Financial Services
Banking, Insurance and general financial services news
CBN resumes regular publications on Inflation, business expectations survey, others to promote transparency
The Central Bank of Nigeria (CBN) has announced the reintroduction of periodic reports on key economic indicators as part of...
Read moreCBN incurs N1.55 trillion interest from T-Bills sales in first half of 2024
The Central Bank of Nigeria has incurred an estimated N1.55 trillion in interest payments for the 12 successful Treasury Bills...
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Three MPC members vote to retain interest rate at 26.25% during July meeting
At least three members of the Monetary Policy Committee (MPC) voted to retain the Monetary Policy Rate (MPR) at 26.25%...
Read moreCBN and FBN Holdings urge Court to dismiss Barbican Capital’s suit over share dispute
The Central Bank of Nigeria (CBN) and FBN Holdings Plc have asked a Federal High Court in Lagos to dismiss...
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Court reverses TAJ Bank’s customers’ N139 Million ‘unlawfully’ credited due to system glitch
The Federal High Court, Abuja, has granted an interim freezing order against several accounts in Fair Money Micro-finance Bank Ltd,...
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Coronation’s pre-tax profit soars to N2.6 billion in the second quarter of 2024
Coronation Insurance posted a pre-tax profit of N2.6 billion in its recently published financial statement for the second quarter of...
Read moreNine firms purchase $25.76 million from CBN’s retail Dutch auction to repay loans
The Central Bank of Nigeria (CBN) conducted a Retail Dutch Auction on August 6, 2024, where nine companies purchased a...
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NDIC pays 82.36% of insured deposits to customers of liquidated Heritage Bank
The Nigeria Deposit Insurance Corporation (NDIC) has successfully paid 82.36% of the total insured deposits to customers of the now-defunct...
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Windfall Tax: Why Nigerian banks are still positioned for resilient growth
Given the recent policy shifts affecting the Nigerian banking sector, including the Central Bank of Nigeria's (CBN) revised capital requirements...
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Dangote Group purchases $105.33 million from latest CBN’s Retail Dutch Auction
Dangote Group’s subsidiaries have emerged as major recipients in the latest Retail Dutch Auction conducted by the Central Bank of...
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