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FirstBank Announces Name Change for its Subsidiaries

Reiterates its commitment to boosting cross-border business opportunities in Africa and the world First Bank of Nigeria Limited, Nigeria’s premier financial services institution, has announced a phased corporate name change…

NDIC Assures Safety of Deposits amid Fears of Bank Collapse

The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors that their money would be safe in the event of a bank failure. NDIC is a statutory body established by NDIC…

AXA Mansard Health Launches new TV Commercial

Report by Adedayo Adekugbe AXA Mansard Health, an arm of AXA Mansard, has just commissioned its new television commercial which it tagged ‘More Wellness For Less’. Key Points: AXA Mansard…

Access Bank Collaborates MFS Africa to Expand Remittances

Nige­ria’s largest bank, which operates across 17 markets, MFS Africa, has partnered with one of Africa’s largest digital payments networks, Access Bank, to expand AccessAfrica remittance corridors. AccessAfrica is an…

Nigeria’s Public Debt Hits N46tr, Excludes N22tr Ways and Means

Nigeria’s total public debt stock is N46.25 trillion as of December 31, 2022, however, this excludes the N22 trillion indebtedness to the Central Bank of Nigeria (CBN), through Ways and…

FirstBank Reacts to Court Case Against Bank, MD over Alleged Forgery

The Bank said that the report was a sponsored content to smear the reputation of the over 125-year-old financial institution.

Goodwell, Oxfam Novib to Support East African Startups with €20 Million Pepea Fund

These early-stage businesses will be between the ages of one to five years, be generating revenues, but yet to raise capital

Stanbic IBTC Bank Completes First Inbound Commercial Transaction on PAPSS

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has completed the first inbound commercial transaction on the Pan African Payment and Settlement System (PAPSS) in Nigeria, making…

CBN Releases Guidelines to Banks Seeking Licence Conversion

The Central Bank of Nigeria (CBN) has issued guidelines on the processes, requirements, and qualifications expected of microfinance, commercial, and primary mortgage banks seeking to re-categorize or convert their licenses.…

HerVest Introduces Bespoke Savings, Investment Offerings to Bridge Africa’s Gender Finance Gap

The new HerVest app also has a dollar investment feature that allows users to invest in dollar-denominated assets such as stocks, real estate, and a fixed income option to earn…

FG Borrowing from CBN Hits N28.43tn Amid Economic Woes

The Federal Government’s (FG) borrowing rate from the Central Bank of Nigeria (CBN) increased by 93.21 percent between January 2022 and the same month in 2023. The data obtained from the…

After Decline from CEB, Nigeria Turns to China Devt Bank for $973m Loan

Nigeria’s government is turning to the China Development Bank for a loan of $973,474,971.38 after the China Exim Bank (CEB) declined to grant a loan of $22,798,446,773, lawmakers said Tuesday.…

Ecobank Takes Financial Planning Education to Schools

Ecobank Nigeria last week embarked on financial education for Secondary School students across the country on personal financial management including savings, budgeting, and investment being part of activities to commemorate…

Stanbic IBTC Lauded for Continued Support for Agribusinesses

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has been recognized for its continued financial support to players in the agricultural sector in Nigeria. Sayed Farms Limited, producer and…

[BREAKING] Naira Scarcity: NLC Suspends Planned Strike

The Nigeria Labour Congress, NLC, has called off its planned strike in response to a nationwide shortage of naira notes. The NLC had planned to launch a nationwide indefinite strike…