PenCom Restores Investment In Commercial Papers By LPFAs
The National Pension Commission (PenCom) has lifted its temporary suspension on Licensed Pension Fund Administrators (LPFAs) investing in commercial papers…
Day: December 4, 2024
FCMB begins cash rewards for customers
First City Monument Bank (FCMB) has launched the 10th edition of its “Millionaire Promo,” a nationwide campaign to reward and…
Experts Call for Increased Capital Base for Pension Fund Administrators Amid Economic Challenges
Amid rising inflation and the depreciating value of the Naira, financial experts have called for a review of the minimum…
Public Private Partnership (PPP) Assets To Get Insurance Cover As From Next Year
The Infrastructure Concession Regulatory Commission (ICRC), in collaboration with the National Insurance Commission (NAICOM), will introduce new guidelines in 2025…
Africa Energy Bank rakes in $2.5bn, to commence operations March 2025
The Africa Energy Bank (AEB), a $5 billion initiative spearheaded by the Africa Petroleum Producers Organisation (APPO) and the Afreximbank,…
Zenith Bank’s path to sustainable growth
Zenith Bank, Nigeria’s largest and most profitable financial institution, exemplifies a commitment to sustainable growth rooted in innovation and responsible…
Polaris Bank and Amtis Skills Place Empower Young Designers Through Fashion Competition
Polaris Bank partnered with Amtis Skills Place to host the 2024 Amtis Fashion Competition, a platform aimed at training and…
Finance and insurance sector grow economy by 30.83% on CBN rate hike
The finance and insurance sector recorded a 30.83% growth in real GDP in Q3 2024, driven by the Central Bank…
CBN directs banks to make cash available to customers
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to prioritize cash disbursement to customers through both…
Nigerian Banks Record N6.5 Trillion Loan Income Amid Rising Interest Rates
Amid a steep rise in the Central Bank of Nigeria’s (CBN) Monetary Policy Rate (MPR), Nigerian banks generated N6.5 trillion…
Asian Stocks Stumble Amid South Korean Political Turmoil and Global Market Uncertainty
Asian markets faced turbulence as South Korean political upheaval weighed heavily on sentiment. The imposition and subsequent lifting of martial…
NAICOM and ICRC partner on insurance for assets under PPP
The National Insurance Commission (NAICOM) and the Infrastructure Concession Regulatory Commission (ICRC) have announced a partnership to ensure proper insurance…
Coronation Insurance declares N2.2bn profit
Coronation Insurance Group has reported a profit before tax of N2.2 billion for the financial year ending December 31, 2023,…
Minority shareholders rally behind UBA’s N239bn rights issue
United Bank for Africa (UBA) Plc has launched a N239.4 billion rights issue, offering existing shareholders 6.84 billion ordinary shares…
Banks raise withdrawal limit to N50,000
Deposit Money Banks in the Federal Capital Territory have increased their maximum over-the-counter daily withdrawal limit to N50,000, a significant…