Financial Services
Banking, Insurance and general financial services news
Active bank accounts in Nigeria surge to 111.5 million as COVID-19 drives account opening
NIBSS report reveals the number of active bank accounts surged by 14.41%.
GTBank, Access Bank, 11 others pay workers N271.64 billion in H1 2020
The COVID-19 pandemic did not have any impact on how much the bank workers earned.
CBN claims no immunity for Emefiele as it fires back at NESG
Critics are now throwing the kitchen sink at the CBN Governor for actions they deem "unpopular".
FUGAZ Banks revenue hits N1.57 trillion in H1, 2020
The revenue increase of these banks is attributable to a number of factors.
Credit to households increases in Q2 2020 – CBN
Credit is expected to rise further in the Q3 2020.
Exclusive: Best bank in Nigeria judging by the numbers
Using several well-known metrics, we track Banking sector performance.
First Bank tops as Nigerian banks record lower E-business income
The FUGAZ generated a sum of N67.3 billion from electronic business during their half-year 2020.
GT Bank to reveal new MD/CEO pick by October
He provided an update into the bank's succession plans at an investor earnings call session on Monday.
FUGAZ Banks suffer N1.9 trillion in CRR Debits in Q2
In total, the CBN now holds a total of N6.57 trillion in CRR debits from the nation's top 5 banks
CBN reviews minimum interest rates on savings deposit to 1.25%
With inflation rate at 12.8%, this is almost like paying banks to keep the money for you.
