Financial Services
Banking, Insurance and general financial services news
CBN, First Bank on collision course over removal of MD/CEO
Sources in First Bank accuse CBN of meddling in its internal affairs.
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AfDB bars Maxicare company for 3 years for fraudulent practices
The bank said that the debarment of Maxicare was due to its engagement in collusive and fraudulent practices during a...
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First Bank appoints Gbenga Shobo as new MD/CEO
First Bank has appointed Shobo to take the position MD/CEO, as Adeduntan retires.
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4 Nigerian banks that offer easy-to-get car loans
Owning a car is one of the exciting moments in a person’s life because you no longer have to struggle...
Read moreDetailsCBN adds VFD, UK based firms, 8 others to list of Money Transfer Operators
The apex bank has added 10 to the existing 47 IMTOs in Nigeria.
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Fintechs compete with traditional banks, introduce free services
In recent times, fintech startups have raised the bar, offering customers easier, faster, and cheaper financial services.
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Nigerian Banks spend N551.9 billion on employee cost in 2020
Nairametrics gathered information on banks that incurred the highest personnel expenses in 2020.
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Microfinance Banks record 82% boom in lending in 2020
Microfinance Banks are now the fastest creator of credit in the financial services space.
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Unity Bank increases loan portfolio by 94.3% in 2020
Unity Bank increased its loan portfolio to customers by 94.3% to stand at N202.1 billion as of December 2020.
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Linkage Assurance Plc proposes N500 million as final dividend for 2020, bonus issue on existing shares
In addition to the payment of the cash dividend of 5 kobo per share, shareholders will also be issued a...
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