30 results
- 3 Feb 2015
PenCom, Mortgage Firms Partner on Assets Redeployment to Capital Market
Nigerian Pension Commission (PENCOM) has disclosed it is currently working with the mortgage refinancing companies to ensure that PENCOM assets are redeployed in the capital market. Mrs. Chinelo…
- 18 Sept 2019
Federal Mortgage Bank Seeks N500Bn Recapitalisation Fund
Mr. Umar Dankane, executive director, Business Development and Portfolio Management of the Federal Mortgage Bank of Nigeria has said that the bank needs a N500 billion recapitalisation fund for…
- 18 Jan 2010
N12trillion Premium Projection by 2020 - How feasible?
Can the Nigerian insurance industry achieve the projected N12trillion premium base by the year 2020? This is the million dollar question agitating the minds of stakeholders as industry…
- 29 Jul 2015
$150Bn Stolen Fund: Experts Urges e-Govt Adoption to End Trends
Few days after President Muhammadu Buhari decried that an estimated $150 billion had been stolen in the Nigerian government and stashed abroad in the last 10 years, experts have called for a holistic…
- 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…
- 8 Jan 2014
FG to Float NMRC, New Mortgage Company
The Federal Government plans to establish a new Nigeria Mortgage Refinance Company (NMRC) to revive the housing sector. According to a release by the Ministry of Finance on Federal Government…
- 27 Jul 2022
NGX Raises N72bn for Real Estate Firms, Unveils Plan to Address Housing Deficit
To meet the needs integral to the housing sector, whilst helping Nigeria meet its Sustainable Development Goals (SDGs), Nigerian Exchange Group (NGX) Plc says it intends to launch the impact board…
- 20 Apr 2010
‘Regional Bank Requires N15 Billion Capital’
The Central Bank of Nigeria (CBN) has said that any bank that wishes to operate as a regional bank in Nigeria must have a minimum capital base of N15 billion. The apex bank said in its…
- 7 Mar 2021
Ecobank Sets to Pay Customers N5 for Every Dollar Received
Ecobank is implementing the Central Bank of Nigeria (CBN)’s scheme which offers N5 for every Dollar received into domiciliary accounts or as cash over the counter. Korede Demola-Adeniyi; Head,…
- 21 Oct 2020
Ecobank Applauded Over Its Innovative Digital Technology
Experts and industry stakeholders at the Ecobank forum have applauded the banks huge investment in innovative digital technology. With proper engagement, transparent exchange rate and a pan African…
- 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…
- 10 Jan 2024
SEC Grants NASD Approval to Launch Digital Securities Platform
The Nigerian Securities and Exchange Commission (SEC) has granted approval to NASD Plc to launch its Digital Securities Platform (N-DSP). The N-DSP is powered by Blockstation, under the Regulatory…
- 17 Nov 2008
Oceanic Registrars Sign New Clients
Oceanic Registrars, a subsidiary of Oceanic Bank International Plc has signed in new big time accounts Registrars and agents of company secretaries to maintain registers of shareholders. The new…
- 30 Nov 2020
NSE Migrates Four Companies from ASeM to Growth Board
The Nigerian Stock Exchange (“NSE” or “The Exchange”) has announced the migration of Chellarams Plc, Living Trust Mortgage Plc, McNichols Plc, and The Initiates Plc from the Alternative Securities…
- 13 May 2025
CBN, NIBSS Unveil BVN Platform for Diaspora Nigerians
Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) on Tuesday inaugurated an innovative digital gateway allows Nigerians in the diaspora to obtain a…
- 20 Apr 2018
SEC Partners IFC, AFDB to Boost Sukuk Bond Investment
The Securities and Exchange Commission (SEC) yesterday expressed plans to work with International Finance Corporate (IFC), African Development Bank (AfDB) for development of Sukuk bond investment.…
- 23 Nov 2009
FMBN Plans to Grow Investment to N1.1 trillion
The Federal Mortgage Bank of Nigeria (FMBN) is planning to grow its investment volume to about N1.1 trillion, making it one of the biggest banks in the country. Abdulsalam Ahmed, managing…
- 31 Oct 2013
States Raised N589Bn from Nation's Bourse in 14 years - SEC
State governments have raised N589 billion from the nation's bourse through bonds to finance infrastructure development in the last 14 years, the Securities and Exchange Commission (SEC) has said. Ms…
- 2 Nov 2022
Abbey Mortgage Bank Achieves BBB Rating Status
Following its good capitalization, among others, a pan-African credit agency, Agusto & Co has rated Abbey Mortgage Bank BBB in its latest rating report. The BBB rating from leading Agusto &…
- 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…
- 10 Jul 2017
Only 3m Nigerians Have Insurance Policies, says Adeosun
Mrs. kemi Adeosun, minister of Finance, on Monday said that only three million out of 180 million Nigerians possessed insurance policies to protect themselves from uncertainties. Adeosun, who…
- 3 Sept 2021
FG Advocates Smart Technology for Efficient Housing
Senator Gbenga Ashafa, the Managing Director/Chief Executive of Federal Housing Authority, FHA, has called on stakeholders in the housing sector to embrace smart technology for efficient housing…
- 16 Mar 2026
Crypto Transactions Hit $96Bn in Nigeria -SEC
Securities and Exchange Commission (SEC) yesterday said that Nigeria’s digital finance ecosystem recorded about $96bn in cryptocurrency and other virtual asset transactions. Emomotimi Agama,…
- 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…
- 25 Nov 2024
Banks, Others Raise N2.7 Trillion from Capital Market - SEC
Securities and Exchange Commission (SEC) has disclosed that banks and other companies raised over N2.7 trillion from the capital market in recent times. The figure, which includes equity capital,…
- 8 Sept 2025
TUC Labels 5 Percent Tax on Petroleum Products ‘Economic Wickedness', Threatens Strike
Trade Union Congress of Nigeria (TUC) has rejected the federal government’s proposed 5 per cent tax on petroleum products, describing it as “economic wickedness” against citizens already weighed down…
- 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…
- 11 Oct 2021
Appzone Relaunches BankOne, Digital Core Banking Solution for Fintechs & Neobanks
Appzone, the Pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, has announced the Pan-African launch of BankOne, its digital…
- 4 Jan 2023
Stock Market Extends Gain by 0.12%
The Nigerian Exchange Ltd. (NGX) on Wednesday gained N34 billion as market capitalisation closed at N28.136 trillion from N28.102 trillion recorded on Tuesday. Also, the All-Share Index (ASI)…
- 4 Jul 2023
Sonnie Ayere, DLM Capital Founder Bags LifeTime Achievement Award
Sonnie Babatunde Ayere, founder and Group CEO of DLM Capital Group, has received a lifetime achievement award from The International Investor. This award is intended exclusively for business…