Financial Services

The National Insurance Commission (NAICOM) says 18 insurance companies have indicated their readiness to undergo capital verification, a key requirement in the...

Sovereign Trust Insurance Plc has announced that its Board of Directors, chaired by Mr. Abimbola Oguntunde, has approved an initial capital raise of N5 billion...

Sovereign Trust Insurance Plc has announced the exit of three members of its Board of Directors, following its 137th board...

Nigeria’s digital lending sector faces a structural shake-up as the Federal Competition and Consumer Protection Commission (FCCPC) moves to restrict...

The Central Bank of Nigeria (CBN) has revealed that 16 banks have met its recapitalisation threshold, marking steady progress in the industry’s efforts to strengthen balance sheets and...

The Central Bank of Nigeria has proposed stricter sanctions for individuals who repeatedly issue dud cheques, including an automatic five-year...

FCMB Group Plc has clarified that its decision to increase the limit of its capital-raising authority from N340 billion to...

The Central Bank of Nigeria (CBN) has issued a fresh directive clarifying how Financial Holding Companies and banks should compute...

AfDB President, Dr Sidi Ould Tah, has disclosed plans to establish a Pan-African Financial Coordination Platform, designed to enhance synergy...

The latest annual audit of the Office of the Auditor-General of the Federation has uncovered fresh breaches in the Central...