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...
Counsel to Honeywell Group, Mr Olabode Olanipekun (SAN), has hinted that his client will be seeking the apex court’s intervention and review of the Court of...
Ike Chioke, the group managing director Afrinvest, has projected that the Nigerian banking sector is stable and positioned for growth with the total Nigerian banking assets...
The Senate has passed for a second reading, a bill for an Act to establish a unified scheme for a sound financial system and stem bad...
Ecobank Nigeria has launched Smart Small And Medium Enterprise (SME) Agency Banking campaign targeted at empowering 100,000 entrepreneurs under the Ecobank SME and Agency Banking proposition....
Wins Best Bank of the Year, International Bank of the Year _____________________________ Pan-African financial institution, United Bank for Africa (UBA) Plc, carted two highly coveted laurels...
The Total gross credit to the real sector of the Nigerian economy by the banks in the country has risen by 21 per cent in the...
In the light of COVID-19, next-generation automated teller machines (ATMs) that do not require users to touch them have berthed in Nigeria. FirstBank is spearheading the...
FBNHoldings Group has won big at the 2020 Great Place To Work Award ceremony held last week Friday in Lagos. The Holdings Company along with its...
NAICOM licenses four new insurance firms Ending over 10 years of embargo on licensing of new insurance underwriting firms, the National Insurance Commission (NAICOM), at the...