August 22, 2021/FirstBank of Nigeria First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider has again reinforced its commitment to Youth Empowerment and Entrepreneurship through its sponsorship of the docuseries ‘’First Class Material’’ from the stables of Linda Ikeji TV. Arguably Nigeria’s most valuable bank brand, FirstBank […]
Money Market
The Banking Industry would have Recorded an ROE of 31.6% if not for the Aggressive Implementation of the Cash Reserve Policy in 2020
August 22, 2021/Hill+Knowlton Strategies Agusto & Co. Limited, Nigeria’s foremost research house and rating institution recently released its flagship 2021 Banking Industry Report, which is the most current and comprehensive report on the banking industry in Nigeria based on the review of the financial statements of twenty commercial banks and […]
CBN Bans Microfinance Banks from Forex Transactions
August 20, 2021/CBN The Central Bank of Nigeria (CBN) has observed the activities of some Microfinance Banks (MFBs) that have gone beyond the remit of their operating licenses by engaging in non-permissible activities especially wholesale banking, foreign exchange transactions and others. Given the comparatively low capitalisation of MFBs, dealing in […]
