14 Deap Capital directors’ assets seized by AMCON over N1.6bn debt Following the ruling of Justice Chukwujekwu Aneke of the Federal High Court, Lagos, on January...
2020: Zenith Bank defies pandemic to post good numbers Despite the pandemic and economic distruption that characterized the year, Zenith Bank Plc posted good numbers....
Pension: Lagos pays N1.51bn to 292 retirees The Lagos State Government (LASG) has said it paid N1.51 billion to another set of 292 pensioners in...
Insurance sector contracted by 12.05% in Q4 – NBS The insurance sector contracted by 12.05 per cent in the fourth quarter of 2020, latest figures...
CIBN renews energy to address gaps in the banking industry The Chartered Institute of Bankers of Nigeria (CIBN) has relaunched its mentoring scheme to mould...
By PwC Analysts Economic Context The outbreak of COVID-19 pandemic led to a contraction of the Nigerian economy by -6.1% in Q2 2020 compared to...
External reserves shed $565m in 14 days The country’s external reserves dipped by $565 million from $36.198 billion as of February 1, to $35.633...
CBN moves to regulate Open Banking in Nigeria The Central Bank of Nigeria (CBN) in line with its mandate to promote financial system stability has...
African Alliance settles N967m claims in 40 days Foremost life insurer, African Alliance Insurance, has fulfilled obligations to its teeming customers with the payment...
FirstBank MD, Adedutan rallies support for Nigerian SMEs Adesola Adeduntan, the managing director and chief executive officer of First Bank of Nigeria Limited, has...
Pays N375m claims to owner of helicopter Linkage Assurance Plc said it paid N375 millio hall insurance claim for the helicopter operated by Quorom Aviation...
Firstmonie Wallet launches Valentines Day promo In sharing love this valentine season, Firstmonie Wallet – the electronic wallet initiative by FirstBank – has promised to...
Senate to drill Emefiele over cryptocurrency ban The Senate has summoned the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, for a briefing...
NCC donates ICT tools to Nigerian Financial Intelligence Unit In keeping with its efforts to support Information and Communication Technology (ICT) usage to enhance operational...
FirstBank empowers its 86,000 banking agents to deepen financial inclusion In furtherance of the need to promote the business activities of its foremost agent banking...
A key subsidiary of Ecobank Transnational Incorporated (ETI) said it is seeking to raise capital from the international debt capital market through the issuance of Ecobank...
N8.13trn of Nigeria’s pension assets locked in FG bonds Pension Funds Administrators (PFAs) in Nigeria have sustained their age-long appetite for the less risky federal government...
Global credit risk hits 20%, tops risk mgt concerns Credit risk has become number one source of risk management concerns for financial institutions globally...
IBFIA 2021 set to reward resilience of finance industry players as entries open InstinctWave, Africa’s premium business-to-business (B2B) event company, has announced the 6th edition of...
NSE authorises LASACO Assurance to restructure shares LASACO Assurance Plc has said the Nigerian Stock Exchange (NSE) has authorised the company to reconstruct its issued...