Banking, Insurance and general financial services news
CBN approves JPMorgan’s plan to establish merchant bank in Nigeria
JPMorgan deposits N50 billion with CBN as Nigeria banking licence bid advances
Banks lend more to traders as manufacturing credit shrinks
Bank credit to Nigerian manufacturers falls 26.8% to N5.19 trillion, CBN data show
Banks’ CBN deposits rise above N6 trillion after N2.4 trillion OMO repayment
UBA wins judgment against Stallion Group, Vaswani brothers over alleged N156 billion debt
Onafriq winds down Baxi agent banking business in Nigeria
Fitch Ratings revises outlooks of nine Nigerian banks, two bank holding companies
Guinea Insurance rallies 43% in October as fresh funding raises recovery hopes
Financial services absorb $9.64 billion as Nigeria’s FX demand hits 15-year high
NIBSS adopts Transactility’s jPOS technology for National Payment Stack