Financial Services
Banking, Insurance and general financial services news
Nigerian fintech companies raised $600 million in five years – McKinsey Report
McKinsey report has revealed that Nigeria’s fintech companies have raised over $600 million in funding in the last six years.
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Young female professionals in insurance are constrained by inadequate opportunities – Dive In
Young female professionals in the insurance sector are constrained by inadequate opportunities, a survey has revealed.
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CBN reduces MPR from 12.5% to 11.5%
The Governor of the CBN has announced the reduction of MPR from 12.5% to 11.5%.
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CBN grants Greenwich Trust Limited operational license for merchant banking
CBN has upscaled Greenwich Trust Limited to the status of a merchant bank.
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AIICO Insurance to boost property, technology with proceeds from right issue
Right issue will increase the capital base of the firm from N11.6 billion to N15.1 billion.
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CBN to hold MPC meeting next week
The CBN's highest monetary policy decision-making body, the MPC is set to hold its meeting.
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AfDB assures firms of supporting their expansion plans
AfDB is dedicated to prepare homegrown institutional investment funds.
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CBN to increase loans to agricultural sector to 10% of total bank credit
The CBN continues with its support for the agricultural sector.
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CBN allows banks to pay winnings, salaries for 7 banned betting & gaming companies
The banned betting and gaming companies are now allowed to access their accounts for limited purposes.
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Banks lay-off 2,477 staff during lock-down
As expected contract staff were the most hit as banks sacked over 2000 employees.
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