Financial Services
Banking, Insurance and general financial services news
CBN directs banks, PSPs to process bulk payments on their platforms
The Central Bank of Nigeria (CBN) has instructed banks and payment service providers (PSPs) to begin processing end-to-end bulk payments...
Access Bank gains N5 billion from digital lending in the first six months of 2021
Access Bank's digital lending revenue has increased from N1 billion in the first half of 2019 to N5 billion in...
AfDB’s top rating with stable outlook affirmed by Japanese agency
The African Development Bank's (AfDB) long-term rating has been affirmed at AAA with a stable outlook by the Japan Credit...
Investors in FUGAZ stocks gain N11.51 billion during the week
The market capitalization of the top five banks, referred to as the Tier-1 banks increased to N2.44 trillion at the...
Does Nigeria really need CBN’s e-Naira?
The Central Bank of Nigeria (CBN) has stated that it plans to launch the pilot scheme of its Central Bank...
Access Bank rakes in N29.9 billion from e-business income
Nigeria’s largest bank (by customer base and total assets) raked in a whopping N29.9 billion from its Channels and E-Business...
CBN delaying release of UBA, GTB, Stanbic IBTC, Fidelity Bank results
Regulatory approvals by the Central Bank of Nigeria have left investors with no choice but to wait for weeks to...
Zenith Bank reports N40 billion in Oil and Gas loans are not performing
Zenith Bank disclosed in its half year investment presentation that 29.9% of its non-performing loans are oil and gas-related loans.
CBN appoints 8 new directors
The Central Bank of Nigeria has appointed eight new directors. This was disclosed In a statement titled ‘CBN names Nwanisobi,...
CBN set to launch digital currency, appoints technical partner for project
The Central Bank of Nigeria (CBN) has intensified its efforts towards the introduction of a digital currency as it has...
