By Obinna Chima The Central Bank of Nigeria (CBN), has said it had become a member of the Alliance for Financial Inclusion (AFI), a global network of central banks and policymakers in over 60 developing countries. The AFI, was established to enable people living on less than $2 a day […]

By Obinna Chima Nigeria’s banking industry ratings could be upgraded as capital ratios are expected to rise to 20 percent next year, from their current 14 percent, Nigeria’s oldest ratings agency –Agusto &Co has said. A Senior Official at Agusto & Co disclosed this to Reuters Tuesday. The firm maintained […]

By Eromosele Abiodun Experts in the Nigerian financial service sector have called on investors nursing the idea of making quick gains by speculating on the shares of three rescued banks, Oceanic Bank Plc, Finbank Plc and Union Bank of Nigeria Plc, to exercise caution and consider of post-merger risks in […]