Financial Services
Banking, Insurance and general financial services news
Adesina Probe: US Treasury Secretary praises AFDB’s decision on independent review
The AFDB said it supported an internal investigation that cleared Adesina.
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African Development Bank to launch African Economic Outlook 2020 Supplement
The African Economic Outlook 2020 Supplement would be launched on Tuesday, July 7 through a live Zoom event.
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Fidelity Bank announces closed period ahead of H2 financial statements release
Fidelity Bank Plc is expected to release its half-year 2020 financial statement on or before August 29, 2020.
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Focus on some key resolutions reached during Ecobank Transnational’s 32nd AGM
Note that this was the first time Ecobank Transnational Incorporated would be holding its AGM by proxies.
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Here’s what will happen to Nigeria’s insurance sector in the short to medium term
The Nigerian insurance sector is expected to grow at a subdued rate in 2020 due to the COVID-19 pandemic.
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Key new forecasts for Nigerian banks as they navigate COVID-19 pandemic
Nigerian banks are expected to experience a slowdown in 2020 due to the COVID-19 pandemic.
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Access Bank rescinds decision on collection of accrued stamp duty from customers
Access Bank apologised to its customers and said it will bear the cost of the stamp duty.
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Quick Take: SWOT analysis of Nigeria’s financial sector according to Fitch Solutions
The Coronavirus pandemic is top on the list of factors weakening the Nigerian financial sector.
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Fitch says Nigerian banks have a risk indicator of 12.14, explains why
The report shows that Nigeria's banking industry remains one of the most systematically fragile in the world.
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World Bank says Nigerian banks are at risk of being destabilised by COVID-19
Capital erosion and a possible resurgence in banks' non-performing loans are just some of the risks.
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