Financial Services
Banking, Insurance and general financial services news
Interest rates will remain low until the end of H1 2021 – Meristem Securities
Meristem Securities has argued that interest rates will remain low until, at least, the end of H1 2021.
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CBN issues framework for QR payments
CBN has issued a framework that would guide Quick response (QR) code payments in Nigeria.
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CBN unveils framework for regulatory sandbox operations
CBN has issued a regulatory Sandbox framework towards engaging with the operators in the Fintech space.
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Standard Chartered Nigeria Plc crashes ‘personal loans’ interest rate to 1% monthly
The Bank crashed its interest rate to one of the lowest in Nigeria’s lending space.
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Stanbic IBTC Plc ceases Bureau de Change business operations
Stanbic IBTC Group has announced that its subsidiary, SIBDC will no longer continue its operations.
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Investment banking fees earned in Sub-Saharan Africa hits a six-year low of $523.7 million in 2020
The report stated that the energy and power sector generated the highest investment banking fees for the aforementioned period.
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AFC secures $250 million capital loan from International Development Finance Corporation
AFC has secured a $250 million capital loan from International Development Finance Corporation.
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Supply of credit to households will increase in Q1 2021 – CBN Survey
Supply of secured and unsecured credits to households to increase in Q1 2021.
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Over 1 million people took loans from banks below 20% interest rate in 1 year- CBN
CBN said over one million banks' customers took loans from their financial institutions in the last one year below 20%...
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Bank of Industry seals landmark $1 billion syndicated term loan
BOI has successfully concluded a landmark US$1 billion loan syndication transaction.
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