Financial Services
Banking, Insurance and general financial services news
Stanbic IBTC Insurance Ltd., 3 others apply for insurance license – NAICOM
The announcement was made on Friday as NAICOM confirmed the names of the companies.
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Cornerstone Insurance to issue bonus shares in view of recapitalisation
The bonus share issuance is subject to shareholders' approval during the company's next Annual General Meeting.
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Details of CBN’s new intervention schemes for non-interest financial institutions
The overall objective of these interventions is to promote financial inclusion in the country.
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Nigeria is not our biggest market, it’s our biggest opportunity – Ecobank
They also acknowledged that “Nigeria has a difficult macro environment”.
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Sterling Bank CEO disclose purchase of bank shares
The transactions cumulatively come to a total of N46 million.
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CBN’s Emefiele explains why banks restructured N7.8 trillion loans to customers
CBN had granted a temporary suspension on loan interests and repayment on principal debts.
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Nigerian Banks issue N3.3 trillion in new loans in June 2020
Nigerian banks increased lending in June 2020 despite the effect of the covid-19 pandemic.
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Jack Ma’s fintech firm is set for IPO, signalling prospects for Nigerian fintechs
Ant Group now operates Alipay which millions of shoppers use across Alibaba’s e-commerce networks.
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Stanbic IBTC, Zenith Bank will limit their customers’ debit card spending abroad
Zenith Bank told customers that "this review is in response to today’s economic realities.”
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How to access new CBN’s Non-oil Export Fund
Fund will diversify revenue base of the economy and development of the nation's non-oil export sector.
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