16 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…
- 22 Apr 2019
CBN Bans Mortgage Banks from Granting Dollar Loans
Central Bank of Nigeria (CBN) has barred Primary Mortgage Banks from granting foreign currency denominated mortgage loans to customers, according to a draft guideline for the licensing and regulation…
- 7 Aug 2019
Agusto & Co. Assigns a “Aa-” Rating to United Bank for Africa Plc
Nigeria’s first credit Rating Agency and a pan African leader in credit reports, Agusto & Co. limited whose strong credibility presence and ratings are globally accepted in Nigeria, and across…
- 8 Aug 2019
Agusto & Co. Assigns UBA Aa- Rating
Agusto & Co. Limited, Nigeria’s premier credit rating agency, known for its credible presence in credit analysis globally, has scored United Bank for Africa (UBA) Plc with a rating of “Aa-”.…
- 4 Jul 2019
CBN Okays Free Operation of Mobile Wallet by Banks
Central Bank of Nigeria (CBN) has said that Deposit Money Banks can now operate mobile money wallet services without prior approval. The banking regulator stated this in a circular to DMBs…
- 7 Apr 2017
Financial Institutions Risk Revenue Loss from Fintech
Large financial institutions across the world could lose 24% of their revenue to financial technology companies over the next three to five years, according to a new study by PricewaterhouseCoopers…
- 20 Jun 2022
Investors Worry about Banks’ N814Bn Non-Performing Loans
Investors at the weekend, urged government to stimulate economic activities, particularly, in ensuring security and facilitating the movement of agricultural produce as well as the seamless export of…
- 3 Jul 2018
NMRC Seeks Approval for $1.4 bln Debt Programme
Nigeria Mortgage Refinance Company (NMRC) plans to seek approval from members by the end of the month to triple the size of its debt programme to 440 billion naira ($1.44 billion), the state-backed…
- 20 Jan 2026
CBN Raises Alarm over Loan Defaults by Households, Corporates
Banks recorded an increase in loan defaults by households and corporates in the fourth quarter of 2025, reflecting growing repayment pressures on consumers and businesses, latest Credit Conditions…
- 17 Mar 2013
CBN, DMBs Move to Fund Mortgage Industry
Central Bank of Nigeria (CBN) has sent a draft of the regulatory and supervisory framework for the operations of a Mortgage Refinance Company (MRC) to all banks that will guide the provision of funds…
- 1 Jul 2021
UBA Leads Peers in Stimulating Economic Growth in Africa through Consumer Lending
United Bank for Africa (UBA) Plc, Pan African financial Institution, has reiterated its support for SME business and businesses through consumer lending and have innovated with niche products that…
- 23 Jul 2013
FG Sets Up Mortgage Refinance Firm
The federal government has established a mortgage company which will make it possible for many Nigerians to own their own houses at affordable rates, according to Dr Ngozi Okonjo-Iweala, coordinating…
- 25 Jan 2018
IFC Uses Innovative Tool to Help Unlock $500M Investment in West Africa
Using an innovative finance tool to spur more development in low-income countries, IFC, a member of the World Bank Group, announced yesterday the completion of a $9 million investment that aims to…
- 12 Nov 2018
Insider Abuse, Banking Malpractices Killed Skye Bank - Report
Risk Assessment and Forensic Investigation Reports has revealed that the erstwhile management of the failed Skye Bank Plc. contributed to its failure by engaging in insider abuse, poor corporate…
- 9 Aug 2015
Revealed: Rosabon Study Shows Nigeria Loan Financing Over 5 Years
In the financial sector, there has been continued improvement in performance as the reforms carried out by the Central Bank of Nigeria (CBN) to evolve dynamic financial system continued to have…
- 14 Nov 2023
Finance Houses Association of Nigeria Elects Sonnie Ayere as President
Founder & GCEO, DLM Capital Group, Dr. Sonnie Babatunde Ayere has been elected as the President of the Finance Houses Association of Nigeria (“FHAN”). He was elected unopposed on the 10th of…