24 results
- 11 Aug 2026
Nigerians Borrow More to Buy Homes as Mortgage Demand Climbs - CBN
Credit demand for house purchases by Nigerian households rose to 9.6 index points in the second quarter of 2026 (Q2 2026), indicating increased borrowing for personal home acquisition. The Central…
- 28 Sept 2010
Survey shows Nigerians prefer Endowerment over Term Insurance
Over time, policyholders across the nation have chosen to turn their backs on term insurance plans, preferring instead, the endowment policies. This is quite understood as Nigerians prefer to embrace…
- 10 Mar 2022
Ecobank Extends Mortgage Finance to Civil Servants in Ogun State
Ecobank Nigeria has entered into partnership agreement with Ogun State government to provide mortgage financing to interested civil servants who are allotees of the state’s housing scheme. Under the…
- 14 Mar 2015
Lamudi.com Calculates Which Is Better: BUYING Vs RENTING
As one gets older the desire to settle down and to build a family becomes stronger. Deciding whether to buy or to rent is one of the most important financial decisions one has to take in early…
- 16 Sept 2019
EFCC Nabs Fidelity Bank Staff for Allegedly Stealing N137m
Economic and Financial Crimes Commission (EFCC), Ibadan zonal office, has arrested one Kehinde Olumide Agbabiaka, a sales agent of Fidelity Bank Plc for allegedly stealing N137million, from personal…
- 14 Mar 2023
PenCom Appoints Stanbic IBTC Bank to Process RSA Backed Mortgage
National Pension Commission (PenCom) has named Stanbic IBTC Bank as one of the banks to process Retirement Savings Account (RSA) backed mortgages. The RSA Backed mortgage initiative of the Pension…
- 23 Aug 2010
CBN to Invest N500 Billion in AMCON
With effect from January 2011, the Central Bank of Nigeria (CBN) is to invest N500 billion in Asset Management Corporation of Nigeria (AMCON) for a decade as the apex bank put the total deposits of…
- 15 Mar 2010
Banking Reform Bill Scales Second Reading
A draft legislation to back Nigeria’s banking reforms initiated by Lamido Sanusi, Governor of the Central Bank of Nigeria (CBN), scaled the second Reading in the Senate, a week after it…
- 24 Sept 2013
CBN to Contribute N50Bn to AMCON Sinking Fund
Jones Onyereri, chairman, House of Representatives Committee on Banking and Currency, said the Central Bank of Nigeria (CBN) would contribute N50 billion to the Assets Management Corporation…
- 6 Dec 2017
Reps Decry Neglect of Rural Telephony Facilities
Members of the House of Representatives Committee on Rural Development in Ibadan expressed displeasure with the non-functional state of the rural telephony facilities across the country. The…
- 14 Nov 2025
SEC Partners FMBN Partner on Non-Interest Mortgage Framework
Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) have announced a strategic collaboration to develop a robust Non-Interest Mortgage (NIM) ecosystem. This…
- 4 Sept 2024
FBNQuest Asset Management ABC of Investing
Whether your dreams include buying a home, starting a business, or traveling the world, sound financial management is the key to turning these dreams into reality. Personal finance is the…
- 28 Aug 2013
Lagos Shops for N87.5Bn to Buy Back Concession
The Lagos State government is to approach the Nigerian capital market to raise some N87.5 billion through bond to buy back the concession rights of the Lekki-Epe Expressway from the Lekki Concession…
- 24 Jul 2020
VFD Group Plans IPO on the NSE in 2022
VFD Group, a proprietary investor in financial services companies, is targeting a 2022 initial public offering on the Nigerian stock exchange, CEO Nonso Okpala tells The Africa Report. The…
- 5 Jun 2014
Reps Ask NCAA to Return N255m Bulletproof Cars
The House of Representatives has mandated the Nigerian Civil Aviation Authority (NCAA) to return the controversial bulletproof cars bought for the use of Stella Oduah, former minister of…
- 2 Oct 2014
Nedbank of SA Buys $493m Stake in Ecobank
South Africa's Nedbank said on Thursday it will acquire a 20 percent stake in pan-African lender Ecobank Transnational for $493 million in cash, ending months of speculation it could walk away from…
- 11 May 2021
Vegahs Appoints Brand Ambassador, Wins Endorsement from Ooni of Ife
The Board and Management of VEGAHs, Nigeria’s Most Innovative Estate Tech Company has paid a courtesy visit to the Ooni of Ife H.R.H. Oba Adeyeye Enitan Ogunwusi Ojaja II, in his palace. Sitting (R)…
- 5 Nov 2025
Banks Cash Out, Economy Loses Out: How Nigerian Banks’ N5.05Trn Government Securities Boom is Stifling Real Growth
By Blaise Udunze In a year when Nigeria’s economy continues to groan under the weight of inflation, unemployment, and weak purchasing power, the banking sector has once again recorded a massive…
- 7 Mar 2019
Ogwuma, Ex-CBN Boss, Wife Buy N15.6Bn Property in UK
Paul Ogwuma, former governor of the Central Bank of Nigeria (CBN) and his wife have reportedly acquired property worth £33 million (N15.6 billion). Private Eye , a UK investigative journalism…
- 21 Mar 2016
Global Digital Payments to Reach $3.6 Trillion This Year - Study
A new study from Juniper Research has found that hat the annual transaction value of online, mobile and contactless payments will reach $3.6 trillion this year, up from $3trillion on 2015, resulting…
- 13 May 2020
Reps Mull Bailout for Firms to Prevent Mass Sacking
House of Representatives is considering ways the federal government can support big organisations in the country to pay their workers in order to prevent a mass sacking. At a plenary , the House of…
- 15 Nov 2019
CBN, Others Push for Winding Up of AMCON
Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC) and Ernst & Young, (multinational financial advisory firm), the are pushing to end the operation of the Asset…
- 7 Mar 2016
CBN to Stop Forex Sales to Banks not Issuing LCs
Any bank in Nigeria that deliberately refuses to issue Letters of Credit (LCs) to manufacturers would be denied access to the official foreign exchange window, according to a report by New Telegraph.…
- 18 Jun 2017
ATCON Backs Call for Telecoms Industry Infrastructure Bank
Mr. Ogungboye Muyiwa, managing director and chief executive officer, eStream Networks has called for the establishment of a Telecommunication Infrastructural (Development) Bank to offer players…