Bank loans to the different levels of government and the national economy have continued to grow steadily as the banking sector moves to put its non-performing...
Ahmed Kuru, the Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), has said the corporation has developed a new receiver framework for its recovery...
As the coronavirus pandemic forces firms to downsize and cut their wage cost to cope with the adverse economic realities, First Bank of Nigeria Limited (FirstBank)...
Banks in the country have com menced a collective scheme targeted at reducing the incidence of non-performing loans also know as bad loans in the industry....
Sixteen major Eurozone banks have come together to start the implementation of a new payment system to take on the might of Visa and Mastercard and...
By Ifeoma Finnih On the 1st of June 2020, the Federal Government of Nigeria (“FGN”) via the Department of Petroleum Resources (“DPR”) formally announced the commencement...
Nigeria’s banks are facing foreign currency shortages because of low oil prices, volatile foreign inflows and lower remittances amid the pandemic. This is threatening to renew...
Acting on the rulings of Justice F.O.G. Ogunbanjo of the Federal High Court, Abuja, the Asset Management Corporation of Nigeria (AMCON) has taken over a factory...
Two pension funds administrators (PFAs) are ready to become one through acquisition as the FCMB Pensions Limited, a subsidiary of First City Monument Bank (FCMB) Group...
The Pension Fund Operators Association of Nigeria (PenOp), has unveiled plans to widen the coverage of the different pension schemes in the country, to bring more...
CCAF, World Bank, World Economic Forum champion study Targeting 15,000 fintech firms worldwide, the Cambridge Centre for Alternative Finance (CCAF) announced it has partnered with the...
Due to the federal government’s directive to ease the nationwide restrictions on movement and key businesses, Wema Bank Plc will reopen all its branches nationwide. In...
The Central Bank of Nigeria (CBN) is to provide agricultural funding for about 1.6 million farmers during the 2020 wet planting season. The apex disclosed bank...
The Central Bank of Nigeria said all applicants for its Covid-19 household and small and medium enterprise support loans will no longer require guarantors to access...
At least N107.45 billion has been accessed by beneficiaries from the N1.15 trillion Central Bank of Nigeria’s (CBN’s) COVID-19 pandemic intervention funds within the last 90...
The National Insurance Commission (NAICOM) has extended deadlines for recapitalization of insurance companies in Nigeria even as it segmented the process meeting the target for them....
Surpasses 150,000 agent banking vendours First Bank of Nigeria Limited has announced that it has reinforced its technology infrastructure to enable anyone in the country...