Financial Services
Banking, Insurance and general financial services news
CBN expands scope of regional banks in Nigeria, gives compliance timeframe
The aim of this directive is to expand the reach of the regional banks across the country, the CBN said.
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Banks’ stakeholders express 4 main concerns bothering the sector right now
Banks are more concerned about the arbitrary nature and lack of understanding of the CRR debits.
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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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