The coronavirus pandemic has caused a lot of financial sector stocks to sell off aggressively. Many of these stocks are now selling below the 52 weeks low and they may sell for a lot higher in the com...
M&F Bank (OTCMKTS: MFBP) has received equity investments from four of the largest U.S. banks, which will help the bank grow its franchise and serve its underserved customers better.Betwe...
Recently the Central Bank of Nigeria (CBN) has been tracking down suspicious bank transactions of businesses and individuals and has frozen 11 accounts so far.CBN announced on Wednesday that it got an...
Top Nigerian bank Zenith Bank, released its unaudited results for the first quarter of 2021 which ended on March 31. It recorded a rise in profit before tax of 4 percent to N61 billion, which is over ...
The Alternative Bank, in collaboration with TK Tech Africa, has come to implement measures that are positioned to transform the landscape of financial technology and non-interest banking in Nigeria th...
Nigerian Banks continued their winning streak on the stock market this week, as 7 banks on the NSE gained while only 2 recorded losses. Unfortunately, Access and Sterling were not on the list of ...
A bank run is a situation when the customers of a commercial bank all attempt to withdraw their deposits within a very short space of time due to a lack of confidence in the solvency of the bank. If, ...
The Central Bank of Nigeria (CBN) has granted MTN the final approval to operate as Momo Payment Service Bank Limited (Momo PSB). This was disclosed in a press release titled “THE CENTRAL BANK...
Nigerians are suffering from the poorly executed new currency rollout and now people are protesting the lack of access to the New Naira notes. View this post on Instagram A post shar...
The World Bank's Nigeria Electrification Project (NEP) has made a significant pledge of $750 million with the goal of revitalizing rural electrification initiatives and improving electricity accessibi...