banking & Finance Awards First Bank of Nigeria Limited, has been awarded the 2021 ‘’Retail Banking CEO of...
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...
