Financial Services

Universal Insurance Plc has obtained shareholder approval to raise up to N15 billion in fresh capital, following resolutions passed at...

Chairman of UBA Group, Tony Elumelu, has shed light on why entrepreneurs often face stringent conditions when seeking loans from commercial banks,...

Microfinance banks, fintechs and digital lenders say gaps in Nigeria’s loan recovery framework are worsening defaults, six years after the...

The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change operators in the Nigerian Foreign Exchange Market (NFEM),...

Access Bank has confirmed the collapse of its proposed acquisition of South Africa’s Bidvest Bank, ending a transaction that was...

Nigeria’s National Pension Commission (PenCom) has raised the allowable investment limits for ordinary shares across key Retirement Savings Account (RSA)...

Access Bank’s proposed acquisition of a 100 percent stake in South Africa’s Bidvest Bank has collapsed after the parties failed to secure...

The Central Bank of Nigeria (CBN) has confirmed the full operational deployment of its Scripless Securities Settlement System (S4) as...

The Central Bank of Nigeria and the Nigerian Communications Commission are proposing regular joint audits of banks, telecom operators and...

The Bank of Industry (BoI) has secured regulatory approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB)...