The crisis of 2008 came from within the financial services industry. Today, in this crisis of the real economy, banks are economically afflicted alongside other sectors...
While it was already under way prior to the pandemic, the global shift to digital payments has been positively affected by the crisis. According to the...
Over One Million Nigerians Received Loans Below 20 Percent Interest Rate in 2020 Over one million Nigerians borrowed loans below 20 percent interest rate, according to...
The Central Bank of Nigeria (CBN) has closed 42 microfinance banks, according to the latest report from the Nigeria Deposit Insurance Corporation (NDIC). In the report...
UBA Reduces Paper Usage to 15 Percent in 2019 United Bank for Africa (UBA) Plc said the introduction of paperless policy across its operations in 2019...
Zenith Bank Posts N178 Billion Profit After Tax in 2019 Zenith Bank, Nigeria’s most profitable bank, has said it invested over N12 billion through targeted interventions...
Non-performing Loans Reduced to N1.17 Trillion in Q3 2020 A series of policy adjustments implemented by the Central Bank of Nigeria have helped moderate Nigeria’s non-performing...
Following the Board of Directors’ meeting held by FCMB Group on Friday, December 4, 2020, the Board considered and approved the bank’s consolidated financial budget for...
Ecobank, whose official name is Ecobank Transnational Inc., reported a 298 percent declined in profit after tax for the third quarter ended September 30, 2020. In...
Rising investment in financial technologies and the growing adoption of electronic payments have earned 12 Nigerian banks a total sum of N133.92 billion in the first...