Updates

Healthy growth of the PFAs; Assets under management increased by 15% to N6.02trn

Culled—Proshare February 17, 2017/FBNQuest Research The assets under management (AUM) of the Nigerian pension industry increased by 15.3% y/y to N6.02trn (US$19.7bn) in November, according to the regulator, Pencom. We view the increase as creditable when we make allowances for the arrears in contributions by some state governments and public […]

CBN makes further clarification on FOREX sale

February 17, 2017/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to a media report suggesting that the Office of the Attorney General of the Federation and Minister of Justice has issued a query to the Central Bank of Nigeria (CBN) over issues relating to the […]

Disruption of Nigeria’s Financial Service sector by FinTechs is underway -PwC Survey

Culled—-Proshare February 17, 2017/PwC Nigeria’s  Retail banking and Payments sectors will be the most disrupted by a group of new companies building financial technology (FinTech) solutions. This is according to PwC’s Nigeria FinTech Survey 2017 report released in Lagos on February 16, 2017. The report is the result of insights […]