Ecobank secures N50bn 10-year subordinated loan Ecobank Transnational Incorporated, the parent company of the Ecobank Group, has announced that one of its significant subsidiaries, Ecobank...
Financial Inclusion: FirstBank’s 86,000 banking agents process N9.6trn transactions Runs largest agent banking network in 772 local governments At present, there are over 86,000 banking...
UBA’s LEO: Celebrating 3 years of revolutionised banking services Technology has been a veritable gift to mankind, and over the years, it has been responsible...
Pension fund assets hit N11.57trn, rise by 11% in 1 year The aggregate value of pension fund assets in Nigeria has recorded significant gain to...
FG spent N6.46trn on debt servicing, personnel in 2020 – Minister The Federal Government spent a total of N6.46tn on debt servicing and workers in...
INNOVATION: FirstBank unveils virtual payment card First Bank of Nigeria Limited says it has launched a virtual payment card, a naira-denominated debit card and digital...
In Numbers: Nigeria has N2.9trn Currency in circulation – CBN Currency in Circulation (CIS) rose by N249 billion from N2.66 trillion as of the end...
Unity Bank targets N341m profit in Q1 2021 Projects N9.32bn Gross Earnings; N312m PAT Unity Bank Plc has disclosed that it is expecting to rake...
Forex inflow through CBN declines to $6.97bn Q3 2020 Foreign exchange inflow through the Central Bank of Nigeria (CBN) in the third quarter of 2020...
Access Bank acquires another bank in Zambia Access Bank Plc has announced the completion by it’s Zambian subsidiary of Cavmont Bank Limited (Cavmont ppl), following...
2020: Nigeria ranks fourth in Islamic finance research papers globally According to the Islamic Finance Development Report (IFDR) 2020, Nigeria ranked fourth among nations in Islamic finance research papers. According to the...
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...