A.M. Best Rating Services has assigned a ‘bb+’ rating and stable outlook on Custodian and Allied Insurance Limited, after an independent analysis of its operations. According...
Shareholders have sued the government at Federal High Court of Nigeria, Abeokuta Division, seeking to restrain the government from going ahead with the plan to borrow...
Citibank, an American multinational investment bank, has lost about $500 million it mistakenly transferred to a group of companies that loaned money to embattled cosmetics firm...
Borno state government has sealed three national banks for not updating their property records in different locations in Maiduguri metropolis. The Special Enforcement Operation was led...
As Corporate institutions continues to explore alternative financing options by tapping the debt capital market, DCM, to sustain their business activities and plug capital shortfalls, FMDQ...
Deposit Money Banks have continued to reduce their borrowings from the Central Bank of Nigeria (CBN). The CBN attributed this new development to excess liquidity in...
HF Group has announced its partnership with Interswitch Group, a leading digital payments and commerce company, to expand its digital banking services to include International Money...
Central Bank of Nigeria (CBN) has directed banks to automatically open dollar bank accounts for their customers who do not have domiciliary in order to facilitate...
The Nigeria Inter-Bank Settlement System Plc (NIBSS) has revealed that the banking sector has reported more than N5 billion loss to fraud between January and September...
The Nigeria Inter-Bank Settlement System Plc (NIBSS) has said that over N5bn was lost to fraudulent activities in the Nigeria Banking sector from January to September...