Financial Services
Banking, Insurance and general financial services news
FBN Holdings announces N25 billion capital injection into FirstBank
The fresh equity capital injection is coming on the heels of FBN Holdings' recent divestment from FBN Insurance.
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Access Bank acquires Zambian Cavmont Bank Ltd
The statement from Access Bank says that the deal is a highly complementary transaction.
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Nigeria attracts foreign investment worth $5.85 billion in Q1
The report also revealed the top 10 highest and lowest countries that invested in Nigeria.
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Union Bank suffers N188 billion in CRR debits as at June 2020
We expect most banks will suffer similar fate when they release their earnings.
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Nigerian banks have written off N1.9 trillion impaired loans in past 4 years
The COVID-19 pandemic has presented a new threat to Nigerian banks.
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FCMB announces resignation of two directors from its Board
Both directors had been present at the company’s virtual AGM held in April.
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Bears visit Nigerian stock market, triggered by Seplat, Unilever losses
SEPLAT and UNILEVER recorded the largest decline with -10.00% and -4.67% drop in share value.Â
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Stanbic IBTC Insurance Ltd., 3 others apply for insurance license – NAICOMÂ
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.
Read moreDetailsDetails 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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