Financial Services
Banking, Insurance and general financial services news
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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CBN says 17 banks to restructure over 32,000 loans
Manufacturing and general commerce sectors constitute the bulk of the restructured facilities.
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Bank loans not main funding option for Nigerian MSMEs -PwC
In Nigeria, deposit money banks are required to keep 65% loan to deposit ratio.
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FRC issues guidelines on Code of Corporate Governance compliance
FRC engaged all regulators of sectors for the purpose of developing sectoral guidelines of corporate governance.
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S&P Global affirms AfDB’s AAA rating, projects stable outlook
The Bank has a very strong financial risk profile, capital adequacy, liquidity, extraordinary shareholder support.
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Access Bank tells customers it’s time to pay accrued stamp duty charges
The charges accrued between February 1st and April 30th, due to ommissions by the tier-1 bank.
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A look at how much banks paid their workers in Q1 2020
The Nigerian banking industry remains one of the best places to work in the country.
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MARKET UPDATE: CBN’s historic agriculture lending; Is it yielding the desired results?
CBN in recent years has played an active role in stimulating growth in the agricultural sector.
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