The financial landscape in Nigeria’s mortgage subsector witnessed a major shake-up on Tuesday as the Nigeria Deposit Insurance Corporation (NDIC) officially moved in to liquidate two prominent institutions: Aso Savings …
Nigeria’s Deposit Money Banks are increasing efforts to raise fresh capital as the Central Bank of Nigeria intensifies its oversight to build a stronger, more resilient financial system. The apex …
The Asset Management Corporation of Nigeria has revealed that it has repaid about N3.6tn to the Central Bank of Nigeria since it was created in 2010 to stabilise the financial …
Standard Chartered Bank Nigeria Limited has announced that it has successfully met the Central Bank of Nigeria’s (CBN) new minimum capital requirement of ₦200 billion for national commercial banks, well …
Nigeria’s biggest commercial banks have spent a total of ₦442 billion on the Asset Management Corporation of Nigeria (AMCON) levy in the first half of 2025, representing a 34 percent …
The Monetary Policy Committee (MPC) of the Bank of Ghana has announced a major cut in the benchmark policy rate, slashing it by 350 basis points (3.5 per cent) from …
A new report by geopolitical and economic research firm, SBM Intelligence, has praised the recapitalisation strategy of FCMB Group as one of the most effective approaches among Nigeria’s Tier-2 banks. …
The National Pension Commission (PenCom) has issued a strong warning to Pension Fund Administrators (PFAs) against investing workers’ retirement savings in the Additional Tier-1 (AT1) capital instruments of Deposit Money …
The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that it has paid ₦54.62 billion to 691,418 depositors of the now-defunct Heritage Bank. The Corporation also announced a liquidation dividend of …
Banks in Egypt made a huge net profit of EGP 152.76 billion during the first quarter of 2025. This was made known in a report released by the Central Bank …