Financial Services
Banking, Insurance and general financial services news
Emefiele says eNaira has recorded about 600,000 downloads, digital transactions have risen by over 153%
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has revealed that the CBN Digital currency app, the eNaira app,...
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CBN to establish International Finance Centre at Eko Atlantic City by 2nd quarter of 2022
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said that the apex bank would set up an...
Read moreDetailsIbrahim Kashim resigns as Director from Veritas Kapital Assurance
The Board of Veritas Kapital Assurance Plc has notified the investing public and other relevant stakeholders, of the resignation of...
Read moreDetailsAnchor Borrowers’ Scheme: CBN says it has disbursed N864 billion to 4.1 million farmers
The Central Bank of Nigeria (CBN) reported that it has so far disbursed the sum of N864 billion to 4.1...
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FCMB Group Plc declares N13.8 billion PAT in 9-months 2021, as earnings per share prints 70 kobo
FCMB Group Plc released its unaudited results for the nine months period ended 30th of September, 2021. According to the...
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CBN signals end to forbearance despite NPL rising above regulatory limits
The Central Bank of Nigeria's Monetary Policy Committee has revealed that the average non-performing loans ratio for Nigerian banks is...
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First Bank is too big to fail, CBN is happy with investors’ tussle for share ownership – Emefiele
The Central Bank of Nigeria (CBN) said that First Bank is a big part of the Nigerian banking system, and...
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Nov 2021 MPR: CBN retains MPR at 11.5%, holds other parameters constant
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the benchmark interest rate...
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Ghana hikes interest rate for the first time in 5 years. Will Nigeria follow suit?
For the first time since 2015, Ghana's Central Bank raised its benchmark interest rate, citing "significant" inflation risks as justification....
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Traditional Finance 1 – Decentralized Finance 0
When Cryptocurrencies are in bullish territory, the agenda for ‘what the best form of finance is’ rolls out. Like clockwork,...
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