Financial Services
Banking, Insurance and general financial services news
$1.2 billion routed through StanChart and 3 other banks – NBS Report
A capital inflow of the sum of $1.46 billion was received by Nigeria in the third quarter of 2020.
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7 out of 10 bank loans given to Lagosians
77% of banking loans went to Lagos State Beneficiaries.
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Nigerian banks issue disclaimer against Azimo Money Transfer
FirstBank Ltd has issued a disclaimer against Azimo
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VFD Group plans to expand investment portfolio as a pan-African financial powerhouse
Adenubi has disclosed that VFD Group wants a sustainable business where profit and social consciousness are both incorporated.
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Non-performing loans of banks dip by 3.5% – NBS Report
A recent NBS report has disclosed that the total volume of NPL of banks declined by 3.5% in Q3 2020, compared to...
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Transaction volume for Direct debits jumps by 54% as more Nigerians adopt usage
A recent Banking Sector Report by the NBS has disclosed that direct debits increased by 54% in Q3 2020.
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CBN approves new license categorizations for payment systems
The CBN has approved new license categorizations to help promote a strong and credible payment system.
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Consolidated Hallmark Insurance Plc projects PAT of N282.7 million for Q1 2021
Key financial metrics are expected to rise on Y-o-Y as Consolidated Hallmark Insurance projects PAT of N282.7 million for Q1...
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AIICO Insurance Plc shareholders approve increase of authorized capital to N20 billion
AIICO insurance Plc shareholders have given their nod to a rise in the firm’s authorized capital to N20 billion.
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Access Bank in talks with Atlas Mara to take over BancABC
Access Bank Plc is in talks about a potential acquisition of assets belonging to Atlas Mara Ltd.
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