Tag: Financial Services

Article Summary  Nigeria is the only African country that has been selected to launch the IFRS S1 and IFRS S2. There is an adoption readiness strategy mapped out to help…

Article summary Quoted Nigerian banks on the Nigerian Exchange (NGX) grew their e-business income by 7% to N307.472 billion compared to N287.429 billion recorded in the previous year 2021. UBA accounted…

Article summary  The CEO of Cowrywise said the new administration in Nigeria will have to come out with the right policies to attract human capital from across the world.  He…

Article summary The CEO of Cowrywise said the exchange rate and inflation are the two major factors that will determine if the financial service sector will grow under the Bola…

Article Summary The Central Bank of Nigeria has denied reports claiming that it has devalued the naira to N631/$1 The apex bank said the exchange rate at the Investors’ &…

Article Summary The bank’s wholesale business segment made significant traction, particularly with the financial institutions with the launch of Abbey Secured Structured Note. In FY 2022, the company had gross…

Article summary Correia said Nigerian banks will have to invest in the latest risk compliance technologies to exit the Financial Action Task Force (FATF) Grey List. He observed that the…

Article summary The National Association of Microfinance Banks (NAMB) has begun a review of the recapitalisation status of all Microfinance Banks that are its members. The body said the move…

Article Summary The Federal Government has given approval to banks to issue the NIN card to Nigerians. According to the Minister of Communications and Digital Economy, Prof. Isa Pantami, the…

Article summary Eyowo said its customers will not be able to send or receive money until the issue of its licence revocation by the CBN is resolved. The digital bank,…