Financial Services
Banking, Insurance and general financial services news
CBN moves against bad debtors to other financial institutions in new circular
The CBN has said it will extend its Credit Risk Management System to other financial institutions in the country.
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Access Bank spends N18.7 billion on digitization in 2020
Access Bank topped its spending on digitalization to enable it compete.
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CBN debits banks N8.3 trillion as CRR in 2020
The Central Bank debited banks a whopping N8.3 trillion as CRR provisions in 2020 up 58% YoY.
Read moreDetailsCBN freezes 194 bank accounts of Bureaux De Change firm, others
This was disclosed by the apex bank, as it published the three court orders on its website.
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This decade will be bullish for Nigeria’s tech space – DLM Capital Group
DLM Capital Group has announced its plans to expand into Nigeria’s million-dollar fintech sector.
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CBN freezes 11 bank accounts of companies, individual
The CBN has been clamping down on businesses and individuals with suspicious bank transactions.
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Which of these contender groups will produce Nigeria’s biggest bank?
It may not be too long before we see one of the potential contender groups produce the next biggest bank...
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USSD service disruption: MTN, banks meeting end in a deadlock, continues today
The meeting was adjourned to Wednesday after the Tuesday discussions on the issues surrounding the commercial dispute were inconclusive.
Read moreDetailsUSSD service disruption: MTN to use Flutterwave, Opay, Kuda, other payment channels
MTN is exploring other electronic payment platforms for its customers to recharge their phones.
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USSD service suspension: FG wades in, resolving issues between MTN and banks
The FG has reached an advanced stage of resolving the issues between MTN and banks over banking USSD operations.
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