Financial Services

Some of the fintechs pointed out that the directive may have been misdirected given that most of the accounts involved...

Recent dividend announcements by major Nigerian banks have highlighted a complex interplay between shareholder returns and Central Bank of Nigeria...

The data also shows that at the end of 2023, active bank accounts stood at 2022.6 million, meaning that about...

In 2023, Nigeria's banking sector witnessed a substantial increase in lending activities amid interest rate hikes, reflecting both the resilience of...

Point-of-Sale (POS) transaction values witnessed a downturn in Nigeria for the first quarter of 2024, registering a N225.73 billion drop...

A letter of resignation seen by Nairametrics indicates Dr. Adesola Adedutan has resigned from his position as Managing Director of...

French bank BNP Paribas was ordered by a US Judge to face a lawsuit accusing the French bank of aiding...

Stakeholders are rallying for Nigeria's removal from the grey list of Financial Action Task Force (FATF), highlighting the significant potential...

The Central Bank of Nigeria (CBN) has issued a new directive to all Deposit Money Banks (DMBs) introducing a reduction...

The exclusion of retained earnings from the computation of minimum capital by the CBN is likely to lead to increased...