BDCs eye $25bn Diaspora remittance collection The Association of Bureaux De Change Operators of Nigeria (ABCON) has appealed to the Central Bank of Nigeria (CBN)...
Earnings Forecast: Linkage Assurance targets N291.09m profit in Q1 Expects N4.92bn gross premium Linkage Assurance Plc has projected to make N291.08 million as its profit...
NSE admits 4.36bn Ordinary Shares of AIICO Insurance About 4.36 billion ordinary shares of AIICO Insurance Plc were listed on the daily official list of the...
AfCFTA implementation: Analysts see respite for Nigeria’s FX pressure Analysts at PFI Capital Limited have said that the huge demand for foreign exchange in Nigeria...
Nigeria’s public debt profile hits N32.22trn As debt servicing costs N1.99trn in 9 months Revenue shortfalls, COVID-19 trigger aggressive borrowing Analysts’s fear comes true Aggregate...
ABCON: COVID-19, forex volatility portend more woes for businesses except… Foreign exchange (forex) scarcity in Nigeria portend a more difficult operation environment for businesses...
CBN’s forex reserves inch up to $35.4bn The nation’s external reserves rose to $35.4billion as at December 30 from $34.98 billion recorded as at December...
Pension schemes capture only 11% Nigerian workforce – PenOp Despite the astronomical growth recorded in the pension fund, only 11 per cent of workforce in...
Jaiz Bank targets N6.15bn gross earnings in Q1 2021 To open new branches in South-West soon Nigeria’s pioneer non-interest lender, Jaiz Bank Plc, has forecast N6.15...
CITITRUST Holdings mulls N12.5bn capital injection by Q1 2021 CITITRUST Holdings Plc said it is targeting a debt capital injection of N12.5 billion for business...
Banks’ credit to private sector hits N19.54trn in November Nigerian banks’ gross credit to players in the private sector has increased to N19.54 trillion as at...
Concerns as Nigeria’s forex reserves shed $132.06m Nigeria’s foreign exchange (forex) reserves dropped by $132.06 million at the weekend as the apex bank continued to...
NAICOM tasks insurers on N463.1bn annuity business The National Insurance Commission (NAICOM) has expressed worries over the declining participation of life companies in retiree life...
NDIC: 42 microfinance banks lose operating licences The Central Bank of Nigeria (CBN) has revoked the operating licences of 42 microfinance banks in the country....
NIFIs: CBN asks for public inputs to new financial document The Central Bank of Nigeria (CBN) has called for public observations, comments and contributions to...
CBN orders closure of money transfer operators’ naira accounts The Central Bank of Nigeria (CBN) has directed the Deposit Money Banks (DMBs) to close all...
CBN kicks as Money agents flout dollar payment directive The Central Bank of Nigeria (CBN) has expressed displeasure at the flouting of its policy mandating International...
Another banking consolidation imminent, McKinsey predicts Another round of banking consolidation is inevitable for lenders to thrive by growing capital base quicker than inflation rates and...
Fitch Ratings has revised the Outlook on Nigeria-based Coronation Merchant Bank Limited’s (CMB) Long-Term Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR...
SystemSpecs emerges Payment Technology Company of the Year Award SystemSpecs, Africa’s leading financial technology and human capital solutions firm, has emerged the payment technology company of...