Nigerian banks rake in N132.4 billion from E-business Income in 2016
Data from annual report of some top commercial banks in Nigeria reveal they made a combined sum of N132.4 billion in ...
Tag: Financial Services
News and analysis from Financial services sector such as banks, insurance and other non-financial institutions.
Tax payers on the hook as AMCON’s Executive Directors earn N776 million in 2016
Despite making a N351 billion loss in 2016, the four executive directors of the Asset Management Company of Nigeria (AMCON) ...
30% of Nigeria’s forex was spent on fuel importation in 2016
The Central Bank of Nigeria (CBN) spent 30% of the country’s foreign exchange earnings on importing petroleum products in 2016. ...
CBN amends investor window rules: The nitty gritty
More and more tweaking
Stanbic IBTC Money market fund suffers highest weekly outflow since 2009
IBTC money market fund— Nigeria’s largest fund by assets, with N102.2 billion in assets as at May 5th, 2017—saw N9.7 ...
CBN has sold over $4 billion defending the Naira since February 2017
The Central Bank of Nigeria (CBN) seems determined to continue with its intervention in the country’s foreign exchange markets, as ...
Wapic Insurance to raise N10 billion in fresh capital
Share holders of Wapic insurance at its Annual General Meeting (AGM) gave management approval to raise up to N10 billion ...
AMCON made a N254 billion loss in 2016
MD of the bad bank Mohammed Kuru said the possibilities of an AMCON II were unlikely. Kuru was of the ...
