July 01
Nigeria: Omosehin Charges Actuaries On Shaping Future of Insurance With Ai
The Commissioner for Insurance, Mr Olusegun Ayo Omosehin, has charged members of the Nigerian Actuarial Society (NAS) to collaborate, innovate, and lead the way in shaping the… Read more »
June 30
Nigeria: Second Banking Sector Recapitalisation - Adopting the Okereke-Onyiuke Model
As Nigerian commercial banks continue to roll out plans to surpass the new capital threshold introduced by the Central Bank of Nigeria, Nik Ogbuile wonders whether we still have… Read more »
June 26
Nigeria: Application Open for Access Bank's Womenpreneur Pitch-a-Ton Programme
In a bid to inspire, connect and empower women, Access Bank has opened the portal for registration for season six of its Womenpreneur Pitch-A-Ton programme. Read more »
Nigeria: How Access Bank Is Promoting True African Identity
In commemoration of the 2024 Africa Day Celebration, Sunday Ehigiator writes on how Access Bank Plc, a leading pan-African financial institution, stands at the forefront of… Read more »
June 25
Nigeria: CBN Mandates Banks, IMTOS to Pay Diaspora Remittances in Naira
The Central Bank of Nigeria (CBN) Tuesday directed banks and International Money Transfer Operators (IMTOS) to pay all diaspora remittances in Naira and match with the… Read more »
Nigeria: Civil Societies Support FG's Recapitalisation, Reform of Banks
Following the decision of the Central Bank of Nigeria (CBN) to recapitalise commercial banks in the country, the Coalition of Civil Society Organisations in the country has thrown… Read more »
June 24
Nigeria: Liquidity Pressure - Banks Borrow N3.76tn From CBN in Three Weeks
Following monetary rates tightening by the Central Bank of Nigeria (CBN), which has led to illiquidity in the banking system, banks and merchant banks in Nigeria in just three… Read more »
June 19
Nigeria: Tomato Ebola - Need for Agric Insurance
Recent report by the National Bureau of Statistics (NBS) indicated that food inflation in the country rose to 40.66 per cent in May 2024; a fact that is very worrisome and raises… Read more »
Nigeria: Awori - Ecobank Has Agenda to Drive Growth in Nigeria
At the just concluded 36th Annual General Meeting (AGM) of Ecobank Group held in Togo, its Chief Executive Officer, Mr. Jeremy Awori expressed the group's determination to… Read more »
Nigeria: Q1 2024 - 10 Banks' Opex Up 103 Percent to N1.58tn Amid Inflation, Others
On the back of inflationary pressure, regulating levy, among others, operating expenses of 10 banks went up by a whooping 103 per cent to N1.58 trillion in the first quarter (Q1)… Read more »
June 20
Nigeria: Rating Agency Attestations to Wema Bank's Profitability, Assets Quality
The recent rating by Agusto & Co has further attested to Wema Bank Plc's impressive 2023 financial year performance that showed increasing intrinsic value in profit generation… Read more »
June 17
Nigeria: Obasanjo, Oduntan Advocates Policy Coherence, Single-Digit Interest Loans for Farmers
Former President Olusegun Obasanjo has urged the federal government to prioritise food security by offering single-digit interest loans to farmers to further open up the Agric… Read more »
Nigeria: Access Bank, Scidar to Enhance Health SMEs Financing
Access Bank, has partnered with Solina Centre for International Development and Research (SCIDaR), a prominent non-profit organisation spearheading impactful health interventions… Read more »
Nigeria: Ecobank Reiterates Commitment to Make Adire Industry Leverage AfCFTA
Ecobank Nigeria has reiterated its commitment to ensure that Nigeria's adire industry leverages the potential of the African Continental Free Trade Agreement (AfCFTA). Read more »
Nigeria: Preserving Central Bank of Nigeria's Autonomy
James Emejo writes on the need to preserve the autonomy of the Central Bank of Nigeria in the interest of the nation's economy Read more »
June 11
East Africa: Access Bank Completes Acquisition of Tanzania's Bancabc, Consolidates East African Operations
·Fitch Ratings upgrades Coronation Merchant Bank to 'B-', stable outlook Read more »
Nigeria: Onukwue - Bank Recapitalisation Will Revive Primary Market
The Chairman, Association of Securities Dealing Houses of Nigeria (ASHON), Mr Sam Onukwue has stated that with the proposed new capital requirements of banks, shall spur activities… Read more »
Nigeria: Again, CBN Reassures On Safety of Banking System, Depositors' Funds
The Central Bank of Nigeria (CBN) yesterday reaffirmed its assurance to the banking public that their deposits remained safe amid a resilient industry. Read more »
June 05
Nigeria: At 32.60 Percent, UBA Leads Banking Sector Capital Adequacy Ratio in 2023fy
Aside from generating significant increase in profit and assets, United Bank for Africa (UBA) reported 32.60 per cent Capital Adequacy Ratio (CAR) in 2023 financial year to… Read more »
Nigeria: Peter Obi - Revocation of Heritage Bank's Licence Will Hurt Confidence in Banking System
Former Anambra Governor and the presidential candidate of the Labour Party in the last general election, Peter Obi, yesterday, said that the Central Bank of Nigeria's (CBN)… Read more »
June 03
Nigeria: Liquidity Challenges - Banks, Others' Borrowing From CBN Up 436 Percent to N53.7trn
Kayode Tokede Read more »
Nigeria: Stanbic IBTC Insurance Receives NAICOM's Approval for 2023 Fs
In a significant stride towards international financial reporting standards, Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has emerged as the first insurance… Read more »
Nigeria: Financial Sector Will Witness More Islamic Banking, Says CBN
The Central Bank of Nigeria (CBN) has revealed that the financial sector will witness more Islamic banking. Read more »
Nigeria: Zenith Bank Named Most Sustainable Bank in Nigeria in the International Banker Awards 2024
Zenith Bank Plc has been named the "Most Sustainable Bank, Nigeria" in the International Banker 2024 Banking Awards, retaining the title for the second consecutive year. Read more »
Nigeria: Pos and the New Registration Challenges
The Central Bank of Nigeria (CBN) recently mandated that all Point of Sales (PoS) operators complete their registration with the Corporate Affairs Corporation (CAC) by July 7,… Read more »