Financial Services
Banking, Insurance and general financial services news
How rich is Tony Elumelu and how does he make money?
Tony Elumelu made his fortune in the banking sector before branching out to other fields as an investor.
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Why CBN sacked board of First Bank
For years, the CBN has used Adeduntan as a check against attempts by directors of First Bank to secure insider...
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E-payments ecosystem continues to show promise in Q4 2020
As of Q4 2020, transactions worth 3.46bn and N356.47tn were done through Electronic Payment Channels (EPC) in volume and value,...
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CBN reveals steps taken in 2016 to prevent First Bank from collapse
The CBN has outlined steps taken by the apex bank to stabilize First Bank of Nigeria and help it navigate...
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Full statement of Emefiele’s sacking of FBN Holdings Board
CBN Governor’s statement on the purported management change at the First Bank of Nigeria Ltd.
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CBN moves to ‘reinstate’ Sola Adeduntan as MD/CEO First Bank
The CBN is making moves to reinstate ousted MD/CEO of First Bank Ltd as the controversy surrounding his removal rages.
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Insurance coverage: NCRIB tasks FG to improve penetration for citizens
The NCRIB has urged the FG to support the penetration of insurance coverage for citizens in the country.
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CBN issues ultimatum to First Bank of Nigeria on divesting its interest in Honeywell Flour Mills
The CBN has raised concerns over First Bank's failure to comply with regulatory directives on divesting its interest in Honeywell...
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CBN, First Bank on collision course over removal of MD/CEO
Sources in First Bank accuse CBN of meddling in its internal affairs.
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AfDB bars Maxicare company for 3 years for fraudulent practices
The bank said that the debarment of Maxicare was due to its engagement in collusive and fraudulent practices during a...
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